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") and the Crest Nicholson Holdings plc Deferred Bonus Plan (the "DBP").

 

On 27 February 2015 certain Directors and PDMRs were granted options under the LTIP and DBP (the "Options") exercisable after three years.

 

LTIP

On 27 February 2018 100% of the awards granted under the LTIP Options became exercisable following satisfaction of the performance conditions (relating to return on capital employed, and growth in profit before tax per share).

 

DBP

On 27 February 2018 the awards granted under the DBP also became exercisable following satisfaction of the three year service period. In accordance with the rules of the plan, additional shares were added to each award, equivalent to the dividends payable during the service period.

 

Exercise of Options

On 7 March 2018, 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 are set out below:

 

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.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan. 2.   Exercise of share awards (LTIP & DBP) and sale of shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award of dividend equivalent shares Nil 7,028 Acquisition of shares on exercise of DBP share award Nil 54,806 Acquisition of shares on exercise of LTIP share award Nil 178,083 Sale of shares £4.75 232,889 Retention of shares Nil Nil
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Award of dividend equivalent shares Nil 7,028 Acquisition of shares Nil 232,889 Sale of shares £4.75 232,889 Retention of shares Nil Nil
e)	Date of the transaction	2018-03-07
f)	Place of the transaction	Outside a trading venue (award of dividend equivalent shares and exercise of share awards) 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	1.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan. 2.   Exercise of share awards (LTIP & DBP) 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) Award of dividend equivalent shares Nil 3,934 Acquisition of shares on exercise of DBP share award Nil 30,685 Acquisition of shares on exercise of LTIP share award Nil 99,711 Sale of shares £4.75 61,624 Retention of shares Nil 68,772
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Award of dividend equivalent shares Nil 3,934 Acquisition of shares Nil 130,396 Sale of shares £4.75 61,624 Retention of shares Nil 68,772
e)	Date of the transaction	2018-03-07
f)	Place of the transaction	Outside a trading venue (award of dividend equivalent shares, exercise of share awards 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	1.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan. 2.   Exercise of share awards (LTIP & DBP) and sale of shares in part 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) Award of dividend equivalent shares Nil 3,046 Acquisition of shares on exercise of DBP share award Nil 23,765 Acquisition of shares on exercise of LTIP share award Nil 64,356 Sale of shares £4.75 75,588 Retention of shares Nil 12,533
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Award of dividend equivalent shares Nil 3,046 Acquisition of shares Nil 88,121 Sale of shares £4.75 75,588 Retention of shares Nil 12,533
e)	Date of the transaction	2018-03-07
f)	Place of the transaction	Outside a trading venue (award of dividend equivalent shares, exercise of share awards 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	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.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan. 2.   Exercise of share awards (LTIP & DBP) 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) Award of dividend equivalent shares Nil 2,078 Acquisition of shares on exercise of DBP share award Nil 16,218 Acquisition of shares on exercise of LTIP share award Nil 43,920 Sale of shares £4.75 28,421 Retention of shares Nil 31,717
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Award of dividend equivalent shares Nil 2,078 Acquisition of shares Nil 60,138 Sale of shares £4.75 28,421 Retention of shares Nil 31,717
e)	Date of the transaction	2018-03-07
f)	Place of the transaction	Outside a trading venue (award of dividend equivalent shares, exercise of share awards 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	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.   Award of shares as dividend equivalents to shares over which the above Director and PDMR has an option under the Crest Nicholson Holdings plc Deferred Bonus Plan. 2.   Exercise of share awards (LTIP & DBP) and sale of shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award of dividend equivalent shares Nil 1,634 Acquisition of shares on exercise of DBP share award Nil 12,765 Acquisition of shares on exercise of LTIP share award Nil 34,573 Sale of shares £4.75 47,338 Retention of shares Nil Nil
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) Award of dividend equivalent shares Nil 1,634 Acquisition of shares Nil 47,338 Sale of shares £4.75 47,338 Retention of shares Nil Nil
e)	Date of the transaction	2018-03-07
f)	Place of the transaction	Outside a trading venue (award of dividend equivalent shares and exercise of share awards) and XLON (sale of shares)

 

For further information please contact:

 

Kevin Maguire

Company Secretary                                                         +44 (0) 1932 580 555

 

8 March 2018