REG - Crest Nicholson Hdgs - Director/PDMR Shareholding - Replacement

Crest Nicholson HoldingsAnnouncement

05/03/2018 11:35

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RNS Number : 6952G
Crest Nicholson Holdings PLC
05 March 2018
 
This announcement replaces previous RNS announcement 5877G released at 15:19
on the 2(nd) March 2018. Amendments have been made to section 4 c) and d) of
the first notification form below. All other information remains unchanged.
Crest Nicholson Holdings plc
Director/PDMR Shareholding - AMENDMENT
 
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 2018 Deferred Bonus Plan (the "DBP")
 
1.   LTIP
The following Directors and PDMRs have been granted awards over 243,849
Ordinary Shares of 5 pence each in the Company (the "LTIP Awards") on 28
February 2018:
 
 Director/PDMR  Number of shares over which award granted
 Robert Allen*  102,642
 Chris Tinker*  63,616
 Robin Hoyles   43,415
 Kevin Maguire  34,176
*Denotes an Executive Director of the Company
 
Subject to performance conditions in respect of earnings per share and return
on capital employed and certain other conditions in respect of service and
conduct, the LTIP Awards vest on 28 February 2021. The number of shares
subject to the LTIP Awards has been calculated based on the closing middle
market share price on 27 February 2018 in accordance with the rules of the
Plan and no payment was required for the grant of the LTIP Awards. Details of
the performance conditions can be found in the Company's 2017 Annual
Integrated Report published on 12(th) February 2018.
 
In accordance with the Company's announcement on 24(th) January 2018 of the
appointment of Patrick Bergin as Chief Executive Officer from the 22(nd) March
2018 (the date of the Company's Annual General Meeting) and the appointment of
Stephen Stone to Executive Chairman from the same date, no LTIP Awards have
been made to either Director. Stephen Stone will not be receiving any new LTIP
Awards, and Patrick Bergin's award will be made after he becomes Chief
Executive Officer and a further announcement will be made at that time.
 
2.   DBP
 
The following Directors and PDMRs have been granted awards over 123,941
Ordinary Shares of 5 pence each in the Company (the "DBP Awards") on 28
February 2018 representing the element of annual bonus deferred for three
years:
 
 Director/PDMR    Number of shares over which award granted
 Stephen Stone*   38,147
 Patrick Bergin*  26,434
 Robert Allen*    16,382
 Chris Tinker*    19,362
 Robin Hoyles     13,214
 Kevin Maguire    10,402
*Denotes an Executive Director of the Company
 
Subject to certain conditions in respect of service and conduct, the DBP
Awards vest on 28 February 2021. The number of shares subject to the DBP
Awards has been calculated based on the closing middle market share price on
27 February 2018 in accordance with the rules of the Plan and no payment was
required for the grant of the DBP Awards.
 
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                              Amendment
 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  Ordinary Shares of £0.05
      Identification code
                                                                   GB00B8VZXT93
 b)   Nature of the transaction                                    1.   Grant of share award over Ordinary Shares under the Crest Nicholson
                                                                   Holdings plc 2018 Deferred Bonus Plan ("DBP").
 c)   Price(s) and volume(s)                                       Price(s)                                Volume(s)
                                                                   GBP Nil                                 38,147
 d)   Aggregated information                                       Price(s)                                Volume(s)
      - Aggregated volume
      - Price                                                      GBP Nil                                 38,147
 e)   Date of the transaction                                      2018-02-28
 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  Ordinary Shares of £0.05
      Identification code
                                                                   GB00B8VZXT93
 b)   Nature of the transaction
                                                                   1.   Grant of share award over Ordinary Shares under the Crest Nicholson
                                                                   Holdings plc 2018 Deferred Bonus Plan ("DBP").
 c)   Price(s) and volume(s)                                       Price(s)                                Volume(s)
                                                                   GBP Nil                                 26,434
 d)   Aggregated information                                       Price(s)                                Volume(s)
      - Aggregated volume
      - Price                                                      GBP Nil                                 26,434
 e)   Date of the transaction                                      2018-02-28
 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  Ordinary Shares of £0.05
      Identification code
                                                                   GB00B8VZXT93
 b)   Nature of the transaction                                    1.   Grant of share award over Ordinary Shares under the Crest Nicholson
                                                                   Holdings plc Long Term Incentive Plan ("LTIP").
                                                                   2.   Grant of share award over Ordinary Shares under the Crest Nicholson
                                                                   Holdings plc 2018 Deferred Bonus Plan ("DBP").
 c)   Price(s) and volume(s)
      Price(s)  Volume(s)
                                                                   LTIP  Nil       102,642
                                                                   DBP   Nil       16,382
 d)   Aggregated information                                       Price(s)                                Volume(s)
      - Aggregated volume
      - Price                                                      GBP Nil                                 119,024
 e)   Date of the transaction                                      2018-02-28
 f)   Place of the transaction                                     Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
 
