Director/PDMR Shareholding

RNS Number : 1667H
Crest Nicholson Holdings PLC
08 March 2018
 

 

Crest Nicholson Holdings plc

Director/PDMR Shareholding

 

In accordance with notification obligations under article 19.3 of the Market Abuse Regulation, Crest Nicholson Holdings plc (the "Company") announces the following transactions by certain Directors of the Company and Persons Discharging Managerial Responsibility ("PDMRs") under the Crest Nicholson Holdings plc Long-Term Incentive Plan (the "LTIP") and the Crest Nicholson Holdings plc Deferred Bonus Plan (the "DBP").

 

On 27 February 2015 certain Directors and PDMRs were granted options under the LTIP and DBP (the "Options") exercisable after three years.

 

LTIP

On 27 February 2018 100% of the awards granted under the LTIP Options became exercisable following satisfaction of the performance conditions (relating to return on capital employed, and growth in profit before tax per share).

 

DBP

On 27 February 2018 the awards granted under the DBP also became exercisable following satisfaction of the three year service period. In accordance with the rules of the plan, additional shares were added to each award, equivalent to the dividends payable during the service period.

 

Exercise of Options

On 7 March 2018, the Directors and PDMRs exercised the Options (over Ordinary Shares of 5 pence each in the Company) ("Shares"). Some Directors and PDMRs sold all the Shares awarded to them, others sold sufficient Shares to meet income tax and national insurance liabilities, retaining the balance. The Company allotted shares from the Company's block listing facility to satisfy the exercise of the Options.

 

Full details are set out below:

 

Notification and public disclosure of transactions by persons discharging managerial responsibility and persons closely associated with them.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Stephen Stone

2

 

Reason for the notification

a)

Position/status

Chief Executive

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Crest Nicholson Holdings plc

b)

LEI

213800ROIFXRRRKVQD25

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares of £0.05

 

 

GB00B8VZXT93

b)

Nature of the transaction

1.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan.

2.   Exercise of share awards (LTIP & DBP) and sale of shares.

 

c)

Price(s) and volume(s)

      

 

Price(s)

Volume(s)

Award of dividend equivalent shares

Nil

7,028

Acquisition of shares on exercise of DBP share award

Nil

54,806

Acquisition of shares on exercise of LTIP share award

Nil

178,083

Sale of shares

£4.75

232,889

Retention of shares

Nil

Nil

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

Aggregated Price(s)

Aggregated Volume(s)

Award of dividend equivalent shares

Nil

7,028

Acquisition of shares

Nil

232,889

Sale of shares

£4.75

232,889

Retention of shares

Nil

Nil

 

 

 

e)

Date of the transaction

2018-03-07

f)

Place of the transaction

Outside a trading venue (award of dividend equivalent shares and exercise of share awards) and XLON (sale of shares)

 

Notification and public disclosure of transactions by persons discharging managerial responsibility and persons closely associated with them.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Patrick Bergin

2

 

Reason for the notification

a)

Position/status

Chief Operating Officer

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Crest Nicholson Holdings plc

b)

LEI

213800ROIFXRRRKVQD25

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares of £0.05

 

 

GB00B8VZXT93

b)

Nature of the transaction

1.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan.

2.   Exercise of share awards (LTIP & DBP) and sale of shares to fund the income tax and national insurance liability and retention of balance of shares.

c)

Price(s) and volume(s)

      

 

Price(s)

Volume(s)

Award of dividend equivalent shares

Nil

3,934

Acquisition of shares on exercise of DBP share award

Nil

30,685

Acquisition of shares on exercise of LTIP share award

Nil

99,711

Sale of shares

£4.75

61,624

Retention of shares

Nil

68,772

 

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

Aggregated Price(s)

Aggregated Volume(s)

Award of dividend equivalent shares

Nil

3,934

Acquisition of shares

Nil

130,396

Sale of shares

£4.75

61,624

Retention of shares

Nil

68,772

 

 

 

e)

Date of the transaction

2018-03-07

f)

Place of the transaction

Outside a trading venue (award of dividend equivalent shares, exercise of share awards and retention of shares) and XLON (sale of shares)

Notification and public disclosure of transactions by persons discharging managerial responsibility and persons closely associated with them.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Chris Tinker  

2

 

Reason for the notification

a)

Position/status

Chairman of Major Projects and Strategic Partnerships

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Crest Nicholson Holdings plc

b)

LEI

213800ROIFXRRRKVQD25

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares of £0.05

 

 

GB00B8VZXT93

b)

Nature of the transaction

1.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan.

