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Director/PDMR Shareholding

19 Feb 2014 08:05

RNS Number : 4089A
Crest Nicholson Holdings PLC
19 February 2014
 



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

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