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Hansteen Holdings plc

Director/PDMR Shareholding

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RNS Number : 2265X
Hansteen Holdings plc
26 April 2019
 

26 April 2019

 

 

Hansteen Holdings PLC

 

("Hansteen" or the "Company")

 

 

Director/PDMR Shareholding

 

 

 

On 25 April 2019 Richard Phillip Lowes, a director of the Company, was granted an award over 351,122 Ordinary Shares in the Company pursuant to the Rules of the Performance Share Plan 2012 in the form of nil cost options (i.e. no exercise price is payable when the options are exercised). The value of the award was calculated by reference to the average of the Hansteen closing share price for the five business days ending on 24 April 2019, being 91.82 pence.

 

The award will vest no earlier than 25 April 2022 subject to achievement of performance conditions measured over a three year performance period. 50% of the award will vest by reference to the Company's Total Shareholder Return performance and 50% by reference to growth in the Company's EPRA Net Asset Value per share relative, in each case, to a comparator group comprising a peer group of companies in the property sector over the performance period.

 

To the extent that the award vests, the nil cost options will be exercisable in three equal annual tranches over a two year period, the first tranche being exercisable no earlier than 25 April 2022.

 

The Notification of Dealing Form set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 

 

 

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

Grant of options over Ordinary Shares pursuant to Hansteen Holdings PLC Performance Share Plan 2012

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

nil

351,122

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

nil

351,122

nil

e)

Date of the transaction

25 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.
 
END
 
 
DSHLIFLDSTIRFIA

Quick facts: Hansteen Holdings plc

Price: £0.89

Market: AIM
Market Cap: £378.59 m
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