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23 Feb 2017 16:26
Crest Nicholson Holdings plc
LEI: 213800ROIFXRRRKVQD25
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")
LTIP Exercise
The Directors and PDMRs set out in the table below were granted options under the LTIP on 14 February 2014 (the "Options"). On 14 February 2017 100% of the awards granted under the Options became exercisable following satisfaction of the Performance Conditions (relating to return on capital employed, and growth in profit before tax per share).
On 22 February 2017, 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. The Company allotted shares from the Company's block listing facility to satisfy the exercise of the Options. Full details of the exercises and subsequent sales are set out below:
Shares acquired upon exercise | Shares sold | Shares retained | |||||
Director/PDMR | Number | Percentage of total issued share capital | Exercise price | Number | Sale price per Share | Percentage of total issued share capital | |
Stephen Stone* | 202,894 | 0.079 | £1.00 in total | 202,894 | £5.2955 | 0.079 | 0 |
Patrick Bergin* | 113,602 | 0.045 | £1.00 in total | 53,581 | £5.2955 | 0.021 | 60,021 |
Chris Tinker* | 73,322 | 0.029 | £1.00 in total | 34,583 | £5.2955 | 0.014 | 38,739 |
Robin Hoyles | 50,039 | 0.020 | £1.00 in total | 23,602 | £5.2955 | 0.009 | 26,437 |
Darren Dancey | 8,925 | 0.003 | £1.00 in total | 8,925 | £5.2955 | 0.003 | 0 |
Kevin Maguire | 39,390 | 0.015 | £1.00 in total | 18,579 | £5.2955 | 0.007 | 20,811 |
*Denotes an Executive Director of the Company
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 | Exercise of nil cost options (LTIP) and sale of shares | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
e) | Date of the transaction | 2017-02-22 | ||||||||||||
f) | Place of the transaction | Outside a trading venue (Exercise of nil cost options) 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 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 | Exercise of nil cost options (LTIP) 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) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
e) | Date of the transaction | 2017-02-22 | ||||||||||||
f) | Place of the transaction | Outside a trading venue (Exercise of nil cost options 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 | Exercise of nil cost options (LTIP) 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) |
| ||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||||||||
e) | Date of the transaction | 2017-02-22 | ||||||||||||||||||
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 | Exercise of nil cost options (LTIP) 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) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
e) | Date of the transaction | 2017-02-22 | ||||||||||||
f) | Place of the transaction | Outside a trading venue (Exercise of nil cost options 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 | Darren Dancey | ||||||||||||
2
| Reason for the notification | |||||||||||||
a) | Position/status | Group Design and Technical 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 | Exercise of nil cost options (LTIP) and sale of shares | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
e) | Date of the transaction | 2017-02-22 | ||||||||||||
f) | Place of the transaction | Outside a trading venue (Exercise of nil cost options) 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 | 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 | Exercise of nil cost options (LTIP) 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) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
e) | Date of the transaction | 2017-02-22 | ||||||||||||
f) | Place of the transaction | Outside a trading venue (Exercise of nil cost options and retention of shares) and XLON (sale of shares) | ||||||||||||
For further information please contact:
Kevin Maguire
Company Secretary +44 (0) 1932 580 555
23 February 2017
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