Hansteen Holdings plc Director/PDMR Shareholding (6066L)

TIDMHSTN

RNS Number : 6066L

Hansteen Holdings plc

20 April 2018

20 April 2018

Hansteen Holdings PLC

("Hansteen" or the "Company")

Director/PDMR Shareholding

On 20 April 2018 Richard Phillip Lowes, a director of the Company, was granted an award over 249,729 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 Hansteen closing share price on 19 April 2018, being 129.10 pence.

The award will vest no earlier than 20 April 2021 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 20 April 2021.

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                        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          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                                                          249,729 
  -----------------------------------------------------------  ------------------------------------------------------- 
d)   Aggregated information             Price                        Volume                      Total 
      - Aggregated volume 
      - Price 
                                  ---------------------------  --------------------------  --------------------------- 
       nil                                                           249,729                    nil 
e)   Date of the transaction        20 April 2018 
---  ---------------------------  ------------------------------------------------------------------------------------ 
f)   Place of the transaction       London Stock Exchange 
---  ---------------------------  ------------------------------------------------------------------------------------ 
 

For further information:

Marco Murray

Link Company Matters Limited

Company Secretary

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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April 20, 2018 04:11 ET (08:11 GMT)