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23 Apr 2009 17:59
23 April 2009
Hansteen Holdings plc
("Hansteen" or "the Company")
Grant of Options - PDMR
Hansteen (AIM: HSTN), the investor in continental European real estate, announces that following a meeting of the Remuneration Committee of the Company held on Tuesday 31 March 2009 approving the grant of options, a grant has been made on 20 April 2009 to the PDMR named below of share options pursuant to the rules of the Hansteen Holdings PLC 2005 Share Option scheme (Section B) at an exercise price of 71 pence per share. The vesting of the share options is subject to a three year retention period and is not subject to performance conditions.
|
PDMR |
Options Granted |
Total options held |
Number of ordinary shares of 10p each held in own name |
Percentage of issued share capital held in own name |
|
R P Lowes |
300,000 |
600,000 |
250,000 |
0.24% |
For further information:
|
Ian Watson/Morgan Jones |
David Davies/Matt Goode |
Jeremy Carey |
|
Hansteen Holdings plc |
KBC Peel Hunt |
Tavistock Communications |
|
Tel: 020 7016 8820 |
Tel: 020 7418 8900 |
Tel: 020 7920 3150 |
Notes to editors:
Hansteen Holdings plc is a property company formed by Morgan Jones and Ian Watson, the founders and former directors of Ashtenne Holdings plc.
Hansteen focuses on investing in industrial properties in Continental Europe, which have higher yields, cheaper financing costs and greater opportunity for value improvement through asset management than can be achieved currently in the UK. It will also seek to profit from opportunistic acquisitions in other property sectors both in the UK and abroad.
Hansteen is listed on AIM, trading under the symbol HSTN.
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