20th Dec 2016 11:10
BELLWAY PLC - Director/PDMR ShareholdingBELLWAY PLC - Director/PDMR Shareholding
PR Newswire
London, December 20
BELLWAY p.l.c. (‘the Company’)
NOTIFICATION OF TRANSACTIONS OFPERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
20 DECEMBER 2016
The Company was informed yesterday that under the terms of the Bellway p.l.c. Employee Share Trust (1992) (an arrangement to reward directors and employees) 38,312 ordinary 12.5p shares (including dividend equivalent shares which have accrued between grant and vesting) were transferred on 19 December 2016 to Edward Ayres for nil consideration under the Bellway p.l.c. (2013) Performance Share Plan.
Mr Ayres immediately thereafter sold 33,782 Bellway p.l.c. 12.5p ordinary shares at a price of £24.022 per share to cover income tax and NI liabilities and to provide funds towards the purchase of a property from Bellway Homes Limited. The purchase of the property for £390,995 was approved by shareholders at the Company’s Annual General Meeting on 13 December 2016. Full details are set out in the Notice of Meeting which is available on the Company’s website. The balance of 4,530 shares were transferred to Mrs Jane Ayres.
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 OFPERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | 1 Ted Ayres 2 Jane Ayres |
| 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 December 2013 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 and to finance the purchase of a property from Bellway Homes Limited. 1c & 2 Transfer of shares to Jane Ayres (PCA). |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1a Nil 38,312 1b £24.022 33,782 1c & 2 Nil 4,530 |
| d) | Aggregated information Aggregated volume Price | N/A N/A |
| e) | Date of the transaction | 19 December 2016 |
| 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