Crest Nicholson Holdings PLC — Director's Dealing 2017

Feb 23, 2017

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RNS Number : 7248X

Crest Nicholson Holdings PLC

23 February 2017

Crest 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 issued share 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 RNS

The company news service from the London Stock Exchange

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