Director/PDMR Shareholding

RNS Number : 1076E
Crest Nicholson Holdings PLC
25 February 2020
 

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 Crest Nicholson Holdings plc Long-Term Incentive Plan (the 'LTIP').

 

The following Directors and PDMRs have been granted awards over 556,342 Ordinary Shares of 5 pence each in the Company (the 'LTIP Awards') on 20 February 2020:

 

Director/PDMR

Number of shares over which award granted

Peter Truscott*

253,016

Duncan Cooper*

106,558

Tom Nicholson*

109,186

David Marchant

50,603

Kevin Maguire

36,979

*Denotes an Executive Director of the Company

 

Subject to performance conditions in respect of earnings per share and return on capital employed and certain other conditions in respect of service and conduct, the LTIP Awards vest on 20 February 2023. The number of shares subject to the LTIP Awards has been calculated based on the average of the closing middle market quotation of a share in the Company for the five preceding dealing days to the grant date of 20 February 2020 in accordance with the rules of the Plan and no payment was required for the grant of the LTIP Awards. Details of the performance conditions can be found in the Company's 2019 Annual Integrated Report published on 17 February 2020.

 

All awards are subject to withholding and recovery provisions.

 

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

 

a)

Name

Peter Truscott

2

 

Reason for the notification

a)

Position/status

Chief Executive, Director

b)

Initial notification/ Amendment

Initial notification

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 share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ('LTIP').

c)

Price(s) and volume(s)

Price(s) 

 

 Nil

 

Volume(s)

 

 253,016

d)

Aggregated information

- Aggregated volume

- Price

Price(s) 

 

 Nil

 

Volume(s)

 

  253,016

e)

Date of the transaction

2020-02-20

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

Duncan Cooper

2

 

Reason for the notification

a)

Position/status

Group Finance Director, Director

b)

Initial notification/ Amendment

Initial notification

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 share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ('LTIP').

c)

Price(s) and volume(s)

Price(s) 

 

Nil

 

Volume(s)

 

  106,558

d)

Aggregated information

- Aggregated volume

- Price

Price(s) 

 

Nil

 

 

Volume(s)

 

106,558

e)

Date of the transaction

2020-02-20

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

Tom Nicholson

2

 

Reason for the notification

a)

Position/status

Chief Operating Officer, Director

b)

Initial notification/ Amendment

Initial notification

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 share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ('LTIP').

c)

Price(s) and volume(s)

Price(s) 

 

Nil

 

Volume(s)

 

  109,186

d)

Aggregated information

- Aggregated volume

- Price

Price(s) 

 

Nil

 

Volume(s)

 

109,186

e)

Date of the transaction

2020-02-20

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

David Marchant

2

 

Reason for the notification

a)

Position/status

Group Production Director, PDMR

b)

Initial notification/ Amendment

Initial notification

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 share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP").

c)

Price(s) and volume(s)

Price(s) 

 

Nil

 

Volume(s)

 

50,603

d)

Aggregated information

- Aggregated volume

- Price

Price(s) 

 

Nil

 

Volume(s)

 

50,603

e)

Date of the transaction

2020-02-20

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

General Counsel & Company Secretary, PDMR

b)

Initial notification/ Amendment

Initial notification

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 share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ('LTIP').

c)

Price(s) and volume(s)

Price(s) 

 

Nil

 

Volume(s)

 

36,979

d)

Aggregated information

- Aggregated volume

- Price

Price(s) 

 

Nil

 

Volume(s)

 

36,979

e)

Date of the transaction

2020-02-20

Place of the transaction

Outside a trading venue

 

 

For further information please contact:

Kevin Maguire

General Counsel & Company Secretary 

+44 (0) 1932 580 555

 

25 February 2020


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