Business
Director/PDMR Shareholding - Replacement
Director/PDMR Shareholding - Replacement.
About this update from Crest Nicholson Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 6952G Crest Nicholson Holdings PLC 05 March 2018 \n\nThis announcement replaces previous RNS announcement 5877G released at 15:19 on the 2nd March 2018. Amendments have been made to section 4 c) and d) of the first notification form below. All other information remains unchanged.\nCrest Nicholson Holdings plc\nDirector/PDMR Shareholding - AMENDMENT\n \nIn 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:\n· Crest Nicholson Holdings plc Long-Term Incentive Plan (the \"LTIP\")\n· Crest Nicholson Holdings plc 2018 Deferred Bonus Plan (the \"DBP\")\n \n1. LTIP\nThe 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:\n \n\n\n\n\nDirector/PDMR\n\n\nNumber of shares over which award granted\n\n\n\n\nRobert Allen*\n\n\n102,642\n\n\n\n\nChris Tinker*\n\n\n63,616\n\n\n\n\nRobin Hoyles\n\n\n43,415\n\n\n\n\nKevin Maguire\n\n\n34,176\n\n\n\n\n*Denotes an Executive Director of the Company\n \nSubject 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.\n \nIn 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 P...