REG - Crest Nicholson Hdgs - Director/PDMR Shareholding <Origin Href="QuoteRef">CRST.L</Origin>

Crest Nicholson HoldingsAnnouncement

01/03/2016 15:00

RNS Number : 6729Q
Crest Nicholson Holdings PLC
01 March 2016
Crest Nicholson Holdings plc
Director/PDMR Shareholding
In accordance with the requirements of D.T.R 3.1.2, Crest Nicholson Holdings plc (the "Company") was notified on 1 March 2016 of the following transaction:
2015 DBP Award
Tim Beale, a PDMR of the Company, was granted an option under the DBP on 27 February 2015 in respect of the deferred element of the 2015 annual bonus payment for the financial year ending 31 October 2014. This option first became exercisable on 27 February 2016 (the "Option").
On 29 February 2016 in accordance with the rules of the Plan, 548 additional shares were added to the Option to reflect the value of distributions made to shareholders during the period since the grant of the Option. The additional shares added to the Option were calculated based on the prevailing ex-dividend share price associated with the respective dividend together with the value of that dividend, in proportion to the Option.
On 29 February 2016, Tim Beale exercised and sold the shares awarded under the Option together with the additional shares added to that Option in respect of distributions to shareholders (as set out above). The Company allotted shares from the Company's block listing facility to satisfy the exercise of the Option. Details of the exercise and sale are set out below:
Share acquired upon exercise
Shares sold
Shares retained
PDMR
Number
Percentage of total issuedshare capital
Exercise price
Number
Sale price per Share
Percentage of total issued share capital
Tim Beale
15,604
0.006%
1.00 in total
15,604
5.55
0.006%
Nil

Following the transactions set out in this announcement, the Company confirms that at the date of this announcement, Tim Beale holds the following interests in the Ordinary Shares of 5 pence of the Company:
PDMR
Total shareholding following transactions (including holdings of connected persons)
Total shareholding following transactions (as a percentage of total issued share capital following allotments)
Total number of shares over which options held
Tim Beale
377,165
0.15%
225,092
For further information please contact:
Kevin Maguire
Company Secretary +44 (0) 1932 580 555
1 March 2016

This information is provided by RNS
The company news service from the London Stock Exchange
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