HSTN.L Regulatory News (HSTN)

5 May 2017

Hansteen Holdings PLC

("Hansteen" or the "Company")

Notification of transactions of Director

On 4 May 2017 Richard Phillip Lowes, a director of the Company, was granted an award over 249,718 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 average Hansteen closing share price for the five days prior to 4 May 2017, being 124.14 pence.

The award will vest no earlier than 4 May 2020 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 4 May 2020.

The Notification of Dealing Form set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

PDMR notification - Richard Phillip Lowes

1. Details of the PDMR/person closely associated

● Name Richard Phillip Lowes

2. Reason for the notification

● Position/status Finance Director

● Initial notification/Amendment Initial notification

3. Details of the issuer

● Name Hansteen Holdings PLC

● Legal Entity Identifier Code 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

For further information:

Karen Rowe

Capita Company Secretarial Services Limited

+44 (0)20 7954 9569