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11 Dec 2014 16:59
Countrywide plc
Notification of Transactions of Directors / Persons Discharging Managerial Responsibility
RE: Paragraph 3.1.4 of the Disclosure and Transparency Rules ("DTRs")
Countrywide plc (the "Company") announces that it was advised by Grenville Turner, Chairman of the Company, on 10th December 2014 and in accordance with DTR 3.1.2 R, that on 10th December 2014, in London, he sold in aggregate 880,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") (being 0.41% of the issued share capital) from his direct and indirect interests, at an average price of 446p per share. Following the sale, Grenville Turner retains direct and indirect interest in 1,071,524 Ordinary Shares of the company, being 0.49% of the issued share capital.
In addition to his direct and indirect shareholdings Mr Turner has the following unvested share options:
IPO Plan 1,828,045 50% vesting in each of March 2015 and March 2016
LTIP 129,545 vesting September 2016
Mr Turner retains a significant holding in the company. The transaction is part of a planned rebalancing of his personal portfolio and family trusts.
Enquiries: | Jim Clarke |
07979 477299 |
Gareth Williams (Company Secretary) 11 December 2014
Countrywide plc17 Duke StreetChelmsfordEssexCM1 1HPUnited KingdomWEBSITE: http://www.countrywide.co.uk
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