Last checked at 19 Feb 2014 08:05
Crest Nicholson Holdings plc
Director/PDMR Shareholding
In accordance with the requirements of D.T.R 3.1.2, Crest Nicholson Holdings plc (the "Company") was notified on 18 February 2014 of the following transactions by Persons Discharging Managerial Responsibility ("PDMRs").
The following PDMRs have been granted options (exercisable at nil-cost) over 697,517 Ordinary Shares of 5 pence each in the Company (the "Options"), under the Crest Nicholson Holdings plc Long-Term Incentive Plan (the "LTIP") and the Crest Nicholson Holdings plc Deferred Bonus Plan (the "DBP") on 14 February 2014 as shown below:
LTIP
PDMR | Number of shares over which option granted |
Stephen Stone | 202,894 |
Patrick Bergin | 113,602 |
Chris Tinker | 73,322 |
Steve Evans | 62,518 |
Robin Hoyles | 50,039 |
Kevin Maguire | 39,390 |
No payment was required for the grant of the Options.
Subject to the performance conditions attached to the awards being met (relating to profit before tax per share and return on capital employed), the Options are exercisable between 2017 and 2024.
Further details of the LTIP can be found in the Company's IPO Prospectus dated 13 February 2013 and the Company's 2013 Annual Report published on 17 February 2014.
The number of shares subject to the Options has been calculated based on the closing share price on 13 February 2014 in accordance with the rules of the plan.
DBP
PDMR | Number of shares over which option granted |
Stephen Stone | 54,170 |
Patrick Bergin | 30,330 |
Chris Tinker | 23,491 |
Steve Evans | 20,030 |
Robin Hoyles | 16,032 |
Kevin Maguire | 11,699 |
No payment was required for the grant of the Options.
Subject to certain conditions in respect of service and conduct attached to the awards being met, the Options are exercisable between 2015 and 2024. Further details of the DBP can be found in the Company's IPO Prospectus dated 13 February 2013 and the Company's 2013 Annual Report published on 17 February 2014.
The number of shares subject to the Options has been calculated based on the closing share price on 13 February 2014 in accordance with the rules of the plan.
Exercise of Pre-IPO Share Options
In accordance with the requirements of D.T.R 3.1.2, Crest Nicholson Holdings plc (the "Company") was notified on 18 February 2014 that the following PDMRs exercised options on 18 February 2014 granted to them on 11 February 2013 under the Company's pre-IPO share incentive arrangements over Ordinary Shares of 5 pence each in the Company (Shares) held by the Company's employee benefit trust, as detailed below.
The table below sets out the number of Shares acquired upon exercise and retained by those PDMRs, the exercise price, and total shareholdings following this notification. Sufficient shares have been sold to meet relevant exercise costs, tax and statutory deductions.
PDMR | Share acquired upon exercise |
Exercise price | Shares sold | Shares retained | |||
Number | Percentage of total issued share capital | Number | Sale price | Percentage of total issued share capital | |||
Patrick Bergin | 283,284 | 0.11% | £1.00 in total | 133,612 | £3.7683 | 0.05% | 149,672 |
Steve Evans | 111,825 | 0.04% | £1.00 in total | 52,743 | £3.7683 | 0.02% | 59,082 |
Robin Hoyles | 169,771 | 0.07% | £1.00 in total | 80,073 | £3.7683 | 0.03% | 89,698 |
Kevin Maguire | 169,772 | 0.07% | £1.00 in total | 80,074 | £3.7683 | 0.03% | 89,698 |
Following the above grant and exercise of options, the Company confirms that at the date of this announcement, each of those PDMRs holds the following total number of options over Ordinary Shares of 5 pence each in the Company as follows:
PDMR | Total shareholding following transactions (including holdings of connected persons) | Total shareholding following transactions (as a percentage of total issued share capital) | Total number of shares over which options held |
Stephen Stone | 4,667,603 | 1.9% | 796,507 |
Patrick Bergin | 1,199,837 | 0.5% | 447,575 |
Chris Tinker | 2,532,748 | 0.9% | 357,503 |
Steve Evans | 1,284,403 | 0.5% | 210,014 |
Robin Hoyles | 395,388 | 0.2% | 168,821 |
Kevin Maguire | 256,134 | 0.1% | 127,053 |
For further information please contact:
Kevin Maguire
Company Secretary +44 (0) 1932 580 555