Hansteen Holdings plc Director/PDMR Shareholding (9334K)

TIDMHSTN

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/    Number of    Number of    Number of    Number of     Total shares  Shares sold    Shares 
             PDMR         shares       shares       shares       shares        awarded and   to cover tax   retained 
                          awarded on   awarded on   awarded on   awarded       exercisable   and National   by 
                          PSP 3 award  PSP 4 award  PSP 5 award  attributable  including     Insurance      individual 
                          28 March     10 April     16 March     to dividends  shares        Contributions 
                          2013 and     2014 and     2015 and     payable over  attributable  and dealing 
                          exercisable  exercisable  exercisable  the period    to dividends  costs at a 
                                                                 from grant                  share 
                                                                 to exercise                 price of 
                                                                                             135.15p 
-----------  -----------  -----------  -----------  -----------  ------------  ------------  -------------  ---------- 
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                        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 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             Price                        Volume                       Total 
      - Aggregated volume 
      - Price 
---  ---------------------------  ---------------------------  ---------------------------  -------------------------- 
                                   1 nil                        1 221,993                    1 nil 
---  ---------------------------  ---------------------------  ---------------------------  -------------------------- 
                                   2 126.1548p                  2 104,559                    2 GBP131,906.20 
 -------------------------------  ---------------------------  ---------------------------  -------------------------- 
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                        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 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       Price                        Volume                      Total 
      - Aggregated volume 
      - Price 
---  ---------------------------  ---------------------------  --------------------------  --------------------------- 
                                   1 nil                        1 221,993                   1 nil 
---  ---------------------------  ---------------------------  --------------------------  --------------------------- 
                                   2 126.1548p                  2 104,559                   2 GBP131,906.20 
 -------------------------------  ---------------------------  --------------------------  --------------------------- 
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                         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 financial    Ordinary shares of GBP0.10 each in the capital of Hansteen Holdings PLC 
     instrument, type of              GB00B0PPFY88 
     instrument 
     Identification code 
---  ----------------------------  --------------------------------------------------------------------------------- 
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        Price                       Volume                     Price 
      - Aggregated volume 
      - Price 
---  ----------------------------  --------------------------  -------------------------  -------------------------- 
                                   1 nil                       1 178,589                  1 nil 
---   ---------------------------  --------------------------  -------------------------  -------------------------- 
                                   2 126.1548p                  2 66,676                  2 GBP84,114.97 
  -------------------------------  --------------------------  -------------------------  -------------------------- 
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

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 13, 2018 11:48 ET (15:48 GMT)