Hansteen Holdings plc Director/PDMR Shareholding (8645T)

TIDMHSTN

RNS Number : 8645T

Hansteen Holdings plc

17 October 2017

17 October 2017

Hansteen Holdings PLC

("Hansteen" or the "Company")

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

On 16 October 2017, 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/   Number of    Number of    Number of    Number of    Number of     Total shares  Shares sold    Shares 
          PDMR        shares       shares       shares       shares       shares        awarded and   to cover tax   retained 
                      awarded on   awarded on   awarded on   awarded on   awarded       exercisable   and National   by 
                      PSP 1 award  PSP 2 award  PSP 3 award  PSP 4 award  attributable  including     Insurance      individual 
                      9 July 2012  9 July 2012  28 March     10 April     to dividends  shares        Contributions 
                      and          and          2013 and     2014 and     payable over  attributable  and dealing 
                      exercisable  exercisable  exercisable  exercisable  the period    to dividends  costs at a 
                                                                          from grant                  share 
                                                                          to exercise                 price of 
                                                                                                      135.15p 
--------  ----------  -----------  -----------  -----------  -----------  ------------  ------------  -------------  ---------- 
Morgan 
 Jones    Director    218,694      194,395      86,907       47,074       121,087       668,157       316,707        351,450 
--------  ----------  -----------  -----------  -----------  -----------  ------------  ------------  -------------  ---------- 
Ian 
 Richard 
 Watson   Director    218,694      194,395      86,907       47,074       121,087       668,157       316,707        351,450 
--------  ----------  -----------  -----------  -----------  -----------  ------------  ------------  -------------  ---------- 
Richard 
 Philip 
 Lowes    Director    142,152      126,357      55,005       29,775       78,237        431,526       204,544        226,982 
--------  ----------  -----------  -----------  -----------  -----------  ------------  ------------  -------------  ---------- 
 

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                        Initial Notification 
     notification/Amendment 
---  ---------------------------  ------------------------------------------------------------------------------------ 
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             Ordinary shares of GBP0.10 each in the capital of Hansteen Holdings PLC 
     financial instrument, type      GB00B0PPFY88 
     of instrument 
     Identification code 
---  ---------------------------  ------------------------------------------------------------------------------------ 
b)   Nature of transaction        1. Exercise of options over 668,157 Ordinary Shares pursuant to Hansteen Holdings 
                                  PLC Performance 
                                  Share Plan 2012 
                                  2. Sale of 316,707 shares to cover tax, NI contribution and dealing costs. The 
                                  balance of 
                                  351,450 shares retained. 
---  ---------------------------  ------------------------------------------------------------------------------------ 
c)   Price(s) and volume(s)       Price(s)                     Volume(s) 
---  ---------------------------  ---------------------------  ------------------------------------------------------- 
                                  1. nil                       1. 668,157 
 -------------------------------  ---------------------------  ------------------------------------------------------- 
                                  2. 135.15p                   2. 316,707 
 -------------------------------  ---------------------------  ------------------------------------------------------- 
d)   Aggregated information             Price                        Volume                       Total 
      - Aggregated volume 
      - Price 
---  ---------------------------  ---------------------------  ---------------------------  -------------------------- 
                                   1 nil                        1 668,157                    1 nil 
---  ---------------------------  ---------------------------  ---------------------------  -------------------------- 
                                   2 135.15p                    2 316,707                    2 GBP428,029.51 
 -------------------------------  ---------------------------  ---------------------------  -------------------------- 
e)   Date of the transaction      16 October 2017 
---  ---------------------------  ------------------------------------------------------------------------------------ 
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                        Initial Notification 
     notification/Amendment 
---  ---------------------------  ------------------------------------------------------------------------------------ 
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             Ordinary shares of GBP0.10 each in the capital of Hansteen Holdings PLC 
     financial instrument, type      GB00B0PPFY88 
     of instrument 
     Identification code 

---  ---------------------------  ------------------------------------------------------------------------------------ 
b)   Nature of transaction        1 Exercise of options over 668,157 Ordinary Shares pursuant to Hansteen Holdings PLC 
                                  Performance 
                                  Share Plan 2012 
                                  2 Sale of 316,707 shares to cover tax, NI contribution and dealing costs. The 
                                  balance of 351,450 
                                  shares retained. 
---  ---------------------------  ------------------------------------------------------------------------------------ 
c)   Price(s) and volume(s)       Price(s)                     Volume(s) 
---  ---------------------------  ---------------------------  ------------------------------------------------------- 
                                  1. nil                       1. 668,157 
 -------------------------------  ---------------------------  ------------------------------------------------------- 
                                  2. 135.15p                   2. 316,707 
 -------------------------------  ---------------------------  ------------------------------------------------------- 
d)   Aggregated information       Price                        Volume                       Total 
      - Aggregated volume 
      - Price 
---  ---------------------------  ---------------------------  ---------------------------  -------------------------- 
                                   1 nil                        1 668,157                    1 nil 
---  ---------------------------  ---------------------------  ---------------------------  -------------------------- 
                                   2 135.15p                    2 316,707                    2 GBP428,029.51 
 -------------------------------  ---------------------------  ---------------------------  -------------------------- 
e)   Date of the transaction      16 October 2017 
---  ---------------------------  ------------------------------------------------------------------------------------ 
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                        Initial Notification 
     notification/Amendment 
---  ---------------------------  ---------------------------------------------------------------------------------- 
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             Ordinary shares of GBP0.10 each in the capital of Hansteen Holdings PLC 
     financial instrument, type      GB00B0PPFY88 
     of instrument 
     Identification code 
---  ---------------------------  ---------------------------------------------------------------------------------- 
b)   Nature of transaction        1 Exercise of options over 431,526 Ordinary Shares pursuant to Hansteen Holdings 
                                  PLC Performance 
                                  Share Plan 2012 
                                  2 Sale of 204,544 shares to cover tax, NI contribution and dealing costs. The 
                                  balance of 226,982 
                                  shares retained. 
---  ---------------------------  ---------------------------------------------------------------------------------- 
c)   Price(s) and volume(s)       Price(s)                    Volume(s) 
---  ---------------------------  --------------------------  ------------------------------------------------------ 
                                  1. nil                      1. 431,526 
  ------------------------------  --------------------------  ------------------------------------------------------ 
                                  2. 135.15p                  2. 204,544 
  ------------------------------  --------------------------  ------------------------------------------------------ 
d)   Aggregated information       Price                       Volume                      Price 
      - Aggregated volume 
      - Price 
---  ---------------------------  --------------------------  --------------------------  -------------------------- 
                                  1 nil                       1 431,526                   1 nil 
---   --------------------------  --------------------------  --------------------------  -------------------------- 
                                  2 135.15p                    2 204,544                  2 GBP276,441.22 
  ------------------------------  --------------------------  --------------------------  -------------------------- 
e)    Date of the transaction     16 October 2017 
----  --------------------------  ---------------------------------------------------------------------------------- 
f)    Place of the transaction    London Stock Exchange 
----  --------------------------  ---------------------------------------------------------------------------------- 
 
 

For further information:

Karen Rowe

Capita Company Secretarial Services Limited

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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October 17, 2017 11:39 ET (15:39 GMT)