10th Nov 2020 14:43
BELLWAY PLC - Director/PDMR ShareholdingBELLWAY PLC - Director/PDMR Shareholding
PR Newswire
London, November 10
BELLWAY p.l.c. (‘the Company’)
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
10 NOVEMBER 2020
The Company was informed today that under the terms of the Bellway p.l.c. Employee Share Trust (1992) (an arrangement to reward directors and employees) 9,066 ordinary 12.5p shares (including dividend equivalent shares which have accrued between grant and vesting) were issued on 10 November 2020 to Keith Adey for nil consideration under the Bellway p.l.c. (2013) Performance Share Plan.
Mr Adey immediately thereafter sold 4,270 Bellway p.l.c. 12.5p ordinary shares at a price of £28.35 per share to cover income tax and NI liabilities and dealing costs and transferred the balance of 4,796 shares to Mrs Jayne Adey.
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulations.
BELLWAY p.l.c.
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | 1 Keith Adey 2 Jayne Adey |
| 2 | Reason for the notification | |
| a) | Position/status | 1 Director (PDMR) 2 PCA of PDMR |
| b) | Initial notification/Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Bellway p.l.c. |
| b) | LEI | 213800CY4L3HST4FGZ98 |
| 4 | Details of the transaction(s): section to date; to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each and (iv) each place where transactions have been conducted | |
| a) | Description of the financial instrument, type of instrument Identification code | 12.5p ordinary shares GB0000904986 |
| b) | Nature of the transaction | 1a Exercise of award granted in November 2017 under the Company’s Performance Share Plan and associated dividend accrual shares. 1b Sale of shares to cover income tax and NI liability due on the exercise of this award. 1c+2 Transfer of shares to Jayne Adey (PCA). |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1a Nil 9,066 1b £28.35 4,270 1c+2 Nil 4,796 |
| d) | Aggregated information Aggregated volume Price | N/A N/A |
| e) | Date of the transaction | 10 November 2020 |
| f) | Place of the transaction | London Stock Exchange (XLON) |
Name of contact and telephone number for queries:
Simon ScougallGroup General Counsel & Company SecretaryBellway p.l.c.Tel: 0191 217 0717
Related Shares:
Bellway