REG - Crest Nicholson Hdgs - Director/PDMR Shareholding
RNS Number : 1828CCrest Nicholson Holdings PLC06 February 2020Crest 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 transaction by Peter Truscott, Chief Executive of the Company.
Buy Out Arrangement
As announced on 26 March 2019, during the recruitment process the Company committed to certain buy out awards to replace those lost by Peter Truscott by virtue of leaving his previous employer, Galliford Try plc, to join Crest Nicholson.
Pursuant to the buy out arrangement, on 3 February 2020 shares as set out below were delivered to Peter Truscott from the Employee Benefit Trust. Peter proceeded to sell sufficient shares to meet income tax and national insurance liabilities, retaining the balance in accordance with the Minimum Shareholding Policy.
Full details of the buy out arrangement will be available in the Remuneration Report for the year ended 31 October 2019 within our Annual Integrated Report 2019 due to be published week commencing 17 February 2020.
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
Peter Truscott
2
Reason for the notification
a)
Position/status
Chief Executive, 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. Delivery of shares in respect of buy out arrangement agreed on recruitment.
2. 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)
Delivery of shares in respect of buy out arrangement
Nil
143,719
Sale of shares for tax and national insurance
£4.979020
67,548
Retention of shares
Nil
76,171
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
Volume(s)
Delivery of shares in respect of buy out arrangement
Nil
143,719
Sale of shares for tax and national insurance
£4.979020
67,548
Retention of shares
Nil
76,171
e)
Date of the transaction
2019-02-03
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
Enquiries:
Kevin Maguire
General Counsel & Company Secretary
01932 580 555
6 February 2020
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDDSHGIGDDLSGDGGL
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