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Director/PDMR Shareholding

2 Mar 2018 15:19

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 12th February 2018.

 

In accordance with the Company's announcement on 24th January 2018 of the appointment of Patrick Bergin as Chief Executive Officer from the 22nd 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 +44 (0) 1932 580 555

 

2 March 2018

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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