Director/PDMR Shareholding

RNS Number : 7248X

Crest Nicholson Holdings PLC

23 February 2017

 

Crest Nicholson Holdings plc

LEI: 213800ROIFXRRRKVQD25

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")

LTIP Exercise

The Directors and PDMRs set out in the table below were granted options under the LTIP on 14 February 2014 (the "Options"). On 14 February 2017 100% of the awards granted under the Options became exercisable following satisfaction of the Performance Conditions (relating to return on capital employed, and growth in profit before tax per share).

On 22 February 2017, 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. The Company allotted shares from the Company's block listing facility to satisfy the exercise of the Options. Full details of the exercises and subsequent sales are set out below:

	Shares acquired upon exercise			Shares sold			Shares retained
Director/PDMR	Number	Percentage of total issued share capital	Exercise price	Number	Sale price per Share	Percentage of total issued share capital
Stephen Stone*	202,894	0.079	£1.00 in total	202,894	£5.2955	0.079	0
Patrick Bergin*	113,602	0.045	£1.00 in total	53,581	£5.2955	0.021	60,021
Chris Tinker*	73,322	0.029	£1.00 in total	34,583	£5.2955	0.014	38,739
Robin Hoyles	50,039	0.020	£1.00 in total	23,602	£5.2955	0.009	26,437
Darren Dancey	8,925	0.003	£1.00 in total	8,925	£5.2955	0.003	0
Kevin Maguire	39,390	0.015	£1.00 in total	18,579	£5.2955	0.007	20,811

*Denotes an Executive Director of the Company

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	Exercise of nil cost options (LTIP) and sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on exercise of share award Nil 202,894 Sale of shares £5.2955 202,894 Retention of shares Nil Nil
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Exercise Nil 202,894 Sale £5.2955 202,894 Retention Nil Nil
e)	Date of the transaction	2017-02-22
f)	Place of the transaction	Outside a trading venue (Exercise of nil cost options) 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 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	Exercise of nil cost options (LTIP) 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) Acquisition of shares on exercise of share award Nil 113,602 Sale of shares £5.2955 53,581 Retention of shares Nil 60,021
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Exercise Nil 113,602 Sale £5.2955 53,581 Retention Nil 60,021
e)	Date of the transaction	2017-02-22
f)	Place of the transaction	Outside a trading venue (Exercise of nil cost options 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	Exercise of nil cost options (LTIP) 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) Acquisition of shares on exercise of share award Nil 73,322 Sale of shares £5.2955 34,583 Retention of shares Nil 38,739
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Exercise Nil 73,322 Sale £5.2955 34,583 Retention Nil 38,739
e)	Date of the transaction	2017-02-22
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	Exercise of nil cost options (LTIP) 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) Acquisition of shares on exercise of share award Nil 50,039 Sale of shares £5.2955 23,602 Retention of shares Nil 26,437
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Exercise Nil 50,039 Sale £5.2955 23,602 Retention Nil 26,437
e)	Date of the transaction	2017-02-22
f)	Place of the transaction	Outside a trading venue (Exercise of nil cost options 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	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	Exercise of nil cost options (LTIP) and sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on exercise of share award Nil 8,925 Sale of shares £5.2955 8,925 Retention of shares Nil Nil
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Exercise Nil 8,925 Sale £5.2955 8,925 Retention Nil Nil
e)	Date of the transaction	2017-02-22
f)	Place of the transaction	Outside a trading venue (Exercise of nil cost options) 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	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	Exercise of nil cost options (LTIP) 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) Acquisition of shares on exercise of share award Nil 39,390 Sale of shares £5.2955 18,579 Retention of shares Nil 20,811
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Exercise Nil 39,390 Sale £5.2955 18,579 Retention Nil 20,811
e)	Date of the transaction	2017-02-22
f)	Place of the transaction	Outside a trading venue (Exercise of nil cost options and retention of shares) and XLON (sale of shares)

For further information please contact:

Kevin Maguire

Company Secretary                                                         [phone]

23 February 2017

 

END

 

 

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