Director/PDMR Shareholding

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     

 

END

 

 

RDSSFIFMSFDSEIL