Cairn Homes plc
Awards under the Cairn Homes plc Long Term Incentive Plan
Dublin / London, 6 April 2023: Cairn Homes plc (“Cairn”, “the Company” or “the Group”), confirms that the following awards were granted by the Remuneration Committee on 4 April 2023 under the Cairn Homes plc Long Term Incentive Plan:
| Director/PDMR | Role | No. of Shares Awarded |
| Michael Stanley | Chief Executive Officer | 615,347 |
| Shane Doherty | Chief Financial Officer | 542,953 |
| Tara Grimley | Company Secretary | 119,449 |
The shares were granted based on the closing price on Euronext Dublin on 3 April 2023, the dealing day immediately preceding the date of grant.
Full details of the performance conditions attached to the awards are available to view on the Company’s website at https://www.cairnhomes.com/investors/shareholder-centre/.
For further information, contact:
Cairn Homes plc Tara Grimley, Company Secretary +353 1 696 4600
Notes to Editors
Cairn Homes plc (“Cairn”) is the leading Irish homebuilder committed to building high-quality, competitively priced, sustainable new homes and communities in great locations. At Cairn, the homeowner is at the very centre of the design process. We strive to provide unparalleled customer service throughout each stage of the home-buying journey. A new Cairn home is expertly designed, with a focus on creating shared spaces and environments where communities thrive. Cairn owns a c. 16,800 unit landbank across 34 residential development sites, over 90% of which are located in the Greater Dublin Area (“GDA”) with excellent public transport and infrastructure links.
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| a) | Name | Michael Stanley |
| |
| 2 | Reason for the notification |
| a) | Position/status | Chief Executive Officer |
| b) | Initial Notification Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| a) | Name | Cairn Homes plc |
| b) | LEI | 635400DPX6WP2KKDOA83 |
| 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 | Cairn Homes plc ordinary shares of €0.001 each ISIN: IE00BWY4ZF18 |
| b) | Nature of the transaction | Conditional grant of awards pursuant to the rules of the Cairn Homes plc Long Term Incentive Plan, under which shares are granted in the form of a provisional allocation of shares, for which no exercise price is payable. The delivery of the shares is subject to performance conditions set out in the plan rules. |
| c) | Price(s) and volume(s) | | Price(s) | Volume(s) | | Nil Consideration | 615,347 |
|
| d) | Aggregated information — Aggregated volume — Price | Not applicable – single transaction |
| e) | Date of the transaction | 4 April 2023 |
| f) | Place of the transaction | Outside a trading venue |
| g) | Additional Information | N/A |
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| a) | Name | Shane Doherty |
| |
| 2 | Reason for the notification |
| a) | Position/status | Executive Director; Chief Financial Officer |
| b) | Initial Notification Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| a) | Name | Cairn Homes plc |
| b) | LEI | 635400DPX6WP2KKDOA83 |
| 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 | Cairn Homes plc ordinary shares of €0.001 each ISIN: IE00BWY4ZF18 |
| b) | Nature of the transaction | Conditional grant of awards pursuant to the rules of the Cairn Homes plc Long Term Incentive Plan, under which shares are granted in the form of a provisional allocation of shares, for which no exercise price is payable. The delivery of the shares is subject to performance conditions set out in the plan rules. |
| c) | Price(s) and volume(s) | | Price(s) | Volume(s) | | Nil Consideration | 542,953 |
|
| d) | Aggregated information — Aggregated volume — Price | Not applicable – single transaction |
| e) | Date of the transaction | 4 April 2023 |
| f) | Place of the transaction | Outside a trading venue |
| g) | Additional Information | N/A |
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| a) | Name | Tara Grimley |
| |
| 2 | Reason for the notification |
| a) | Position/status | Company Secretary / PDMR |
| b) | Initial Notification Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| a) | Name | Cairn Homes plc |
| b) | LEI | 635400DPX6WP2KKDOA83 |
| 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 | Cairn Homes plc ordinary shares of €0.001 each ISIN: IE00BWY4ZF18 |
| b) | Nature of the transaction | Conditional grant of awards pursuant to the rules of the Cairn Homes plc Long Term Incentive Plan, under which shares are granted in the form of a provisional allocation of shares, for which no exercise price is payable. The delivery of the shares is subject to performance conditions set out in the plan rules. |
| c) | Price(s) and volume(s) | | Price(s) | Volume(s) | | Nil Consideration | 119,449 |
|
| d) | Aggregated information — Aggregated volume — Price | Not applicable – single transaction |
| e) | Date of the transaction | 4 April 2023 |
| f) | Place of the transaction | Outside a trading venue |
| g) | Additional Information | N/A |
