Source - RNS
RNS Number : 9334K
Hansteen Holdings plc
13 April 2018
 

 

13 April 2018

 

Hansteen Holdings PLC

("Hansteen" or the "Company")

 

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

 

On 11 April 2018, the directors of the Company listed below exercised their vested Performance Share Plan nil cost options (i.e. no exercise price is payable when the options are exercised) pursuant to the Rules of the Performance Share Plan 2012. The awards vested between 11 June 2014 and 11 June 2017 and were subject to achievement of the following performance conditions measured over a three year performance period:

·      50% of the award will vest by reference to the Company's Total Shareholder Return over the performance period ranking relative to a Comparator Group of Real Estate Investment Trusts approved by the Remuneration Committee; and

·      50% of the award will vest by reference to the Company's EPRA Net Asset Value per share growth from investing in the Company over the performance period ranking relative to the same Comparator Group.

No consideration is due on these options upon exercise.

Name

Director/ PDMR

Number of shares awarded on PSP 3 award 28 March 2013 and exercisable

Number of shares awarded on PSP 4 award 10 April 2014 and exercisable

Number of shares awarded on PSP 5 award 16 March 2015 and exercisable

Number of shares awarded attributable to dividends payable over the period from grant to exercise

Total shares awarded and exercisable including shares attributable to dividends

 

Shares sold to cover tax and National Insurance Contributions  and dealing costs at a share price of 135.15p

Shares retained by  individual

Ian Richard Watson

Director

43,741

47,384

91,987

38,881

221,993

104,559

117,434

Morgan Lewis Jones

Director

43,741

47,384

91,987

38,881

221,993

104,559

117,434

Richard Phillip Lowes

Director

27,684

29,972

59,134

24,773

141,563

66,676

74,887

 

The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ian Watson

2

Reason for the notification

a)

Position/status

Chief Executive Officer - Director

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Hansteen Holdings PLC

b)

LEI

2138007274QQL9KBWY58

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 £0.10 each in the capital of Hansteen Holdings PLC

GB00B0PPFY88

b)

Nature of transaction

1.   Exercise of options over 221,993 Ordinary Shares pursuant to Hansteen Holdings PLC Performance Share Plan 2012

2.   Sale of 104,559 shares to cover tax, NI contribution and dealing costs. The balance of 117,434 shares retained.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.   nil

1.   221,993

2.   126.1548p

2.   104,559

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

1   nil

1  221,993

1    nil

2   126.1548p

2  104,559

2    £131,906.20

e)

Date of the transaction

13 April 2018

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Morgan Jones

2

Reason for the notification

a)

Position/status

Chief Executive Officer - Director

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Hansteen Holdings PLC

b)

LEI

2138007274QQL9KBWY58

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 £0.10 each in the capital of Hansteen Holdings PLC

 GB00B0PPFY88

b)

Nature of transaction

1     Exercise of options over 221,993 Ordinary Shares pursuant to Hansteen Holdings PLC Performance Share Plan 2012

2     Sale of 104,559 shares to cover tax, NI contribution and dealing costs. The balance of 117,434 shares retained.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.   nil

1.   221,993

2.   126.1548p

2.   104,559

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

1   nil

1  221,993

1    nil

2   126.1548p

2  104,559

2    £131,906.20

e)

Date of the transaction

13 April 2018

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Richard Lowes

2

Reason for the notification

a)

Position/status

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

Hansteen Holdings PLC

b)

LEI

2138007274QQL9KBWY58

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 £0.10 each in the capital of Hansteen Holdings PLC

GB00B0PPFY88

b)

Nature of transaction

1     Exercise of options over 178,589 Ordinary Shares pursuant to Hansteen Holdings PLC Performance Share Plan 2012

2     Sale of 66,676 shares to cover tax, NI contribution and dealing costs. The balance of 74,887 shares retained.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.   nil

1.   178,589

2.   126.1548p

2.   66,676

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Price

1   nil

1   178,589

1   nil

2   126.1548p

2  66,676

2   £84,114.97

e)

Date of the transaction

13 April 2018

f)

Place of the transaction

London Stock Exchange

 

 

For further information:

Marco Murray

Link Company Matters Limited

+44 (0)20 7954 9792

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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