5th Feb 2013 07:00
5 February 2012
Chamberlin plc
("Chamberlin" or "the Company")
Directors' Shareholdings
Chamberlin plc (CMH.L), the specialist foundry and engineering group, was notified on 4 February 2013 that Chief Executive Tim Hair has exercised options granted under the Chamberlin Performance Share Plan (the "PSP") over a total of 8,590 Chamberlin ordinary shares representing 0.11% of the total voting rights of the Company (the "New Ordinary Shares").
The Remuneration Committee has determined that, the performance criteria relating to the vesting of options due to Tim Hair as been met and that the options have vested. Accordingly the following options have now been exercised:
Options to be exercised | Total shares remaining under option | Total shareholding following exercise of options | Shareholding as % of issued share capital | |
Tim Hair | 8,590 | 782,421 | 143,098 | 1.80% |
The New Ordinary Shares issued under the PSP have a nil exercise price. Tim Hair intends to meet the tax arising from the exercise of the options from his own resources and has no present intention of selling any of the New Ordinary Shares issued to him.
Application will be made for the New Ordinary Shares to be admitted to trading on AIM and that admission will take place on 20 February 2013. The New Ordinary Shares will rank pari passu with the existing shares of the Company. Following this allotment the total issued share capital of the Company will increase to 7,958,126 ordinary shares.
For further information, please contact:
Chamberlin plc | T: 01922 707100 |
Tim Hair, Chief Executive | |
Charles Stanley Securities (Nominated Adviser and Broker) | T: 020 7149 6000 |
Russell Cook / Carl Holmes | |
Biddicks (Financial PR) | T: 020 3178 6378 |
Katie Tzouliadis |
Related Shares:
CMH.L