10th Apr 2007 13:57
Taylor Woodrow PLC10 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 4. State whether notification relates to a person connected with a persondischarging managerial responsibilities/director named in 3 and identify theconnected person Director only 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 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 them Own name Other name P. T. Johnson 145,793 1,250 (HSDL NomineesLimited) 8 State the nature of the transaction 1. (A). Purchase of contributory shares under the Taylor Woodrow Deferred Bonus Plan, using cash bonus earned in 2006 to acquire shares; 1. (B). Grant of a one for one matching option under the Taylor Woodrow Deferred Bonus Plan, which, if the associated contributory shares(see 1.A (above) are held for at least three years, and the performance condition is met whereby the company's earnings per share increase over the three year holding period by at least 3% cumulative above the growth in the UK Retail Prices Index over the corresponding period, is exercisable at the end of that three year performanceperiod. 9. Number of shares, debentures or financial instruments relating to sharesacquired P. T. Johnson 59,253 10. Percentage of issued class acquired (treasury shares of that class shouldnot be taken into account when calculating percentage) P. T. Johnson 0.01% (Percentages shown are calculated relative to shares in issue less treasuryshares on date of purchase which was 581,926,290 shares) 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 Purchase of shares 519p per share 14. Date and place of transaction 10 April 2007 15. Total holding following notification and total percentage holding followingnotification (any treasury shares should not be taken into account whencalculating percentage) Holding Percentage P. T. Johnson 206,296 0.0354 (Percentages shown are calculated relative to shares in issue less treasuryshares on date of transactions which was 581,926,290 shares) 16. Date issuer informed of transaction 10 April 2007 If a person discharging managerial responsibilities has been granted options bythe issuer complete the following boxes 17 Date of grant 10 April 2007 18. Period during which or date on which it can be exercised The award vests, subject to retention of the associated qualifying share awardfor three years and subject also to the achievement of the performance criterion,following publication of the company's accounts for the performance period(i.e. expected to be in early 2010). 19. Total amount paid (if any) for grant of the option Nil 20. Description of shares or debentures involved (class and number) All of the above refer to 25p ordinary shares of Taylor Woodrow plc 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 P. T. Johnson 469,810 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 Richard Morbey Secretary, Taylor Woodrow plc Date of notification 10 April 2007. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Taylor Wimpey