Director/PDMR Shareholding

RNS Number : 8024S
Crest Nicholson Holdings PLC
13 March 2019
 

 

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 26 February 2016 certain Directors and PDMRs were granted options under the LTIP and DBP (the "Options") exercisable after three years.

 

LTIP

On 26 February 2019 25% 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 26 February 2019 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, as part of the exercise additional shares have been added to each award, equivalent to the dividends payable during the service period.

 

Exercise of Options

On 12 March 2019, 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 or transferring it to Persons Closely Associated with them ("PCA"). The Options were satisfied using shares from the Employee Benefit Trust.

 

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

Executive Chairman

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

6,263

Acquisition of shares on exercise of DBP share award

Nil

38,751

Acquisition of shares on exercise of LTIP share award

Nil

37,099

Sale of shares

£3.85

35,777

Retention of shares

Nil

40,073

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

Aggregated Price(s)

Aggregated Volume(s)

Award of dividend equivalent shares

Nil

6,263

Acquisition of shares

Nil

75,850

Sale of shares

£3.85

35,777

Retention of shares

Nil

40,073

 

 

 

e)

Date of the transaction

2019-03-12

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 Executive 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

3,504

Acquisition of shares on exercise of DBP share award

Nil

21,694

Acquisition of shares on exercise of LTIP share award

Nil

20,772

Sale of shares

£3.85

20,031

Retention of shares

Nil

22,435

 

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

Aggregated Price(s)

Aggregated Volume(s)

Award of dividend equivalent shares

Nil

3,504

Acquisition of shares

Nil

42,466

Sale of shares

£3.85

20,031

Retention of shares

Nil

22,435

 

 

 

e)

Date of the transaction

2019-03-12

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), sale of all DBP shares, and sale of LTIP Shares in part to fund the income tax and national insurance liability and retention of balance of LTIP shares.

c)

Price(s) and volume(s)

      

 

Price(s)

Volume(s)

Award of dividend equivalent shares

Nil

2,829

Acquisition of shares on exercise of DBP share award

Nil

17,504

Acquisition of shares on exercise of LTIP share award

Nil

13,407

Sale of shares

£3.85

24,501

Retention of shares

Nil

6,410

 

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

Aggregated Price(s)

Aggregated Volume(s)

Award of dividend equivalent shares

Nil

2,829

Acquisition of shares

Nil

30,911

Sale of shares

£3.85

24,501

Retention of shares

Nil

6,410

 

 

 

e)

Date of the transaction

2019-03-12

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), sale of shares to fund the income tax and national insurance liability and transfer of balance of shares to PCA.

 

c)

Price(s) and volume(s)

      

 

Price(s)

Volume(s)

Award of dividend equivalent shares

Nil

1,927

Acquisition of shares on exercise of DBP share award

Nil

11,942

Acquisition of shares on exercise of LTIP share award

Nil

9,149

Sale of shares

£3.85

9,949

Transfer of shares to PCA

Nil

11,142

Retention of shares

Nil

Nil

 

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

Aggregated Price(s)

Aggregated Volume(s)

Award of dividend equivalent shares

Nil

1,927

Acquisition of shares

Nil

21,091

Sale of shares

£3.85

9,949

Transfer of shares to PCA

Nil

11,142

Retention of shares

Nil

Nil

 

 

e)

Date of the transaction

2019-03-12

f)

Place of the transaction

Outside a trading venue (award of dividend equivalent shares, exercise of share awards and transfer 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

Marion Hoyles

2

Reason for the notification

a)

Position/status

Person Closely Associated with Robin Hoyles, 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

Acquisition of Ordinary Shares from spouse for nil consideration

c)

Price(s) and volume(s)

Price(s)    

 

GBP 0.00

Volume(s)

 

11,142

d)

Aggregated information

- Aggregated volume

- Price

Price(s)    

 

GBP 0.00

Volume(s)

 

11,142

e)

Date of the transaction

2019-03-12

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.   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

1,517

Acquisition of shares on exercise of DBP share award

Nil

9,401

Acquisition of shares on exercise of LTIP share award

Nil

7,202

Sale of shares

£3.85

7,833

Retention of shares

Nil

8,770

 

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

Aggregated Price(s)

Aggregated Volume(s)

Award of dividend equivalent shares

Nil

1,517

Acquisition of shares

Nil

16,603

Sale of shares

£3.85

7,833

Retention of shares

Nil

8,770

 

e)

Date of the transaction

2019-03-12

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

 

13 March 2019


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