Hansteen Holdings plc Director/PDMR Shareholding (6066L)
20 April 2018 - 6:11PM
UK Regulatory
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: 020 7954 9792
This information is provided by RNS
The company news service from the London Stock Exchange
END
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