Director/PDMR Shareholding

RNS Number : 8024S

Crest Nicholson Holdings PLC

13 March 2019

 

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") and the Crest Nicholson Holdings plc Deferred Bonus Plan (the "DBP").

On 26 February 2016 certain Directors and PDMRs were granted options under the LTIP and DBP (the "Options") exercisable after three years.

LTIP

On 26 February 2019 25% of the awards granted under the LTIP Options became exercisable following satisfaction of the performance conditions (relating to return on capital employed, and growth in profit before tax per share).

DBP

On 26 February 2019 the awards granted under the DBP also became exercisable following satisfaction of the three-year service period. In accordance with the rules of the plan, as part of the exercise additional shares have been added to each award, equivalent to the dividends payable during the service period.

Exercise of Options

On 12 March 2019, 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 or transferring it to Persons Closely Associated with them ("PCA"). The Options were satisfied using shares from the Employee Benefit Trust.

Full details are set out below:

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	Executive Chairman
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.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan. 2.   Exercise of share awards (LTIP & DBP) 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) Award of dividend equivalent shares Nil 6,263 Acquisition of shares on exercise of DBP share award Nil 38,751 Acquisition of shares on exercise of LTIP share award Nil 37,099 Sale of shares £3.85 35,777 Retention of shares Nil 40,073
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Award of dividend equivalent shares Nil 6,263 Acquisition of shares Nil 75,850 Sale of shares £3.85 35,777 Retention of shares Nil 40,073
e)	Date of the transaction	2019-03-12
f)	Place of the transaction	Outside a trading venue (award of dividend equivalent shares and exercise of share awards) 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 Executive 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.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan. 2.   Exercise of share awards (LTIP & DBP) 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) Award of dividend equivalent shares Nil 3,504 Acquisition of shares on exercise of DBP share award Nil 21,694 Acquisition of shares on exercise of LTIP share award Nil 20,772 Sale of shares £3.85 20,031 Retention of shares Nil 22,435
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Award of dividend equivalent shares Nil 3,504 Acquisition of shares Nil 42,466 Sale of shares £3.85 20,031 Retention of shares Nil 22,435
e)	Date of the transaction	2019-03-12
f)	Place of the transaction	Outside a trading venue (award of dividend equivalent shares, exercise of share awards 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	1.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan. 2.   Exercise of share awards (LTIP & DBP), sale of all DBP shares, and sale of LTIP Shares in part to fund the income tax and national insurance liability and retention of balance of LTIP shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award of dividend equivalent shares Nil 2,829 Acquisition of shares on exercise of DBP share award Nil 17,504 Acquisition of shares on exercise of LTIP share award Nil 13,407 Sale of shares £3.85 24,501 Retention of shares Nil 6,410
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Award of dividend equivalent shares Nil 2,829 Acquisition of shares Nil 30,911 Sale of shares £3.85 24,501 Retention of shares Nil 6,410
e)	Date of the transaction	2019-03-12
f)	Place of the transaction	Outside a trading venue (award of dividend equivalent shares, exercise of share awards 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	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.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan. 2.   Exercise of share awards (LTIP & DBP), sale of shares to fund the income tax and national insurance liability and transfer of balance of shares to PCA.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award of dividend equivalent shares Nil 1,927 Acquisition of shares on exercise of DBP share award Nil 11,942 Acquisition of shares on exercise of LTIP share award Nil 9,149 Sale of shares £3.85 9,949 Transfer of shares to PCA Nil 11,142 Retention of shares Nil Nil
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Award of dividend equivalent shares Nil 1,927 Acquisition of shares Nil 21,091 Sale of shares £3.85 9,949 Transfer of shares to PCA Nil 11,142 Retention of shares Nil Nil
e)	Date of the transaction	2019-03-12
f)	Place of the transaction	Outside a trading venue (award of dividend equivalent shares, exercise of share awards and transfer 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	Marion Hoyles
2	Reason for the notification
a)	Position/status	Person Closely Associated with Robin Hoyles, 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	Acquisition of Ordinary Shares from spouse for nil consideration
c)	Price(s) and volume(s)	Price(s)     GBP 0.00	Volume(s) 11,142
d)	Aggregated information - Aggregated volume - Price	Price(s)     GBP 0.00	Volume(s) 11,142
e)	Date of the transaction	2019-03-12
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.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan. 2.   Exercise of share awards (LTIP & DBP) and sale of shares in part 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) Award of dividend equivalent shares Nil 1,517 Acquisition of shares on exercise of DBP share award Nil 9,401 Acquisition of shares on exercise of LTIP share award Nil 7,202 Sale of shares £3.85 7,833 Retention of shares Nil 8,770
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Award of dividend equivalent shares Nil 1,517 Acquisition of shares Nil 16,603 Sale of shares £3.85 7,833 Retention of shares Nil 8,770
e)	Date of the transaction	2019-03-12
f)	Place of the transaction	Outside a trading venue (award of dividend equivalent shares and exercise of share awards) and XLON (sale of shares)

For further information please contact:

Kevin Maguire

Company Secretary                                                         [phone]

13 March 2019

 

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