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Chemring ( (GB:CHG) ) just unveiled an update.
Chemring Group PLC has announced a conditional award of 176,470 ordinary shares to James Mortensen, a director, under its Performance Share Plan 2016. This award is part of the company’s incentive schemes and will vest after three years, contingent on continued service and meeting performance conditions, with an additional two-year holding period post-tax vesting. This move is indicative of Chemring’s commitment to aligning management interests with shareholder value, showcasing strategic focus on long-term performance and stability.
More about Chemring
Chemring Group PLC operates within the defense industry, focusing on providing advanced technologies and products for the aerospace, defense, and security markets. Their primary offerings include countermeasures, sensors, and energetic systems, which are critical for military and security operations globally.
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.
