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Chemring ( (GB:CHG) ) has provided an update.
Chemring Group PLC announced the vesting of 83,481 deferred ordinary shares to Michael Ord, a director, as part of his annual bonus for the year ending October 2021. Of these, 39,434 shares were sold to cover tax and national insurance liabilities, with the transaction occurring on the London Stock Exchange. This move reflects the company’s ongoing executive compensation practices, impacting stakeholders by aligning management interests with shareholder value.
More about Chemring
Chemring Group PLC operates within the defense and security industry, specializing in the production of advanced technology solutions for military and security markets globally. The company offers a range of products and services, including countermeasures, sensors, and energetic systems, catering primarily to government and defense organizations.
YTD Price Performance: -8.53%
Average Trading Volume: 896,314
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £852.8M
For detailed information about CHG stock, go to TipRanks’ Stock Analysis page.
