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 Crest Nicholson Holdings plc Long-Term Incentive Plan (the "LTIP").
The following Directors and PDMRs have been granted awards over 278,558 Ordinary Shares of 5 pence each in the Company (the "LTIP Awards") on 21 June 2019:
| Director/PDMR | Number of shares over which award granted |
| Duncan Cooper* | 141,389 |
| Tom Nicholson | 137,169 |
*Denotes an Executive Director of the Company
Subject to performance conditions in respect of earnings per share ("EPS"), return on capital employed ("ROCE"), earnings before interest and taxes margin ("EBIT Margin") and certain other conditions in respect of service and conduct, the LTIP Awards will vest on 21 June 2022. The performance measures are the same as the LTIP Awards made to the Directors and PDMRs in April 2019.
Notification and public disclosure of transactions by persons discharging managerial responsibility and persons closely associated with them.
| a) | Name | Duncan Cooper | |||||||
| 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 share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). | |||||||
| c) | Price(s) and volume(s) |
| |||||||
| d) | Aggregated information - Aggregated volume - Price | Price(s)
GBP Nil
| Volume(s)
141,389 | ||||||
| e) | Date of the transaction | 2019-06-21 | |||||||
| 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 | Tom Nicholson | |||||||
| 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 | Grant of share award over Ordinary Shares under the Crest Nicholson Holdings plc Long Term Incentive Plan ("LTIP"). | |||||||
| c) | Price(s) and volume(s) |
| |||||||
| d) | Aggregated information - Aggregated volume - Price | Price(s)
GBP Nil
| Volume(s)
137,169 | ||||||
| e) | Date of the transaction | 2019-06-21 | |||||||
| f) | Place of the transaction | Outside a trading venue | |||||||
For further information please contact:
Kevin Maguire
Company Secretary +44 (0) 1932 580 555
26 June 2019