Business
Transfer of shares buyback & PDMR Shareholding
Transfer of shares buyback & PDMR Shareholding.
About this update from Churchill China Plc
[{"type":"text","content":"\n \nRNS Number : 5497G Churchill China PLC 30 May 2017 \n\nChurchill China plc (the \"Company\")\nPDMR Shareholding, Transfer of Shares out of Treasury, Transaction in Own Shares and Total Voting Rights\n \nThe Company announces that on 26 May 2017 options over a total of 34,151 ordinary shares of 10p each in the Company (\"Ordinary Shares\") were exercised by Directors of the Company, as described further below.\n \nDavid O'Connor, Chief Executive Officer, has exercised options over 17,571 Ordinary Shares and has sold 10,664 Ordinary Shares. David Taylor, Finance Director, exercised options over 16,580 Ordinary Shares and has sold 10,514 Ordinary Shares. The purpose of the sale was to finance the exercise cost and personal tax liability arising on the exercise of those share options. \n \nFollowing the exercise and disposals, David O'Connor's interest in the Company totals 48,520 Ordinary Shares, representing 0.4% of the voting capital of the Company, and David Taylor's interest in the Company totals 60,555 Ordinary Shares, representing 0.6% of the voting capital of the Company.\n \nThe exercise of the share options has been satisfied by the transfer of 34,151 Ordinary Shares out of Treasury.\n \nA further 17,000 Ordinary Shares have today been bought back at a price of 1035p, to be held in Treasury.\n \nFollowing the above transactions the Company's share capital now consists of 11,030,172 Ordinary Shares, with 57,849 Ordinary Shares in treasury. Therefore, the total number of voting rights is 10,972,323.\n \nThe figure of 10,972,323 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Churchill China plc under the FCA's Disclosure and Transparency Rules\n \nThe notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:\n \n\n\n\n\n1 \n \n\n\n\n\n\nDetails of the person discharging managerial responsibilities / person closely associated \n \n\n\n\n\na) \n \n\n\nName \n \n \n\n\n\n\n\nDavid O'Connor\n\n\n\n\n2 \n \n\n\n\n\n\nReason for the notification \n \n\n\n\n\na) \n \n\n\nPosition/status \n \n&nbs...