Director/PDMR Shareholding

RNS Number : 1828C

Crest Nicholson Holdings PLC

06 February 2020

 

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 transaction by Peter Truscott, Chief Executive of the Company.

Buy Out Arrangement

As announced on 26 March 2019, during the recruitment process the Company committed to certain buy out awards to replace those lost by Peter Truscott by virtue of leaving his previous employer, Galliford Try plc, to join Crest Nicholson.

Pursuant to the buy out arrangement, on 3 February 2020 shares as set out below were delivered to Peter Truscott from the Employee Benefit Trust. Peter proceeded to sell sufficient shares to meet income tax and national insurance liabilities, retaining the balance in accordance with the Minimum Shareholding Policy.

Full details of the buy out arrangement will be available in the Remuneration Report for the year ended 31 October 2019 within our Annual Integrated Report 2019 due to be published week commencing 17 February 2020.

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	Peter Truscott
2	Reason for the notification
a)	Position/status	Chief Executive, 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.   Delivery of shares in respect of buy out arrangement agreed on recruitment. 2.   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) Delivery of shares in respect of buy out arrangement Nil 143,719 Sale of shares for tax and national insurance £4.979020 67,548 Retention of shares Nil 76,171
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) Delivery of shares in respect of buy out arrangement Nil 143,719 Sale of shares for tax and national insurance £4.979020 67,548 Retention of shares Nil 76,171
e)	Date of the transaction	2019-02-03
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

Enquiries:

Kevin Maguire

General Counsel & Company Secretary

01932 580 555

6 February 2020

 

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