22nd Jan 2008 11:53
Bellway PLC22 January 2008 BELLWAY PLC - DIRECTOR'S SHAREHOLDINGS 22ND JANUARY 2008 The company was yesterday informed that under the terms of the Bellway plcEmployee Share Trust (1992) and the Bellway plc (2004) performance Share Plan(arrangements used to reward directors and employees) the following directorswere on 16th January 2008 awarded rights over ordinary 12.5p shares in thecompany as follows: J K Watson - 67,159 P J Stoker - 43,653 A M Leitch - 43,653 154,465 The Awards, which relate to existing shares, are to be held in the Bellway plcEmployee Share Trust (1992) until at least 16th January 2011. The above Awards are maximum awards and the degree to which they will actuallyvest depends upon performance targets measured over a three year period (the "performance period"). The performance period which is to be used commenced on1st August 2007 and ends on 31st July 2010. Following the above awards, the total number of shares held in the trust is226,817 (0.20%) (226,817; 0.20%). Of these, the executive directors hold abeneficial interest in 140,333 (0.12%) (140,333; 0.12%) ordinary shares heldunder the terms of the company's deferred bonus arrangements. Under the terms of the Bellway plc (2004) Performance Share Plan, certainBellway plc directors have a potential further beneficial interest in up to445,715 (0.39%) (291,250; 0.26%) shares held in the Trust. In addition, each Bellway executive director has a potential further beneficialinterest in up to nil (0.0%) (nil; 0.0%) shares held in the Trust. The other interests of the directors remain unchanged. Ends This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Bellway