Last checked at 24 May 2016 13:00
TAYLOR WIMPEY PLC - DIRECTORS' SHARE DEALINGS
Taylor Wimpey plc (the Company) announces:
The exercise by Pete Redfern, Director, of his option over shares deferred in 2013 as part of his 2012 cash bonus award, following the expiry of the three year qualifying period applicable to the 2013 deferral, and including DRIP dividend shares added during the three year qualifying period, pursuant to the rules of the Taylor Wimpey Executive Incentive Plan ("EIS"). Those shares were released as nil cost options and Pete Redfern has carried out the following transactions in accordance with applicable Company shareholding guidelines:
| Pete Redfern | |||
| EIS | |||
Number of share options exercised |
|
269,339 | ||
|
|
|
| |
Shares sold to meet tax and NI liability, and dealing costs
|
| (126,589) | ||
Other shares sold
|
| (142,750) | ||
The above transactions were carried out in London on 24 May 2016 at a price of 206.02 pence per share.
And
The sale by Pete Redfern and James Jordan, Directors, of the following shares:
Pete Redfern James Jordan
Number of shares sold 1,656,327 529,622
The above transactions were carried out in London on 23 May 2016 at a price of 205.35 pence per share.
As a result of the transactions the holdings of the Directors in shares of the Company have decreased as follows:
| Holding prior to above dealings | % of shareholding to salary prior to above dealings | Holding after above dealings | % of shareholding to salary (target 200%) *† |
Pete Redfern
|
3,331,774 |
730% |
1,675,447 |
420% |
James Jordan
| 1,575,106 | 743% | 1,045,484 | 564% |
*based on the price of 205.35 pence at which the share sale transactions were carried out on 23 May 2016, and excluding deferred shares currently held on trust under the EIS.
†the retained shares exclude all LTIPs and EIS deferred shares.
James J Jordan
Group Legal Director and Company Secretary
24 May 2016