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3 Mar 2017 09:49
Crest Nicholson Holdings plc
LEI: 213800ROIFXRRRKVQD25
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 Deferred Bonus Plan (the "DBP")
1. LTIP
The following Directors and PDMRs have been granted options (exercisable at nil-cost) over 589,206 Ordinary Shares of 5 pence each in the Company (the "LTIP Options") on 28 February 2017:
Director/PDMR | Number of shares over which option granted |
Stephen Stone* | 149,216 |
Patrick Bergin* | 103,400 |
Robert Allen* | 179,227 |
Chris Tinker* | 55,541 |
Robin Hoyles | 37,904 |
Kevin Maguire | 29,838 |
Darren Dancey | 34,080 |
*Denotes an Executive Director of the Company
Subject to Performance Conditions in respect of profit before tax per share and return on capital employed and certain other conditions in respect of service and conduct attached to the awards, the LTIP Options are exercisable between 2020 and 2027. The number of shares subject to the LTIP Options has been calculated based on the closing middle market share price on 27 February 2017 in accordance with the rules of the Plan and no payment was required for the grant of the LTIP Options.
2. DBP
The following Directors and PDMRs have been granted options (exercisable at nil-cost) over 88,897 Ordinary Shares of 5 pence each in the Company (the "DBP Options") on 28 February 2017 representing the element of annual bonus deferred for three years:
Director/PDMR | Number of shares over which option granted |
Stephen Stone* | 33,484 |
Patrick Bergin* | 18,748 |
Chris Tinker* | 15,125 |
Robin Hoyles | 10,322 |
Kevin Maguire | 8,125 |
Darren Dancey | 3,093 |
*Denotes an Executive Director of the Company
Subject to certain conditions in respect of service and conduct attached to the awards, the DBP Options are exercisable between 2020 and 2027. The number of shares subject to the DBP Options has been calculated based on the closing middle market share price on 27 February 2017 in accordance with the rules of the Plan and no payment was required for the grant of the DBP Options.
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 nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
2. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
| ||||||||||
c) | Price(s) and volume(s) |
| ||||||||||
d) | Aggregated information - Aggregated volume - Price | Price(s)
GBP Nil
| Volume(s)
182,700 | |||||||||
e) | Date of the transaction | 2017-02-28 | ||||||||||
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 nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
2. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
| ||||||||||
c) | Price(s) and volume(s) |
| ||||||||||
d) | Aggregated information - Aggregated volume - Price | Price(s)
GBP Nil
| Volume(s)
122,148 | |||||||||
e) | Date of the transaction | 2017-02-28 | ||||||||||
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 | Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
| |
c) | Price(s) and volume(s) | Price(s)
GBP Nil
| Volume(s)
179,227 |
d) | Aggregated information - Aggregated volume - Price | Price(s)
GBP Nil
| Volume(s)
179,227 |
e) | Date of the transaction | 2017-02-28 | |
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 nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
2. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
| ||||||||||
c) | Price(s) and volume(s) |
| ||||||||||
d) | Aggregated information - Aggregated volume - Price | Price(s)
GBP Nil
| Volume(s)
70,666 | |||||||||
e) | Date of the transaction | 2017-02-28 | ||||||||||
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 nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
2. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
| ||||||||||
c) | Price(s) and volume(s) |
| ||||||||||
d) | Aggregated information - Aggregated volume - Price | Price(s)
GBP Nil
| Volume(s)
48,226 | |||||||||
e) | Date of the transaction | 2017-02-28 | ||||||||||
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 | 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 | 1. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
2. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
| ||||||||||
c) | Price(s) and volume(s) |
| ||||||||||
d) | Aggregated information - Aggregated volume - Price | Price(s)
GBP Nil
| Volume(s)
37,173 | |||||||||
e) | Date of the transaction | 2017-02-28 | ||||||||||
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 nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
2. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
| ||||||||||
c) | Price(s) and volume(s) |
| ||||||||||
d) | Aggregated information - Aggregated volume - Price | Price(s)
GBP Nil
| Volume(s)
37,963 | |||||||||
e) | Date of the transaction | 2017-02-28 | ||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||
For further information please contact:
Kevin Maguire
Company Secretary +44 (0) 1932 580 555
3 March 2017
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