Last checked at 30 Mar 2016 18:01
TAYLOR WIMPEY PLC - DIRECTORS' SHARE DEALINGS
RNS ANNOUNCEMENT NUMBER 5419T RELEASED AT 10.58 TODAY - MINOR REVISION
Taylor Wimpey plc (the Company) announces that following the expiry of the three year qualifying period applicable to the 2013 deferral of the 2012 cash bonus award, including DRIP dividend shares added during the three year qualifying period, pursuant to the rules of the Taylor Wimpey Executive Incentive Plan ("EIS"), the shares have been released as nil cost options and the Directors of the Company named below have carried out the following transactions in accordance with applicable Company shareholding guidelines:
| Ryan Mangold | James Jordan | ||||
| EIS | EIS |
| |||
Number of share options exercised |
|
116,078 |
125,051 | |||
Shares sold to meet tax and NI liability, and dealing costs
| (54,694) | (59,062) | ||||
Other shares sold
| Nil | (52,733) | ||||
Total shares acquired and retained by Director | 61,384 | 13,256 | ||||
The above transactions were carried out in London on 29 March 2016 at an average price of 189.80 pence per share.
As a result of the transactions the shareholdings of the Directors in the shares of the Company have increased as follows:
| Holding prior to above dealings | % of shareholding to salary prior to above dealings | Holding after above dealings | % of shareholding to salary* |
Ryan Mangold
| 892,399 | 423% | 953,783 | 453% |
James Jordan
| 1,561,524** | 802% | 1,574,780** | 809% |
*based on the price of 189.80 pence at which the above transactions were carried out, and excluding deferred shares currently held on trust under the EIS.
** each total has been increased by 170 shares to reflect the shares acquired by James Jordan via the Share Incentive Plan (SIP) on 8 March 2016. Accordingly, the above totals have been increased from 1,561,354 shares and 1,574,610 shares to 1,561,524 shares and 1,574,780 shares respectively.
James J Jordan
Group Legal Director and Company Secretary
30 March 2016