28th Nov 2016 15:50
BELLWAY PLC - Director/PDMR ShareholdingBELLWAY PLC - Director/PDMR Shareholding
PR Newswire
London, November 28
BELLWAY p.l.c. (‘the Company’)
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
28 NOVEMBER 2016
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) 10,182 ordinary 12.5p shares (including dividend equivalent shares which have accrued between grant and vesting) were transferred on 28 November 2016 to Keith Adey for nil consideration under the Bellway p.l.c. (2008) Share Matching Plan.
Mr Adey immediately thereafter sold 4,800 Bellway p.l.c.12.5p ordinary shares at a price of £24.12 per share to cover income tax and NI liabilities and transferred the balance of 5,382 shares to Mrs Jayne Adey. In addition, Mr Adey also transferred to Mrs Jayne Adey for nil consideration the 2,470 12.5p ordinary shares which he purchased as Investment Shares in connection with the grant of this award in November 2013.
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 | |
| 4 | Details of the transaction(s): section t date; o 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 2013 under the Company’s Share Matching 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 10,182 1b £24.12 4,800 1c+2 £Nil 7,852 |
| d) | Aggregated information | N/A N/A |
| e) | Date of the transaction | 28 November 2016 |
| f) | Place of the transaction | London Stock Exchange (XLON) |
Name of contact and telephone number for queries:
Simon Scougall
Group General Counsel & Company Secretary
Bellway p.l.c.
Tel: 0191 217 0717
Related Shares:
Bellway