Director/PDMR Shareholding

RNS Number : 2210Q

Cairn Homes plc

15 June 2015

Notification of Transactions of (1) Persons Discharging Managerial Responsibility and (2) Persons closely associated with Persons Discharging Managerial Responsibility

This form is intended for use by an issuer making a notification required by Rules 7.2 and 7.3 of the Central Bank of Ireland's Market Abuse Rules in relation to a person falling within either of the above categories of individual. These categories are defined in Regulation 12 (8) of the Market Abuse (Directive 2003/6/EC) Regulations 2005 and are detailed as part of this form.

All relevant boxes should be completed in block capital letters.

1	Name of the Issuer CAIRN HOMES P.L.C.	2	Name of person discharging managerial responsibilities MICHAEL STANLEY / KEVIN STANLEY
3	State whether notification relates to a person closely associated with a person discharging managerial responsibilities named in 2 and identify the connected person YES. THE NOTIFICATION IS BY STANBRO PROPERTY HOLDINGS LIMITED BEING A PERSON CLOSELY ASSOCIATED WITH MICHAEL STANLEY AND KEVIN STANLEY.	4	Indicate whether the notification is in respect of a holding of the person referred to in 2 or 3 above or in respect of a non-beneficial interest HOLDING OF STANBRO PROPERTY HOLDINGS LIMITED REFERRED TO AT 3 ABOVE. KEVIN STANLEY AND MICHAEL STANLEY (REFERRED TO AT 2 ABOVE) HAVE NO BENEFICIAL INTEREST IN THE SHARES, WHICH ARE THE SUBJECT OF THIS NOTIFICATION
5	Description of shares or derivatives or other financial instruments linked to them ORDINARY SHARES.	6	Name of registered shareholder(s) and, if more than one, number of shares or derivatives or other financial instruments linked to them, held by each shareholder STANBRO PROPERTY HOLDINGS LIMITED.
7	State the nature of the transaction SALE OF ORDINARY SHARES.	8	Number of shares, derivatives or other financial instruments linked to them acquired NONE.
9	Number of shares, derivatives or other financial instruments linked to them disposed of 2,000,000 ORDINARY SHARES.	10	Price per share or derivative or other financial instrument linked to them or value of transaction €1.065
11	Date and place of transaction 10 JUNE 2015 LONDON STOCK EXCHANGE	12	Date issuer informed of transaction 12 JUNE 2015
13	Any additional information	14	Name of contact and telephone number for queries EAMONN O'KENNEDY 01 6030886
	Name and signature of duly designated officer of issuer responsible for making notification ___________________EAMONN O'KENNEDY___________________________ Date of notification 15 JUNE 2015

Regulation 12(8) of the Market Abuse (Directive 2003/6/EC) Regulations 2005 ('the Regulations') provides that:

"person discharging managerial responsibilities", in relation to an issuer of financial instruments, means a person who is -

(a) a member of the administrative, management or supervisory bodies of the issuer, or

(b) a senior executive -

(i) who is not a member of the bodies referred to in paragraph (a) of this definition,

(ii) having regular access to inside information relating, directly or indirectly, to the issuer, and

(iii) having the power to make managerial decisions affecting the future developments and business prospects of the issuer.

"person closely associated", in relation to a person discharging managerial responsibilities within an issuer of financial instruments, means -

(a) the spouse of the person discharging managerial responsibilities,

(b) dependent children of the person discharging managerial responsibilities,

(c) other relatives of the person discharging managerial responsibilities, who have shared the same household as that person for at least one year on the date of the transaction concerned,

(d) any person -

(i) the managerial responsibilities of which are discharged by a person -

(i) discharging managerial responsibilities within the issuer, or

(ii) referred to in paragraph (a), (b) or (c) of this definition,

(ii) that is directly or indirectly controlled by a person referred to in subparagraph (i) of paragraph (d) of this definition,

(iii) that is set up for the benefit of a person referred to in subparagraph (i) of paragraph (d) of this definition, or

(iv) the economic interests of which are substantially equivalent to those of a person referred to in subparagraph (i) of paragraph (d) of this definition;

Notification of Transactions of (1) Persons Discharging Managerial Responsibility and (2) Persons closely associated with Persons Discharging Managerial Responsibility

All relevant boxes should be completed in block capital letters.

1	Name of the Issuer CAIRN HOMES P.L.C.	2	Name of person discharging managerial responsibilities MICHAEL STANLEY / KEVIN STANLEY
3	State whether notification relates to a person closely associated with a person discharging managerial responsibilities named in 2 and identify the connected person YES. THE NOTIFICATION IS BY STANBRO PROPERTY HOLDINGS LIMITED BEING A PERSON CLOSELY ASSOCIATED WITH MICHAEL STANLEY AND KEVIN STANLEY.	4	Indicate whether the notification is in respect of a holding of the person referred to in 2 or 3 above or in respect of a non-beneficial interest HOLDING OF STANBRO PROPERTY HOLDINGS LIMITED REFERRED TO AT 3 ABOVE. KEVIN STANLEY AND MICHAEL STANLEY (REFERRED TO AT 2 ABOVE) HAVE NO BENEFICIAL INTEREST IN THE SHARES, WHICH ARE THE SUBJECT OF THIS NOTIFICATION
5	Description of shares or derivatives or other financial instruments linked to them ORDINARY SHARES.	6	Name of registered shareholder(s) and, if more than one, number of shares or derivatives or other financial instruments linked to them, held by each shareholder STANBRO PROPERTY HOLDINGS LIMITED.
7	State the nature of the transaction SALE OF ORDINARY SHARES.	8	Number of shares, derivatives or other financial instruments linked to them acquired NONE.
9	Number of shares, derivatives or other financial instruments linked to them disposed of 200,000 ORDINARY SHARES.	10	Price per share or derivative or other financial instrument linked to them or value of transaction €1.057
11	Date and place of transaction 10 JUNE 2015 LONDON STOCK EXCHANGE	12	Date issuer informed of transaction 12 JUNE 2015
13	Any additional information	14	Name of contact and telephone number for queries EAMONN O'KENNEDY 01 6030886
	Name and signature of duly designated officer of issuer responsible for making notification ____________EAMONN O'KENNEDY__________________________________ Date of notification 15 JUNE 2015