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 2018 Deferred Bonus Plan (the "DBP")
1. LTIP
The following Directors and PDMRs have been granted awards over 243,849 Ordinary Shares of 5 pence each in the Company (the "LTIP Awards") on 28 February 2018:
|
Director/PDMR |
Number of shares over which award granted |
|
Robert Allen* |
102,642 |
|
Chris Tinker* |
63,616 |
|
Robin Hoyles |
43,415 |
|
Kevin Maguire |
34,176 |
*Denotes an Executive Director of the Company
Subject to performance conditions in respect of earnings per share and return on capital employed and certain other conditions in respect of service and conduct, the LTIP Awards vest on 28 February 2021. The number of shares subject to the LTIP Awards has been calculated based on the closing middle market share price on 27 February 2018 in accordance with the rules of the Plan and no payment was required for the grant of the LTIP Awards. Details of the performance conditions can be found in the Company's 2017 Annual Integrated Report published on 12th February 2018.
In accordance with the Company's announcement on 24th January 2018 of the appointment of Patrick Bergin as Chief Executive Officer from the 22nd March 2018 (the date of the Company's Annual General Meeting) and the appointment of Stephen Stone to Executive Chairman from the same date, no LTIP Awards have been made to either Director. Stephen Stone will not be receiving any new LTIP Awards, and Patrick Bergin's award will be made after he becomes Chief Executive Officer and a further announcement will be made at that time.
2. DBP
The following Directors and PDMRs have been granted awards over 123,941 Ordinary Shares of 5 pence each in the Company (the "DBP Awards") on 28 February 2018 representing the element of annual bonus deferred for three years:
|
Director/PDMR |
Number of shares over which award granted |
|
Stephen Stone* |
38,147 |
|
Patrick Bergin* |
26,434 |
|
Robert Allen* |
16,382 |
|
Chris Tinker* |
19,362 |
|
Robin Hoyles |
13,214 |
|
Kevin Maguire |
10,402 |
*Denotes an Executive Director of the Company
Subject to certain conditions in respect of service and conduct, the DBP Awards vest on 28 February 2021. The number of shares subject to the DBP Awards has been calculated based on the closing middle market share price on 27 February 2018 in accordance with the rules of the Plan and no payment was required for the grant of the DBP Awards.
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 share award over Ordinary Shares under the Crest Nicholson Holdings plc 2018 Deferred Bonus Plan ("DBP"). |
|
|
c) |
Price(s) and volume(s) |
Price(s)
GBP Nil
|
Volume(s)
38,417
|
|
d) |
Aggregated information - Aggregated volume - Price |
Price(s)
GBP Nil
|
Volume(s)
38,417 |
|
e) |
Date of the transaction |
2018-02-28 |
|
|
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 share award over Ordinary Shares under the Crest Nicholson Holdings plc 2018 Deferred Bonus Plan ("DBP").
|
|
|
c) |
Price(s) and volume(s) |
Price(s)
GBP Nil
|
Volume(s)
26,434
|
|
d) |
Aggregated information - Aggregated volume - Price |
Price(s)
GBP Nil
|
Volume(s)
26,434 |
|
e) |
Date of the transaction |
2018-02-28 |
|
|
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 |
1. Grant of share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP").
2. Grant of share award over Ordinary Shares under the Crest Nicholson Holdings plc 2018 Deferred Bonus Plan ("DBP").
|
||||||||||
|
c) |
Price(s) and volume(s) |
|
||||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
Price(s)
GBP Nil
|
Volume(s)
119,024 |
|||||||||
|
e) |
Date of the transaction |
2018-02-28 |
||||||||||
|
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 share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP").
2. Grant of share award over Ordinary Shares under the Crest Nicholson Holdings plc 2018 Deferred Bonus Plan ("DBP").
|
||||||||||
|
c) |
Price(s) and volume(s) |
|
||||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
Price(s)
GBP Nil
|
Volume(s)
82,978 |
|||||||||
|
e) |
Date of the transaction |
2018-02-28 |
||||||||||
|
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 share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP").
2. Grant of share award over Ordinary Shares under the Crest Nicholson Holdings plc 2018 Deferred Bonus Plan ("DBP").
|
||||||||||
|
c) |
Price(s) and volume(s) |
|
||||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
Price(s)
GBP Nil
|
Volume(s)
56,629 |
|||||||||
|
e) |
Date of the transaction |
2018-02-28 |
||||||||||
|
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 share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP").
2. Grant of share award over Ordinary Shares under the Crest Nicholson Holdings plc 2018 Deferred Bonus Plan ("DBP").
|
||||||||||
|
c) |
Price(s) and volume(s) |
|
||||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
Price(s)
GBP Nil
|
Volume(s)
44,578 |
|||||||||
|
e) |
Date of the transaction |
2018-02-28 |
||||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||||||||
For further information please contact:
Kevin Maguire
Company Secretary +44 (0) 1932 580 555
2 March 2018