Crest Nicholson Holdings plc has announced a transaction by Bill Floydd, Group Finance Director, under the Long-Term Incentive Plan (LTIP). Floydd has been granted an award over 287,301 Ordinary Shares of 5 pence each in the Company, subject to performance conditions in respect of total shareholder return, return on capital employed, and the absolute reduction in scope 1 and scope 2 carbon emissions. The LTIP Award will vest on 5 February 2027. The number of shares subject to the LTIP Award has been calculated based on the average of the closing middle market quotation of a share in the Company for the five preceding dealing days to the grant date of 5 February 2024.
The details of the performance conditions can be found in the Company's 2023 Annual Report. The notification and public disclosure of the transaction have been made in accordance with regulatory requirements. The transaction involved the grant of a share award over Ordinary Shares under the Crest Nicholson Holdings plc Long-Term Incentive Plan ('LTIP') at a price of Nil for a volume of 287,301 shares. The transaction took place outside a trading venue on 5 February 2024.
For further information, individuals can contact Penny Thomas, Group Company Secretary at +44(0)7977 851249.