14th Mar 2008 16:50
Taylor Wimpey PLC14 March 2008 Taylor Wimpey plc 14 March 2008 In accordance with Disclosure Rule 3.1.4R(1), Taylor Wimpey plc (the 'Company')announces that SG Hambros Trust Company (Channel Islands) Limited, as Trustee ofthe Taylor Wimpey plc Executive Incentive Scheme (the 'Scheme') has set asideout of its balance of ordinary shares in the Company, for use under the Scheme,six hundred and forty four thousand and seventeen (644,017) shares on 13 March2008 at 163.4 pence per share (being the closing quotation for the Company'sshares on the Stock Exchange on that date). Under the Scheme, certain participants are required to defer for a period ofthree years a proportion of their bonus into shares in the Company with suchshares to be released only to participants who remain with the Group for theduration of the deferral period (subject to very limited and customaryexceptions). In the case of participating Directors of the Company and theGroup Company Secretary and General Counsel, who is a designated PersonDischarging Managerial Responsibility, the proportion of the annual bonus whichis deferred into shares is fifty percent. The executives listed below have the following interest in the shares held ontrust with each amount equivalent to 50% of their bonus: Pete Redfern, Group Chief Executive - 170,700 Peter Johnson, Group Finance Director - 35,918 Ian Sutcliffe, Chief Executive, Taylor Wimpey UK - 137,698 James Jordan, Group Company Secretary and General Counsel - 82,064 Each of the above executives participated in the Scheme with effect from 1 July2007. The total amount of shares in respect of Messrs Redfern, Sutcliffe andJordan only, relate to their bonuses for the full year as the George WimpeyExecutive Incentive Scheme which they each participated in for the first half of2007 (i.e. prior to the merger of Taylor Woodrow plc and George Wimpey Plc on 3July 2007), required deferral on the same basis as the Scheme. This notification is also made in satisfaction of the disclosure requirementcontained in section 324 of the Companies Act 1985. James Jordan Group Company Secretary and General Counsel Taylor Wimpey plc 14 March 2008 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Taylor Wimpey