Director/PDMR Shareholding

RNS Number : 4636Y
Crest Nicholson Holdings PLC
03 March 2017
 

Crest Nicholson Holdings plc

LEI: 213800ROIFXRRRKVQD25

 

Crest Nicholson Holdings plc

Director/PDMR Shareholding

 

In accordance with the 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 other Persons Discharging Managerial Responsibility ("PDMRs") under the following incentive plans:

·      Crest Nicholson Holdings plc Long-Term Incentive Plan (the "LTIP")

·      Crest Nicholson Holdings plc Deferred Bonus Plan (the "DBP")

 

1.   LTIP

The following Directors and PDMRs have been granted options (exercisable at nil-cost) over 589,206 Ordinary Shares of 5 pence each in the Company (the "LTIP Options") on 28 February 2017:

 

Director/PDMR

Number of shares over which option granted

Stephen Stone*

149,216

Patrick Bergin*

103,400

Robert Allen*

179,227

Chris Tinker*

55,541

Robin Hoyles

37,904

Kevin Maguire

29,838

Darren Dancey

34,080

*Denotes an Executive Director of the Company

 

Subject to Performance Conditions in respect of profit before tax per share and return on capital employed and certain other conditions in respect of service and conduct attached to the awards, the LTIP Options are exercisable between 2020 and 2027. The number of shares subject to the LTIP Options has been calculated based on the closing middle market share price on 27 February 2017 in accordance with the rules of the Plan and no payment was required for the grant of the LTIP Options.

 

2.   DBP

 

The following Directors and PDMRs have been granted options (exercisable at nil-cost) over 88,897 Ordinary Shares of 5 pence each in the Company (the "DBP Options") on 28 February 2017 representing the element of annual bonus deferred for three years:

 

Director/PDMR

Number of shares over which option granted

Stephen Stone*

33,484

Patrick Bergin*

18,748

Chris Tinker*

15,125

Robin Hoyles

10,322

Kevin Maguire

8,125

Darren Dancey

3,093

*Denotes an Executive Director of the Company

 

Subject to certain conditions in respect of service and conduct attached to the awards, the DBP Options are exercisable between 2020 and 2027. The number of shares subject to the DBP Options has been calculated based on the closing middle market share price on 27 February 2017 in accordance with the rules of the Plan and no payment was required for the grant of the DBP Options.

 

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.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.

 

2.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.

 

c)

Price(s) and volume(s)

      

 

Price(s)

Volume(s)

LTIP

Nil

149,216

DBP

Nil

33,484

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

Price(s)    

 

GBP Nil

 

Volume(s)

 

182,700

e)

Date of the transaction

2017-02-28

f)

Place of the transaction

Outside a trading venue

 

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.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.

 

2.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.

 

c)

Price(s) and volume(s)

      

 

Price(s)

Volume(s)

LTIP

Nil

103,400

DBP

Nil

18,748

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

Price(s)    

 

GBP Nil

 

 

Volume(s)

 

122,148

e)

Date of the transaction

2017-02-28

f)

Place of the transaction

Outside a trading venue

 

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

Robert Allen

2

 

Reason for the notification

a)

Position/status

Group Finance 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

Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.

 

 

c)

Price(s) and volume(s)

Price(s)    

 

GBP Nil

 

 

Volume(s)

 

179,227

d)

Aggregated information

- Aggregated volume

- Price

Price(s)    

 

GBP Nil

 

 

Volume(s)

 

179,227

e)

Date of the transaction

2017-02-28

f)

Place of the transaction

Outside a trading venue

 

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.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.

 

2.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.

 

c)

Price(s) and volume(s)

      

 

Price(s)

Volume(s)

LTIP

Nil

55,541

DBP

Nil

15,125

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

Price(s)    

 

GBP Nil

 

Volume(s)

 

70,666

e)

Date of the transaction

2017-02-28

f)

Place of the transaction

Outside a trading venue

 

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.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.

 

2.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.

 

c)

Price(s) and volume(s)

      

 

Price(s)

Volume(s)

LTIP

Nil

37,904

DBP

Nil

10,322

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

Price(s)    

 

GBP Nil

 

 

Volume(s)

 

48,226

e)

Date of the transaction

2017-02-28

f)

Place of the transaction

Outside a trading venue

 

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

Darren Dancey

2

 

Reason for the notification

a)

Position/status

Group Design and Technical 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.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.

 

2.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.

 

c)

Price(s) and volume(s)

      

 

Price(s)

Volume(s)

LTIP

Nil

34,080

DBP

Nil

3,093

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

Price(s)    

 

GBP Nil

 

Volume(s)

 

37,173

e)

Date of the transaction

2017-02-28

f)

Place of the transaction

Outside a trading venue

 

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.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.

 

2.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.

 

c)

Price(s) and volume(s)

      

 

Price(s)

Volume(s)

LTIP

Nil

29,838

DBP

Nil

8,125

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

Price(s)    

 

GBP Nil

 

Volume(s)

 

37,963

e)

Date of the transaction

2017-02-28

f)

Place of the transaction

Outside a trading venue

 

 

For further information please contact:

Kevin Maguire

Company Secretary                                                         +44 (0) 1932 580 555

 

3 March 2017


This information is provided by RNS
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