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

Crest Nicholson HoldingsAnnouncement

03/03/2017 09:55

RNS Number : 4636Y
Crest Nicholson Holdings PLC
03 March 2017
Crest Nicholson Holdings plc
LEI: 213800ROIFXRRRKVQD25
Crest Nicholson Holdings plc
Director/PDMR Shareholding
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 Deferred Bonus Plan (the "DBP")
1. LTIP
The following Directors and PDMRs have been granted options (exercisable at nil-cost)over 589,206 Ordinary Shares of 5 pence each in the Company (the "LTIP Options") on 28 February 2017:
Director/PDMR
Number of shares over which option granted
Stephen Stone*
149,216
Patrick Bergin*
103,400
Robert Allen*
179,227
Chris Tinker*
55,541
Robin Hoyles
37,904
Kevin Maguire
29,838
Darren Dancey
34,080
*Denotes an Executive Director of the Company
Subject to Performance Conditions in respect of profit before tax per share and return on capital employed and certain other conditions in respect of service and conduct attached to the awards, the LTIP Options are exercisable between 2020 and 2027. The number of shares subject to the LTIP Options has been calculated based on the closing middle market share price on 27 February 2017 in accordance with the rules of the Plan and no payment was required for the grant of the LTIP Options.
2. DBP
The following Directors and PDMRs have been granted options (exercisable at nil-cost)over 88,897 Ordinary Shares of 5 pence each in the Company (the "DBP Options") on 28 February 2017 representing the element of annual bonus deferred for three years:
Director/PDMR
Number of shares over which option granted
Stephen Stone*
33,484
Patrick Bergin*
18,748
Chris Tinker*
15,125
Robin Hoyles
10,322
Kevin Maguire
8,125
Darren Dancey
3,093
*Denotes an Executive Director of the Company
Subject to certain conditions in respect of service and conduct attached to the awards, the DBP Options are exercisable between 2020 and 2027. The number of shares subject to the DBP Options has been calculated based on the closing middle market share price on 27 February 2017 in accordance with the rules of the Plan and no payment was required for the grant of the DBP Options.
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
1. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
2. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
LTIP
Nil
149,216
DBP
Nil
33,484
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
GBP Nil
Volume(s)
182,700
e)
Date of the transaction
2017-02-28
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
Identification code
Ordinary Shares of 0.05
GB00B8VZXT93
b)
Nature of the transaction
1. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
2. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
LTIP
Nil
103,400
DBP
Nil
18,748
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
GBP Nil
Volume(s)
122,148
e)
Date of the transaction
2017-02-28
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
Identification code
Ordinary Shares of 0.05
GB00B8VZXT93
b)
Nature of the transaction
Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
c)
Price(s) and volume(s)
Price(s)
GBP Nil
Volume(s)
179,227
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
GBP Nil
Volume(s)
179,227
e)
Date of the transaction
2017-02-28
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
Identification code
Ordinary Shares of 0.05
GB00B8VZXT93
b)
Nature of the transaction
1. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
2. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
LTIP
Nil
55,541
DBP
Nil
15,125
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
GBP Nil
Volume(s)
70,666
e)
Date of the transaction
2017-02-28
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
Identification code
Ordinary Shares of 0.05
GB00B8VZXT93
b)
Nature of the transaction
1. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
2. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
LTIP
Nil
37,904
DBP
Nil
10,322
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
GBP Nil
Volume(s)
48,226
e)
Date of the transaction
2017-02-28
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
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
1. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
2. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
LTIP
Nil
34,080
DBP
Nil
3,093
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
GBP Nil
Volume(s)
37,173
e)
Date of the transaction
2017-02-28
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
Identification code
Ordinary Shares of 0.05
GB00B8VZXT93
b)
Nature of the transaction
1. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
2. Grant of nil-cost option over Ordinary Shares under the Crest Nicholson Holdings plc Deferred Bonus Plan ("DBP"). The Award will be exercisable 28 February 2020 to 27 February 2027 subject to continued service.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
LTIP
Nil
29,838
DBP
Nil
8,125
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
GBP Nil
Volume(s)
37,963
e)
Date of the transaction
2017-02-28
f)
Place of the transaction
Outside a trading venue
For further information please contact:
Kevin Maguire
Company Secretary +44 (0) 1932 580 555
3 March 2017

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The company news service from the London Stock Exchange
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