25th Mar 2015 15:16
TAYLOR WIMPEY PLC - DIRECTORS' SHARE DEALINGS
Taylor Wimpey plc (the Company) announces that following the expiry of the three year qualifying period applicable to the 2012 deferral of the 2011 cash bonus award, including DRIP dividend shares added during the three year qualifying period, pursuant to the rules of the Taylor Wimpey Executive Incentive Plan "EIS", the shares have been released as nil cost options and 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 | ||||||
| EIS | EIS |
|
| EIS | ||||
Number of share options exercised |
|
387,541 |
157,784 |
|
179,930 | ||||
Shares sold to meet tax and NI liability, and dealing costs
| (182,602) | (74,345) | (84,780) | ||||||
Other shares sold
| N/A | N/A | (47,575) | ||||||
Total shares acquired and retained by Director | 204,939 | 83,439 | 47,575 | ||||||
The above transactions were carried out in London at an average price of 159.19 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
| 3,124,555 | 643% | 3,329,494 | 685% |
Ryan Mangold
| 806,792 | 361% | 890,231 | 398% |
James Jordan
| 1,511,995 | 670% | 1,559,570 | 692% |
*based on the price of 159.19 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
25 March 2015
Related Shares:
Taylor Wimpey