GBP Nil
 
 
Volume(s)
 
119,024
e)
Date of the transaction
2018-02-28
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  Ordinary Shares of £0.05
      Identification code
                                                                   GB00B8VZXT93
 b)   Nature of the transaction                                    1.   Grant of share award over Ordinary Shares under the Crest Nicholson
                                                                   Holdings plc Long Term Incentive Plan ("LTIP").
                                                                   2.   Grant of share award over Ordinary Shares under the Crest Nicholson
                                                                   Holdings plc 2018 Deferred Bonus Plan ("DBP").
 c)   Price(s) and volume(s)
      Price(s)  Volume(s)
                                                                   LTIP  Nil       63,616
                                                                   DBP   Nil       19,362
 
 d)   Aggregated information                                       Price(s)                                Volume(s)
      - Aggregated volume
      - Price                                                      GBP Nil                                 82,978
 e)   Date of the transaction                                      2018-02-28
 f)   Place of the transaction                                     Outside a trading venue
 
 
 
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
 
GBP Nil
 
Volume(s)
 
82,978
e)
Date of the transaction
2018-02-28
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  Ordinary Shares of £0.05
      Identification code
                                                                   GB00B8VZXT93
 b)   Nature of the transaction                                    1.   Grant of share award over Ordinary Shares under the Crest Nicholson
                                                                   Holdings plc Long Term Incentive Plan ("LTIP").
                                                                   2.   Grant of share award over Ordinary Shares under the Crest Nicholson
                                                                   Holdings plc 2018 Deferred Bonus Plan ("DBP").
 c)   Price(s) and volume(s)
      Price(s)  Volume(s)
                                                                   LTIP  Nil       43,415
                                                                   DBP   Nil       13,214
 
 d)   Aggregated information                                       Price(s)                                Volume(s)
      - Aggregated volume
      - Price                                                      GBP Nil                                 56,629
 e)   Date of the transaction                                      2018-02-28
 f)   Place of the transaction                                     Outside a trading venue
 
 
 
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
 
GBP Nil
 
 
Volume(s)
 
56,629
e)
Date of the transaction
2018-02-28
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  Ordinary Shares of £0.05
      Identification code
                                                                   GB00B8VZXT93
 b)   Nature of the transaction                                    1.   Grant of share award over Ordinary Shares under the Crest Nicholson
                                                                   Holdings plc Long Term Incentive Plan ("LTIP").
                                                                   2.   Grant of share award over Ordinary Shares under the Crest Nicholson
                                                                   Holdings plc 2018 Deferred Bonus Plan ("DBP").
 c)   Price(s) and volume(s)
      Price(s)  Volume(s)
                                                                   LTIP  Nil       34,176
                                                                   DBP   Nil       10,402
 
 d)   Aggregated information                                       Price(s)                                Volume(s)
      - Aggregated volume
      - Price                                                      GBP Nil                                 44,578
 e)   Date of the transaction                                      2018-02-28
 f)   Place of the transaction                                     Outside a trading venue
 
 
 
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
 
GBP Nil
 
Volume(s)
 
44,578
e)
Date of the transaction
2018-02-28
f)
Place of the transaction
Outside a trading venue
 
 
For further information please contact:
Kevin Maguire
Company
Secretary
+44 (0) 1932 580 555
 
5 March 2018
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