20 Apr 2018 09:11
20 April 2018
Hansteen Holdings PLC
("Hansteen" or the "Company")
Director/PDMR Shareholding
On 20 April 2018 Richard Phillip Lowes, a director of the Company, was granted an award over 249,729 Ordinary Shares in the Company pursuant to the Rules of the Performance Share Plan 2012 in the form of nil cost options (i.e. no exercise price is payable when the options are exercised). The value of the award was calculated by reference to the Hansteen closing share price on 19 April 2018, being 129.10 pence.
The award will vest no earlier than 20 April 2021 subject to achievement of performance conditions measured over a three year performance period. 50% of the award will vest by reference to the Company's Total Shareholder Return performance and 50% by reference to growth in the Company's EPRA Net Asset Value per share relative, in each case, to a comparator group comprising a peer group of companies in the property sector over the performance period.
To the extent that the award vests, the nil cost options will be exercisable in three equal annual tranches over a two year period, the first tranche being exercisable no earlier than 20 April 2021.
The Notification of Dealing Form set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Richard Lowes | ||
2 | Reason for the notification | |||
a) | Position/status | 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 | Hansteen Holdings PLC | ||
b) | LEI | 2138007274QQL9KBWY58 | ||
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 £0.10 each in the capital of Hansteen Holdings PLC GB00B0PPFY88 | ||
b) | Nature of transaction | Grant of options over Ordinary Shares pursuant to Hansteen Holdings PLC Performance Share Plan 2012 | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
nil | 249,729 | |||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Total |
nil | 249,729 | nil | ||
e) | Date of the transaction | 20 April 2018 | ||
f) | Place of the transaction | London Stock Exchange | ||
For further information:
Marco Murray
Link Company Matters Limited
Company Secretary
Tel: 020 7954 9792