1st Aug 2014 17:04
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
Related Shares:
Taylor Wimpey