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Crest Nicholson Hdgs - Director/PDMR Shareholding

RNS Number : 1828C
Crest Nicholson Holdings PLC
06 February 2020
 

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 transaction by Peter Truscott, Chief Executive of the Company.

Buy Out Arrangement

As announced on 26 March 2019, during the recruitment process the Company committed to certain buy out awards to replace those lost by Peter Truscott by virtue of leaving his previous employer, Galliford Try plc, to join Crest Nicholson.

Pursuant to the buy out arrangement, on 3 February 2020 shares as set out below were delivered to Peter Truscott from the Employee Benefit Trust. Peter proceeded to sell sufficient shares to meet income tax and national insurance liabilities, retaining the balance in accordance with the Minimum Shareholding Policy.

Full details of the buy out arrangement will be available in the Remuneration Report for the year ended 31 October 2019 within our Annual Integrated Report 2019 due to be published week commencing 17 February 2020.

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

Peter Truscott

2

Reason for the notification

a)

Position/status

Chief Executive, 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.   Delivery of shares in respect of buy out arrangement agreed on recruitment.

2.   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)

Delivery of shares in respect of buy out arrangement

Nil

143,719

Sale of shares for tax and national insurance

£4.979020

67,548

Retention of shares

Nil

76,171

d)

Aggregated information

- Aggregated volume

- Price


Price(s)

Volume(s)

Delivery of shares in respect of buy out arrangement

Nil

143,719

Sale of shares for tax and national insurance

£4.979020

67,548

Retention of shares

Nil

76,171

e)

Date of the transaction

2019-02-03

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

Enquiries:

 

Kevin Maguire

General Counsel & Company Secretary

01932 580 555

 

6 February 2020


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Crest Nicholson

Price: 164.5

Market: LSE
Market Cap: £422.63 m
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