REG - Crest Nicholson Hdgs - Director/PDMR Shareholding <Origin Href="QuoteRef">CRST.L</Origin>
RNS Number : 6514SCrest Nicholson Holdings PLC18 March 2016Crest 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 17 March 2016 of the following transactions set out in this announcement by certain Directors of the Company and Persons Discharging Managerial Responsibility ("PDMRs") under the Crest Nicholson Holdings plc Long-Term Incentive Plan (the "LTIP")
LTIP Exercise
The Directors and PDMRs set out in the table below were granted options under the LTIP on 8 March 2013. On 8 March 2016 100% of the awards granted under the options became exercisable following satisfaction of the Performance Conditions (relating to return on capital employed, and growth in profit before tax per share). Further details relating to the Performance Conditions of these awards are set out in the Company's IPO Prospectus dated 13 February 2013 and Annual Report in respect of the year ending 31 October 2013 published on 17 February 2014.
On 14 March 2016, following the Company's decision to delay the exercise of options until after the ex-dividend date as part of facilitating an orderly exercise process, additional shares were added to each award, equivalent to the final dividend in respect of financial year ending 31 October 2015 as set out below:
Director/PDMR
Options granted 08/03/2013
Additional shares added in respect of dividend
Total
Stephen Stone*
535,800
14,167
549,967
Patrick Bergin*
300,000
7,932
307,932
Chris Tinker
145,221
3,839
149,060
Steve Evans
123,823
3,274
127,097
Robin Hoyles
99,107
2,620
101,727
Kevin Maguire
72,321
1,912
74,233
Tim Beale
56,283
1,488
57,771
*Denotes an Executive Director of the Company
The additional shares added to the options were calculated based on the ex-dividend share price associated with the dividend together with the value of that dividend, in proportion to the respective option.
On 16 March 2016, those Directors and PDMRs exercised (or part exercised) the options granted to them on 8 March 2013 under the LTIP together with the additional shares (as set out above) over Ordinary Shares of 5 pence each in the Company ("Shares"). Some Directors and PDMRs sold all the shares awarded to them and others sold sufficient shares to meet income tax and national insurance liabilities, retaining the balance. The Company allotted shares from the Company's block listing facility to satisfy the exercise of the Options. Full details of the exercises, subsequent sales and Option balance (in respect of those part-exercising) are set out below:
Share acquired upon exercise or part-exercise
Shares sold
Shares retained
8 March 2013 Option balance
Director/PDMR
Number
Percentage of total issuedshare capital
Exercise price
Number
Sale price per Share
Percentage of total issued share capital
Stephen Stone*
549,967
0.217%
1.00 in total
259,393
5.29
0.102%
290,574
Nil
Patrick Bergin*
307,932
0.121%
1.00 in total
145,237
5.29
0.057%
162,695
Nil
Chris Tinker
61,000
0.024%
1.00 in total
28,771
5.29
0.011%
32,229
88,060
Steve Evans
127,097
0.050%
1.00 in total
127,097
5.29
0.050%
Nil
Nil
Robin Hoyles
101,727
0.040%
1.00 in total
47,980
5.29
0.019%
53,747
Nil
Kevin Maguire
74,233
0.029%
1.00 in total
35,013
5.29
0.014%
39,220
Nil
Tim Beale
57,771
0.023%
1.00 in total
57,771
5.29
0.023%
Nil
Nil
*Denotes an Executive Director of the Company
Following the transactions set out in this announcement, the Company confirms that at the date of this announcement, each of those directors and PDMRs referenced in this announcement hold the following interests in the Ordinary Shares of 5 pence of the Company:
Director/PDMR
Total shareholding following transactions (including holdings of connected persons)
Total shareholding following transactions
Total number of shares over which options held
Stephen Stone*
4,358,177
1.719%
616,543
Patrick Bergin*
1,079,057
0.426%
348,246
Chris Tinker
1,336,056
0.527%
321,663
Steve Evans
157,765
0.062%
196,866
Robin Hoyles
439,870
0.173%
161,616
Kevin Maguire
149,954
0.059%
128,691
Tim Beale
377,165
0.149%
168,809
*Denotes an Executive Director of the Company
For further information please contact:
Kevin Maguire
Company Secretary +44 (0) 1932 580 555
18 March 2016
This information is provided by RNSThe company news service from the London Stock ExchangeENDRDSBLGDXDUBBGLI
Recent news on Crest Nicholson Holdings
See all newsREG - Crest Nicholson Hdgs - Holding(s) in Company
AnnouncementREG - Crest Nicholson Hdgs - Holding(s) in Company
AnnouncementREG - Crest Nicholson Hdgs - Result of AGM
AnnouncementREG - Crest Nicholson Hdgs - Trading Update
AnnouncementREG - Crest Nicholson Hdgs - Director Declaration
Announcement