14th Mar 2005 12:01
Taylor Woodrow PLC14 March 2005 Taylor Woodrow Employee Share Ownership Trust Taylor Woodrow plc ("the company") has been notified of the transfer on 14 March2005 of 1,300,495 25p ordinary shares of the company ("shares") by the TaylorWoodrow Employee Share Ownership Trust ("ESOT"). These shares have been transferred to employees who validly exercised optionsgranted over shares pursuant to the Taylor Woodrow Executive Share Option Planand the Taylor Woodrow Executive Bonus Plan. Where individual employee interests arising from this transaction are themselvesreportable, appropriate disclosure has been made. Following this disposal, the ESOT now holds 4,856,637 shares. Each of the executive directors of the company is a potential beneficiary underthe ESOT and therefore, in accordance with section 329 Companies Act 1985, isregarded as having a notional interest in the ESOT holding of 4,856,637 shares.Despite having this notional interest, each executive director will only beentitled to receive shares from the ESOT in satisfaction of options granted tohim pursuant to the company's share option plans as previously disclosed. Richard MorbeyGroup Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Taylor Wimpey