TIDMCHG

RNS Number : 6701O

Chemring Group PLC

08 August 2014

Grant of new Share Options

On 6 August 2014 the Company received notification from the Yorkshire Building Society that the Directors listed below had been granted share options over a total of 31,826 ordinary shares of

1 pence each ("Ordinary Shares") on 30 July 2014 pursuant to the Company's Sharesave Plan.

The Options are exercisable at a price of 163 pence per Ordinary Share, being a 20 per cent discount to the market value of the Company's shares on the dealing day immediately prior to the date of invitation to apply for options.

The new options granted under the Company's Sharesave Plan will become exercisable in the period from 1 October 2017 to 31 March 2018 for the three year plan and 1 October 2019 to 31 March 2020 for the five year plan.

 
 Name               Number of options     Exercise   Exercise      Total number 
                     awarded pursuant      price      period        of shares over 
                     to the Sharesave                               which options 
                     Plan over Ordinary                             held as at the 
                     Shares                                         date of this 
                                                                    announcement 
                                                                    (Sharesave Plan 
                                                                    and Performance 
                                                                    Share Plan) 
-----------------  --------------------  ---------  ------------  ----------------- 
                                                     1 October 
                                                      2019 to 31 
 Steven Bowers      9,202                 163p        March 2020   359,007 
-----------------  --------------------  ---------  ------------  ----------------- 
                                                     1 October 
                                                      2017 to 31 
 Sarah Ellard       11,042                163p        March 2018   386,410 
-----------------  --------------------  ---------  ------------  ----------------- 
                                                     1 October 
                                                      2017 to 31 
 Michael Flowers    11,042                163p        March 2018   371,711 
-----------------  --------------------  ---------  ------------  ----------------- 
 

The above transaction has been notified for the purposes of DTR 3.1.2R and DTR 3.1.4R.

Caroline Speller

Assistant Company Secretary

T: 01794 833911

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSLLFFLTDITIIS

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