Director/PDMR Shareholding

RNS Number : 5877G

Crest Nicholson Holdings PLC

02 March 2018

 

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 2018 Deferred Bonus Plan (the "DBP")

1.   LTIP

The following Directors and PDMRs have been granted awards over 243,849 Ordinary Shares of 5 pence each in the Company (the "LTIP Awards") on 28 February 2018:

Director/PDMR	Number of shares over which award granted
Robert Allen*	102,642
Chris Tinker*	63,616
Robin Hoyles	43,415
Kevin Maguire	34,176

*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 28 February 2021. The number of shares subject to the LTIP Awards has been calculated based on the closing middle market share price on 27 February 2018 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 2017 Annual Integrated Report published on 12^th February 2018.

In accordance with the Company's announcement on 24^th January 2018 of the appointment of Patrick Bergin as Chief Executive Officer from the 22^nd March 2018 (the date of the Company's Annual General Meeting) and the appointment of Stephen Stone to Executive Chairman from the same date, no LTIP Awards have been made to either Director. Stephen Stone will not be receiving any new LTIP Awards, and Patrick Bergin's award will be made after he becomes Chief Executive Officer and a further announcement will be made at that time.

2.   DBP

The following Directors and PDMRs have been granted awards over 123,941 Ordinary Shares of 5 pence each in the Company (the "DBP Awards") on 28 February 2018 representing the element of annual bonus deferred for three years:

Director/PDMR	Number of shares over which award granted
Stephen Stone*	38,147
Patrick Bergin*	26,434
Robert Allen*	16,382
Chris Tinker*	19,362
Robin Hoyles	13,214
Kevin Maguire	10,402

*Denotes an Executive Director of the Company

Subject to certain conditions in respect of service and conduct, the DBP Awards vest on 28 February 2021. The number of shares subject to the DBP Awards has been calculated based on the closing middle market share price on 27 February 2018 in accordance with the rules of the Plan and no payment was required for the grant of the DBP Awards.

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 share award over Ordinary Shares under the Crest Nicholson Holdings plc 2018 Deferred Bonus Plan ("DBP").
c)	Price(s) and volume(s)	Price(s)     GBP Nil	Volume(s) 38,417
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP Nil	Volume(s) 38,417
e)	Date of the transaction	2018-02-28
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 share award over Ordinary Shares under the Crest Nicholson Holdings plc 2018 Deferred Bonus Plan ("DBP").
c)	Price(s) and volume(s)	Price(s)     GBP Nil	Volume(s) 26,434
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP Nil	Volume(s) 26,434
e)	Date of the transaction	2018-02-28
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	1.   Grant of share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). 2.   Grant of share award over Ordinary Shares under the Crest Nicholson Holdings plc 2018 Deferred Bonus Plan ("DBP").
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP Nil 102,642 DBP Nil 16,382
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP Nil	Volume(s) 119,024
e)	Date of the transaction	2018-02-28
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 share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). 2.   Grant of share award over Ordinary Shares under the Crest Nicholson Holdings plc 2018 Deferred Bonus Plan ("DBP").
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP Nil 63,616 DBP Nil 19,362
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP Nil	Volume(s) 82,978
e)	Date of the transaction	2018-02-28
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 share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). 2.   Grant of share award over Ordinary Shares under the Crest Nicholson Holdings plc 2018 Deferred Bonus Plan ("DBP").
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP Nil 43,415 DBP Nil 13,214
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP Nil	Volume(s) 56,629
e)	Date of the transaction	2018-02-28
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 share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). 2.   Grant of share award over Ordinary Shares under the Crest Nicholson Holdings plc 2018 Deferred Bonus Plan ("DBP").
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP Nil 34,176 DBP Nil 10,402
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP Nil	Volume(s) 44,578
e)	Date of the transaction	2018-02-28
f)	Place of the transaction	Outside a trading venue

For further information please contact:

Kevin Maguire

Company Secretary                                                         [phone]

2 March 2018

 

END

 

 

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