17 Oct 2017 16:39
17 October 2017
Hansteen Holdings PLC
("Hansteen" or the "Company")
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
On 16 October 2017, the directors of the Company listed below exercised their vested Performance Share Plan nil cost options (i.e. no exercise price is payable when the options are exercised) pursuant to the Rules of the Performance Share Plan 2012. The awards vested between 11 June 2014 and 11 June 2017 and were subject to achievement of the following performance conditions measured over a three year performance period:
· 50% of the award will vest by reference to the Company's Total Shareholder Return over the performance period ranking relative to a Comparator Group of Real Estate Investment Trusts approved by the Remuneration Committee; and
· 50% of the award will vest by reference to the Company's EPRA Net Asset Value per share growth from investing in the Company over the performance period ranking relative to the same Comparator Group.
No consideration is due on these options upon exercise.
Name | Director/ PDMR | Number of shares awarded on PSP 1 award 9 July 2012 and exercisable | Number of shares awarded on PSP 2 award 9 July 2012 and exercisable | Number of shares awarded on PSP 3 award 28 March 2013 and exercisable | Number of shares awarded on PSP 4 award 10 April 2014 and exercisable | Number of shares awarded attributable to dividends payable over the period from grant to exercise | Total shares awarded and exercisable including shares attributable to dividends
| Shares sold to cover tax and National Insurance Contributions and dealing costs at a share price of 135.15p | Shares retained by individual |
Morgan Jones | Director | 218,694 | 194,395 | 86,907 | 47,074 | 121,087 | 668,157 | 316,707 | 351,450 |
Ian Richard Watson | Director | 218,694 | 194,395 | 86,907 | 47,074 | 121,087 | 668,157 | 316,707 | 351,450 |
Richard Philip Lowes | Director | 142,152 | 126,357 | 55,005 | 29,775 | 78,237 | 431,526 | 204,544 | 226,982 |
The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Ian Watson | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Executive Officer - 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 | 1. Exercise of options over 668,157 Ordinary Shares pursuant to Hansteen Holdings PLC Performance Share Plan 2012 2. Sale of 316,707 shares to cover tax, NI contribution and dealing costs. The balance of 351,450 shares retained. | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
1. nil | 1. 668,157 | |||
2. 135.15p | 2. 316,707 | |||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Total |
1 nil | 1 668,157 | 1 nil | ||
2 135.15p | 2 316,707 | 2 £428,029.51 | ||
e) | Date of the transaction | 16 October 2017 | ||
f) | Place of the transaction | London Stock Exchange | ||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Morgan Jones | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Executive Officer - 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 | 1 Exercise of options over 668,157 Ordinary Shares pursuant to Hansteen Holdings PLC Performance Share Plan 2012 2 Sale of 316,707 shares to cover tax, NI contribution and dealing costs. The balance of 351,450 shares retained. | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
1. nil | 1. 668,157 | |||
2. 135.15p | 2. 316,707 | |||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Total |
1 nil | 1 668,157 | 1 nil | ||
2 135.15p | 2 316,707 | 2 £428,029.51 | ||
e) | Date of the transaction | 16 October 2017 | ||
f) | Place of the transaction | London Stock Exchange | ||
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 | 1 Exercise of options over 431,526 Ordinary Shares pursuant to Hansteen Holdings PLC Performance Share Plan 2012 2 Sale of 204,544 shares to cover tax, NI contribution and dealing costs. The balance of 226,982 shares retained. | |||
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | ||
1. nil | 1. 431,526 | ||||
2. 135.15p | 2. 204,544 | ||||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Price | |
1 nil | 1 431,526 | 1 nil | |||
2 135.15p | 2 204,544 | 2 £276,441.22 | |||
e) | Date of the transaction | 16 October 2017 | |||
f) | Place of the transaction | London Stock Exchange | |||
For further information:
Karen Rowe
Capita Company Secretarial Services Limited
+44 (0)20 7954 9569