3rd Apr 2007 14:46
Taylor Woodrow PLC03 April 2007 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIALRESPONSIBILITY OR CONNECTED PERSONS 1. Name of the issuer Taylor Woodrow plc 2. State whether the notification relates to (i) a transaction notified inaccordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (asextended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) (i) A transaction notified in accordance with DR 3.1.4R(1)(a) 3. Name of person discharging managerial responsibilities/director Director: P. T. Johnson Persons Discharging Managerial Responsibilities: W. J. Holland-Kaye J. Landrum A. Luhaste R. I. Morbey I. Morris T. Peach N. C. Smith A. Wilby 4. State whether notification relates to a person connected with a persondischarging managerial responsibilities/director named in 3 and identify theconnected person The person named above in each case 5. Indicate whether the notification is in respect of a holding of the personreferred to in 3 or 4 above or in respect of a non-beneficial interest Holding of the person named above in each case 6. Description of shares (including class), debentures or derivatives orfinancial instruments relating to shares 25p ordinary shares of Taylor Woodrow plc 7. Name of registered shareholders(s) and, if more than one, the number ofshares held by each of themName Shares held in own name Shares held in other nameP. T. Johnson 93,157 1,250 (HSDL Nominees Ltd)A. Luhaste 33,521 2,960 (HSDL Nominees Ltd)R. I. Morbey 75,516 82,948 (Mrs. G. Morbey)I. Morris 23,525 2,652 (HSDL Nominees Ltd)T. Peach 6,177 1,644 (HSDL Nominees Ltd)W. J. Holland-Kaye 67,918 1,250 (HSDL Nominees Ltd)N. C. Smith 113,730 3,803 (HSDL Nominees Ltd)A. Wilby 90,509 902 (HSDL Nominees Ltd)J. Landrum 0 0 8 State the nature of the transaction Conditional award of shares, deliverable in three years' time, subject to the achievement of defined eps and relative TSR performance criteria, under the Taylor Woodrow Performance Share Plan. 9. Number of shares, debentures or financial instruments relating to sharesacquired N/A 10. Percentage of issued class acquired (treasury shares of that class shouldnot be taken into account when calculating percentage) N/A 11. Number of shares, debentures or financial instruments relating to sharesdisposed N/A 12. Percentage of issued class disposed (treasury shares of that class shouldnot be taken into account when calculating percentage) N/A 13. Price per share or value of transaction N/A 14. Date and place of transaction 2 April 2007 15. Total holding following notification and total percentage holding followingnotification (any treasury shares should not be taken into account whencalculating percentage)Name Total shares now held %P. T. Johnson 94,407 0.016A. Luhaste 36,481 0.006R. I. Morbey 158,464 0.027I. Morris 26,177 0.0045T. Peach 7,821 0.001W. J. Holland-Kaye 69,168 0.012N. C. Smith 117,533 0.02A. Wilby 91,411 0.016J. Landrum 0 0 Percentage interests are calculated on 581,917,049 shares in issue net of12,233,047 shares held in Treasury. 16. Date issuer informed of transaction 2 April 2007 If a person discharging managerial responsibilities has been granted options bythe issuer complete the following boxes 17 Date of grant 2 April 2007 18. Period during which or date on which it can be exercised If the performance condition is met, the Taylor Woodrow 2004 Employee BenefitTrust will announce on 2 April 2010 whether, and to what extent, the share awardsvest. The performance condition is a combination of eps growth and total shareholder return ("TSR"). The eps condition is that for 50% of the eps-related awards to vest, Groupearnings per share for the three financial years prior to the vesting date shall not beless than real 3% p.a. compound. For 100% (the maximum) of the eps-related awards to vest, Group eps for the same period shall not be less than real 6% p.a. compound. The TSR condition compares the TSR of Taylor Woodrow to that of a defined group of UK housebuilders over three years, and further, requires real EPSgrowth of 3% p.a. 19. Total amount paid (if any) for grant of the option NIL 20. Description of shares or debentures involved (class and number)25p ordinary shares Conditional award related to eps Conditional award related to the performance criterion additional TSR performance criteriaP. T. Johnson 62,206 20,735A. Luhaste 20,224 5,056R. I. Morbey 24,514 6,128I. Morris 17,650 4,412T. Peach 25,127 8,375W. J. Holland-Kaye 29,417 9,805N. C. Smith 37,997 12,665A. Wilby 34,565 11,521J. Landrum 35,803 23,869 21. Exercise price (if fixed at time of grant) or indication that price is to befixed at the time of exercise NIL 22. Total number of shares or debentures over which options held followingnotification Sharesave Executive Plan Executive Bonus Plan Performance Share PlanP. T. Johnson 8,037 0 62,494 392,662A. Luhaste 3,582 2,353 30,335 120,665R. I. Morbey 3,389 0 41,384 147,168I. Morris 0 0 23,525 107,017T. Peach 5,471 0 3,464 140,878W. J. Holland-Kaye 4,177 50,602 63,028 98,409N. C. Smith 7,388 0 73,891 202,926A. Wilby 4,177 0 58,671 215,696J. Landrum 0 0 0 59,672 TotalsP. T. Johnson 463,193A. Luhaste 156,935R. I. Morbey 191,941I. Morris 130,542T. Peach 149,813W. J. Holland-Kaye 216,216N. C. Smith 284,295A. Wilby 278,544J. Landrum 59,672 23. Any additional information None 24. Name of contact and telephone number for queries M. A. Lonnon 0121 600 8542 Name and signature of duly authorised officer of issuer responsible for makingnotification R. I. Morbey Secretary, Taylor Woodrow plc Date of notification 3 April 2007 End This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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