2.   Exercise of share awards (LTIP & DBP) and sale of shares in part to fund the income tax and national insurance liability and retention of balance of shares.

c)

Price(s) and volume(s)

      

 

Price(s)

Volume(s)

Award of dividend equivalent shares

Nil

3,046

Acquisition of shares on exercise of DBP share award

Nil

23,765

Acquisition of shares on exercise of LTIP share award

Nil

64,356

Sale of shares

£4.75

75,588

Retention of shares

Nil

12,533

 

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

Aggregated Price(s)

Aggregated Volume(s)

Award of dividend equivalent shares

Nil

3,046

Acquisition of shares

Nil

88,121

Sale of shares

£4.75

75,588

Retention of shares

Nil

12,533

 

 

 

e)

Date of the transaction

2018-03-07

f)

Place of the transaction

Outside a trading venue (award of dividend equivalent shares, exercise of share awards and retention of shares) and XLON (sale of shares)

Notification and public disclosure of transactions by persons discharging managerial responsibility and persons closely associated with them.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Robin Hoyles

2

 

Reason for the notification

a)

Position/status

Group Land and Planning Director

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Crest Nicholson Holdings plc

b)

LEI

213800ROIFXRRRKVQD25

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares of £0.05

 

 

GB00B8VZXT93

b)

Nature of the transaction

1.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan.

2.   Exercise of share awards (LTIP & DBP) and sale of shares to fund the income tax and national insurance liability and retention of balance of shares.

 

c)

Price(s) and volume(s)

      

 

Price(s)

Volume(s)

Award of dividend equivalent shares

Nil

2,078

Acquisition of shares on exercise of DBP share award

Nil

16,218

Acquisition of shares on exercise of LTIP share award

Nil

43,920

Sale of shares

£4.75

28,421

Retention of shares

Nil

31,717

 

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

Aggregated Price(s)

Aggregated Volume(s)

Award of dividend equivalent shares

Nil

2,078

Acquisition of shares

Nil

60,138

Sale of shares

£4.75

28,421

Retention of shares

Nil

31,717

 

 

e)

Date of the transaction

2018-03-07

f)

Place of the transaction

Outside a trading venue (award of dividend equivalent shares, exercise of share awards and retention of shares) and XLON (sale of shares)

Notification and public disclosure of transactions by persons discharging managerial responsibility and persons closely associated with them.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kevin Maguire

2

 

Reason for the notification

a)

Position/status

Company Secretary

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Crest Nicholson Holdings plc

b)

LEI

213800ROIFXRRRKVQD25

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares of £0.05

 

 

GB00B8VZXT93

b)

Nature of the transaction

1.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan.

2.   Exercise of share awards (LTIP & DBP) and sale of shares.

 

c)

Price(s) and volume(s)

      

 

Price(s)

Volume(s)

Award of dividend equivalent shares

Nil

1,634

Acquisition of shares on exercise of DBP share award

Nil

12,765

Acquisition of shares on exercise of LTIP share award

Nil

34,573

Sale of shares

£4.75

47,338

Retention of shares

Nil

Nil

 

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

Aggregated Price(s)

Aggregated Volume(s)

Award of dividend equivalent shares

Nil

1,634

Acquisition of shares

Nil

47,338

Sale of shares

£4.75

47,338

Retention of shares

Nil

Nil

e)

Date of the transaction

2018-03-07

f)

Place of the transaction

Outside a trading venue (award of dividend equivalent shares and exercise of share awards) and XLON (sale of shares)

 

For further information please contact:

 

Kevin Maguire

Company Secretary                                                         +44 (0) 1932 580 555

 

8 March 2018


This information is provided by RNS
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