Hansteen Holdings plc (LON:HSTN)

Hansteen Holdings plc (LON:HSTN)


Share Price
95.80 p
Change
-0.9 (-0.93 %)
Market Cap
£409.36 m
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Hansteen Holdings plc RNS Release

Director/PDMR Shareholding


RNS Number : 4017W
Hansteen Holdings plc
16 April 2019
 

16 April 2019

 

Hansteen Holdings PLC

("Hansteen" or the "Company")

 

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

 

On 15 April 2019, participants in the Hansteen Performance Share Plan 2012 ("PSP"), exercised their PSP nil cost options (i.e. no exercise price is payable when the options are exercised) pursuant to the Rules of the PSP. The options became exercisable between 16 March 2019 and 15 April 2019 and were subject to achievement of the following performance conditions measured over a three year performance period:

·      50% of the award vests 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 vests 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.

In total the participants, including three PDMRs, being directors of the Company listed below, exercised their options over 1,443,093 shares (the "PSP Awards") which will be satisfied by the transfer of shares from the Hansteen Employee Benefit Trust (the "Trust").

The Trust holds shares for the benefit of the Company's employees, including the executive directors of the Company, and in particular for the satisfying of awards made under the Company's share schemes.

On 15 April 2019 the Trust acquired 529,660 ordinary shares of 10p each in the Company at an average price of 94.4p per share.

After satisfying the PSP Awards the Trust will hold 2,249,757 ordinary shares in the Company representing 0.527% of the Company's current voting rights.

On 15 April 2019 and 16 April 2019 the PDMRS sold all of the PSP Awards to which they were entitled as set out in more detail below.

Name

Director/ PDMR

Number of shares awarded on PSP 4 award 10 April 2014 and exercisable from 10 April 2019

Number of shares awarded on PSP 5 award 16 March 2015 and exercisable from 16 March 2019

Number of shares awarded on PSP 6 award 14 April 2016 and exercisable from 14 April 2019

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 at an average share price of 94.1826p

Ian Richard Watson

Director

63,599

123,465

131,231

73,551

391,846

391,846

Morgan Lewis Jones

Director

63,599

123,465

131,231

73,551

391,846

391,846

Richard Phillip Lowes

Director

40,228

79,371

92,175

48,544

260,318

260,318

 

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 391,846 Ordinary Shares pursuant to Hansteen Holdings PLC Performance Share Plan 2012

1.   2    Sale of 391,846 shares.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.   nil

1.   391,846

2.   Ranging from 93.82p to 94.5p

2.   391,846

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

1   nil

1  391,846

1    nil

2   94.1826p

2  391,846

2    £369,051

e)

Date of the transaction

15 April 2019 and 16 April 2019

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 391,846 Ordinary Shares pursuant to Hansteen Holdings PLC Performance Share Plan 2012

2     Sale of 391,846 shares.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.   nil

1.   391,846

2.   Ranging from 93.82p to 94.5p

2.   391,846

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

1   nil

1  391,846

1    nil

2   94.1826p

2  391,846

2    £379,051

e)

Date of the transaction

15 April 2019 and 16 April 2019

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     1    Exercise of options over 260,318 Ordinary Shares pursuant to Hansteen Holdings PLC Performance Share Plan 2012

2     Sale of 260,318 shares.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.   nil

1.   260,318

2.   Ranging from 93.82p to 94.5p

2.   260,318

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Price

1   nil

1   260,318

1   nil

2   94.1826p

2  260,318

2   £245,174

e)

Date of the transaction

15 April 2019 and 16 April 2019

f)

Place of the transaction

London Stock Exchange

 

 

For further information:

Anne-Marie Wells

Link Company Matters Limited

Company Secretary

Tel:  020 7954 9685

 


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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