2nd Mar 2016 16:22
TAYLOR WIMPEY PLC - DIRECTORS' SHARE DEALINGS
Taylor Wimpey plc (the Company) announces that following the achievement of performance conditions, and consequent vesting of nil cost options granted on 6 March 2013 under the Taylor Wimpey Performance Share Plan "PSP", the Directors of the Company named below carried-out the following transactions on 1st March 2016 in accordance with applicable Company shareholding guidelines:
| Pete Redfern | Ryan Mangold | James Jordan | ||||||
| PSP | PSP |
|
| PSP | ||||
Number of share options exercised |
|
1,859,095 |
801,224 |
|
863,151 | ||||
Shares sold to meet tax and NI liability, and dealing costs
| (878,431) | (378,587) | (407,847) | ||||||
Balance shares sold
| (980,664) | (422,637) | (455,304) | ||||||
The above transactions were carried out in London at an average price of 186.61 pence per share.
Following the above transactions, the shareholdings of the Directors continue to remain at levels which are substantially above the individual shareholding guidelines that are in place for each of them. The current shareholdings for each Director are as set out below:
| Shareholding before and after above dealings | % of shareholding to salary* |
Pete Redfern
| 3,331,276 | 781% |
Ryan Mangold
| 892,399 | 416% |
James Jordan
| 1,561,354 | 788% |
*based on the price of 186.61 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
2 March 2016
Related Shares:
Taylor Wimpey