Director/PDMR Shareholding

RNS Number : 4636Y

Crest Nicholson Holdings PLC

03 March 2017

 

Crest Nicholson Holdings plc

LEI: 213800ROIFXRRRKVQD25

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 Deferred Bonus Plan (the "DBP")

1.   LTIP

The following Directors and PDMRs have been granted options (exercisable at nil-cost) over 589,206 Ordinary Shares of 5 pence each in the Company (the "LTIP Options") on 28 February 2017:

Director/PDMR	Number of shares over which option granted
Stephen Stone*	149,216
Patrick Bergin*	103,400
Robert Allen*	179,227
Chris Tinker*	55,541
Robin Hoyles	37,904
Kevin Maguire	29,838
Darren Dancey	34,080

*Denotes an Executive Director of the Company

Subject to Performance Conditions in respect of profit before tax per share and return on capital employed and certain other conditions in respect of service and conduct attached to the awards, the LTIP Options are exercisable between 2020 and 2027. The number of shares subject to the LTIP Options has been calculated based on the closing middle market share price on 27 February 2017 in accordance with the rules of the Plan and no payment was required for the grant of the LTIP Options.

2.   DBP

The following Directors and PDMRs have been granted options (exercisable at nil-cost) over 88,897 Ordinary Shares of 5 pence each in the Company (the "DBP Options") on 28 February 2017 representing the element of annual bonus deferred for three years:

Director/PDMR	Number of shares over which option granted
Stephen Stone*	33,484
Patrick Bergin*	18,748
Chris Tinker*	15,125
Robin Hoyles	10,322
Kevin Maguire	8,125
Darren Dancey	3,093

*Denotes an Executive Director of the Company

Subject to certain conditions in respect of service and conduct attached to the awards, the DBP Options are exercisable between 2020 and 2027. The number of shares subject to the DBP Options has been calculated based on the closing middle market share price on 27 February 2017 in accordance with the rules of the Plan and no payment was required for the grant of the DBP Options.

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 nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied. 2.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP Nil 149,216 DBP Nil 33,484
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP Nil	Volume(s) 182,700
e)	Date of the transaction	2017-02-28
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 nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied. 2.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP Nil 103,400 DBP Nil 18,748
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP Nil	Volume(s) 122,148
e)	Date of the transaction	2017-02-28
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	Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
c)	Price(s) and volume(s)	Price(s)     GBP Nil	Volume(s) 179,227
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP Nil	Volume(s) 179,227
e)	Date of the transaction	2017-02-28
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 nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied. 2.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP Nil 55,541 DBP Nil 15,125
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP Nil	Volume(s) 70,666
e)	Date of the transaction	2017-02-28
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 nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied. 2.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP Nil 37,904 DBP Nil 10,322
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP Nil	Volume(s) 48,226
e)	Date of the transaction	2017-02-28
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	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	1.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied. 2.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP Nil 34,080 DBP Nil 3,093
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP Nil	Volume(s) 37,173
e)	Date of the transaction	2017-02-28
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 nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied. 2.   Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP Nil 29,838 DBP Nil 8,125
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP Nil	Volume(s) 37,963
e)	Date of the transaction	2017-02-28
f)	Place of the transaction	Outside a trading venue

For further information please contact:

Kevin Maguire

Company Secretary                                                         [phone]

3 March 2017

 

END

 

 

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