REG - Crest Nicholson Hdgs - Director/PDMR Shareholding <Origin Href="QuoteRef">CRST.L</Origin>
RNS Number : 7248XCrest Nicholson Holdings PLC23 February 2017Crest 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 RNSThe company news service from the London Stock ExchangeENDDSHBLGDDSDDBGRX
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 - Holding(s) in Company
AnnouncementREG - Crest Nicholson Hdgs - Block listing Interim Review
AnnouncementREG - Crest Nicholson Hdgs - Holding(s) in Company
Announcement