Director/PDMR Shareholding
Chemring Group PLC has granted a conditional award of 110,769 ordinary shares under its Long Term Incentive Plan to director Sarah Ellard, with no initial consideration paid and vesting contingent on continued service and performance conditions after three years. Any shares that vest will be subject to an additional two-year holding period post-tax. This transaction, occurring outside a trading venue on December 10, 2025, represents an initial notification for a person discharging managerial responsibilities.
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Chemring Group PLC ("Chemring" or the "Company") announces that it has today granted a conditional award over 110,769 1p ordinary shares in the capital of the Company to Sarah Ellard, a director of the Company, under the Chemring Group Long Term Incentive Plan. No consideration was paid for the grant of the award and no consideration is due on vesting of the award. The award will ordinarily vest on the third anniversary of grant subject to the grantee's continued service and to the extent performance conditions are satisfied. Any shares which vest, post-tax, will be subject to an additional two-year holding period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Sarah Ellard |
| 2 | Reason for the notification | |
| a) | Position/status | Director/PDMR |
| b) | Initial notification /Amendment | Initial |
| a) | Name | Chemring Group PLC |
| b) | LEI | 213800U9A54VQJ5P2J41 |
| a) | Description of the financial instrument, type of instrument Identification code | Conditional award over 1p ordinary shares GB00B45C9X44 |
| b) | Nature of the transaction | Conditional award under the Chemring Group Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 110,769 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 10 December 2025 |
| f) | Place of the transaction | Outside a trading venue |
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