Director/PDMR Shareholding

RNS Number : 0941O

Taylor Wimpey PLC

01 August 2014

 



TAYLOR WIMPEY PLC - DIRECTORS' SHARE DEALINGS

Taylor Wimpey plc (the Company) announces that following: (1) the achievement of performance conditions, and consequent partial vesting, of nil cost options granted on 1 April 2011 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 2011 cash bonus award, pursuant to the rules of the Taylor Wimpey Executive Incentive Plan "EIS", the Directors of the Company named below have today carried-out the following transactions in accordance with applicable Company shareholding guidelines :

	Pete Redfern			Ryan Mangold			James Jordan
		PSP	EIS	PSP	EIS			PSP	EIS
Number of share options exercised		3,174,213	419,679	1,292,357	21,357			1,473,741	194,849
Shares sold to meet tax and NI liability, and dealing costs		(1,495,620)	(197,744)	(608,931)	(10,063)			(694,395)	(91,809)
Other shares sold		(1,007,156)	(221,935)	(495,028)	(Nil)			(467,608)	(61,824)
Net shares acquired		671,437	Nil	188,398	11,294			311,738	41,216
Total shares acquired and retained by Director			671,437		199,692				352,954

The above transactions were carried out in London at an average price of 111.73 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*
Pete Redfern	2,016,066	291%	2,687,503	389%
Ryan Mangold	437,100	137%	636,792	200%
James Jordan	952,519	296%	1,305,473	407%

*based on the price of 111.73 pence at which the above transactions were carried out, and excluding deferred shares held on trust under the EIS.

James J Jordan

Group Legal Director and Company Secretary

1 August 2014   

 

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