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

RNS Number : 7248X
Crest Nicholson Holdings PLC
23 February 2017

Crest Nicholson Holdings plc

LEI: 213800ROIFXRRRKVQD25

Crest Nicholson Holdings plc

Director/PDMR Shareholding

In accordance with 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 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 14 February 2014 (the "Options"). On 14 February 2017 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).

On 22 February 2017, the Directors and PDMRs exercised the Options (over Ordinary Shares of 5 pence each in the Company) ("Shares"). Some Directors and PDMRs sold all the Shares awarded to them, 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 and subsequent sales are set out below:


Shares acquired upon exercise


Shares sold

Shares retained

Director/PDMR

Number

Percentage of total issuedshare capital

Exercise price

Number

Sale price per Share

Percentage of total issued share capital

Stephen Stone*

202,894

0.079

1.00 in total

202,894

5.2955

0.079

0

Patrick Bergin*

113,602

0.045

1.00 in total

53,581

5.2955

0.021

60,021

Chris Tinker*

73,322

0.029

1.00 in total

34,583

5.2955

0.014

38,739

Robin Hoyles

50,039

0.020

1.00 in total

23,602

5.2955

0.009

26,437

Darren Dancey

8,925

0.003

1.00 in total

8,925

5.2955

0.003

0

Kevin Maguire

39,390

0.015

1.00 in total

18,579

5.2955

0.007

20,811

*Denotes an Executive Director of the Company

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

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

Identification code

Ordinary Shares of 0.05

GB00B8VZXT93

b)

Nature of the transaction

Exercise of nil cost options (LTIP) and sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Acquisition of shares on exercise of share award

Nil

202,894

Sale of shares

5.2955

202,894

Retention of shares

Nil

Nil

d)

Aggregated information

- Aggregated volume

- Price

Aggregated Price(s)

Aggregated Volume(s)

Exercise

Nil

202,894

Sale

5.2955

202,894

Retention

Nil

Nil

e)

Date of the transaction

2017-02-22

f)

Place of the transaction

Outside a trading venue (Exercise of nil cost options) and XLON (sale of shares)

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

Identification code

Ordinary Shares of 0.05

GB00B8VZXT93

b)

Nature of the transaction

Exercise of nil cost options (LTIP) and sale of shares to fund the income tax and national insurance liability and retention of balance of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Acquisition of shares on exercise of share award

Nil

113,602

Sale of shares

5.2955

53,581

Retention of shares

Nil

60,021

d)

Aggregated information

- Aggregated volume

- Price

Aggregated Price(s)

Aggregated Volume(s)

Exercise

Nil

113,602

Sale

5.2955

53,581

Retention

Nil

60,021

e)

Date of the transaction

2017-02-22

f)

Place of the transaction

Outside a trading venue (Exercise of nil cost options and retention of shares) and XLON (sale of shares)

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

Identification code

Ordinary Shares of 0.05

GB00B8VZXT93

b)

Nature of the transaction

Exercise of nil cost options (LTIP) and sale of shares to fund the income tax and national insurance liability and retention of balance of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Acquisition of shares on exercise of share award

Nil

73,322

Sale of shares

5.2955

34,583

Retention of shares

Nil

38,739

d)

Aggregated information

- Aggregated volume

- Price

Aggregated Price(s)

Aggregated Volume(s)

Exercise

Nil

73,322

Sale

5.2955

34,583

Retention

Nil

38,739

e)

Date of the transaction

2017-02-22

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

Identification code

Ordinary Shares of 0.05

GB00B8VZXT93

b)

Nature of the transaction

Exercise of nil cost options (LTIP) and sale of shares to fund the income tax and national insurance liability and retention of balance of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Acquisition of shares on exercise of share award

Nil

50,039

Sale of shares

5.2955

23,602

Retention of shares

Nil

26,437

d)

Aggregated information

- Aggregated volume

- Price

Aggregated Price(s)

Aggregated Volume(s)

Exercise

Nil

50,039

Sale

5.2955

23,602

Retention

Nil

26,437

e)

Date of the transaction

2017-02-22

f)

Place of the transaction

Outside a trading venue (Exercise of nil cost options and retention of shares) and XLON (sale of shares)

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

Darren Dancey

2

Reason for the notification

a)

Position/status

Group Design and Technical 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

Identification code

Ordinary Shares of 0.05

GB00B8VZXT93

b)

Nature of the transaction

Exercise of nil cost options (LTIP) and sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Acquisition of shares on exercise of share award

Nil

8,925

Sale of shares

5.2955

8,925

Retention of shares

Nil

Nil

d)

Aggregated information

- Aggregated volume

- Price

Aggregated Price(s)

Aggregated Volume(s)

Exercise

Nil

8,925

Sale

5.2955

8,925

Retention

Nil

Nil

e)

Date of the transaction

2017-02-22

f)

Place of the transaction

Outside a trading venue (Exercise of nil cost options) and XLON (sale of shares)

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

Identification code

Ordinary Shares of 0.05

GB00B8VZXT93

b)

Nature of the transaction

Exercise of nil cost options (LTIP) and sale of shares to fund the income tax and national insurance liability and retention of balance of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Acquisition of shares on exercise of share award

Nil

39,390

Sale of shares

5.2955

18,579

Retention of shares

Nil

20,811

d)

Aggregated information

- Aggregated volume

- Price

Aggregated Price(s)

Aggregated Volume(s)

Exercise

Nil

39,390

Sale

5.2955

18,579

Retention

Nil

20,811

e)

Date of the transaction

2017-02-22

f)

Place of the transaction

Outside a trading venue (Exercise of nil cost options and retention of shares) and XLON (sale of shares)

For further information please contact:

Kevin Maguire

Company Secretary +44 (0) 1932 580 555

23 February 2017


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