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Director/PDMR Shareholding

10 Apr 2013 17:56

RNS Number : 0729C
Taylor Wimpey PLC
10 April 2013
 



TAYLOR WIMPEY PLC - DIRECTORS' SHARE DEALINGS

 

Taylor Wimpey plc (the Company) announces that following the achievement of: (1) performance conditions, and consequent partial vesting, of (a) share option grants made 7 August 2009 at an option price of 39.34 pence per share under the Taylor Wimpey Share Option Plan "ESOP", and of (b) nil cost options granted on 7 August 2009 and 22 March 2010 under the Taylor Wimpey Performance Share Plan "PSP"; and (2) the release of shares as nil cost options following the expiry of the three year qualifying period applicable to the deferral of the 2009 cash bonus award, pursuant to the rules of the Taylor Wimpey Executive incentive "EIS", the Directors of the Company named below have today carried-out the following transactions.

 

 

 

Pete Redfern

Ryan Mangold

James Jordan

ESOP

PSP

EIS

ESOP

PSP

 

ESOP

PSP

EIS

 

Number of share options exercised

 

1,653,629

 

1,304,430

 

503,266

 

196,861

 

143,916

 

575,818

 

454,220

 

233,659

 

 

 

 

 

 

 

 

 

Shares sold to meet option cost

(758,821)

N/A

N/A

(90,336)

N/A

(264,233)

N/A

N/A

Shares sold to meet tax and NI liability, and dealing costs

 

(423,518)

(615,968)

(237,649)

(40,382)

(67,812)

(147,476)

(214,019)

(110,096)

Net shares acquired

 

471,290

688,462

265,617

178,749

76,104

164,109

240,201

123,563

 

Total shares acquired

 

1,425,369

 

254,853

 

527,873

 

Other shares sold*

 

 

 

(746,532)

 

Nil

 

Nil

 

Shares retained by Director

 

678,837

 

254,853

 

527,873

 

 

*Pete Redfern has today sold 746,532 shares at a price of 85.73 pence per share in order to meet an obligation under the terms of his matrimonial settlement.

 

As a result of these above transactions the shareholdings of the Directors in the shares of the Company is as follows:

 

 

Holding prior to above dealings

Holding after above dealings

% of shareholding to salary**

Pete Redfern

 

1,721,576

2,133,682

242%

Ryan Mangold

 

305,846

560,699

138%

James Jordan

 

642,741

1,046,775

256%

**as at today's date, including net amount of deferred shares held on trust under the EIS.

 

James J Jordan

Group Legal Director and Company Secretary

10 April 2013

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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