13th Apr 2006 11:55
Taylor Woodrow PLC13 April 2006 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 Directors: J. G. (Iain) Napier P. T. Johnson Persons Discharging Managerial Responsibilities: E. Hinchliffe A. Luhaste R. I. Morbey I. Morris T. Peach J. R. Peshkin 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 Not connected persons 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 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 nameJ. G. (Iain) Napier 270,701 1,250 (HSDL Nominees Ltd)P. T. Johnson 93,157 1,250 (HSDL Nominees Ltd)E. Hinchliffe 79,028 1,250 (HSDL Nominees Ltd)A. Luhaste 74,868 2,204 (HSDL Nominees Ltd)R. I. Morbey 71,880 59,448 (Mrs. G. Morbey)I. Morris 39,046 1,012 (HSDL Nominees Ltd)T. Peach 6,177 1,100 (HSDL Nominees Ltd)J. R. Peshkin 186,792 1,152 (Merrill Lynch a/c 65208)N. C. Smith 117,360 3,803 (HSDL Nominees Ltd)A. Wilby 87,008 902 (HSDL Nominees Ltd) 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 12 April 2006 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 % J. G. (Iain) Napier 271,951 0.047P. T. Johnson 94,407 0.016E. Hinchliffe 80,278 0.014A. Luhaste 77,072 0.013R. I. Morbey 131,328 0.023I. Morris 40,058 0.007T. Peach 7,277 0.00013J. R. Peshkin 187,944 0.033N. C. Smith 121,163 0.02A. Wilby 87,910 0.015 Percentage interests are calculated on 577,104,747 shares in issue net of16,976,757 shares held in Treasury. 16. Date issuer informed of transaction 12 April 2006 If a person discharging managerial responsibilities has been granted options bythe issuer complete the following boxes 17 Date of grant 12 April 2006 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 12 April 2009 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 is that firstly, the eps condition must be achieved as to atleast real 3% p.a. compound and secondly, that vesting is proportionate to the ranking ofthe company's TSR compared to a defined peer group. 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 criteriaJ. G. (Iain) Napier 118,754 79,169P. T. Johnson 69,305 23,101E. Hinchliffe 46,333 15,444A. Luhaste 24,218 6,054R. I. Morbey 29,746 7,436I. Morris 21,492 5,373T. Peach 29,591 9,863J. R. Peshkin 51,759 34,506N. C. Smith 42,829 14,276A. Wilby 42,517 14,172 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 PlanJ. G. (Iain) Napier 0 196,754 245,351 568,052P. T. Johnson 8,037 174,036 62,494 309,721E. Hinchliffe 8,037 155,172 79,028 193,309A. Luhaste 3,582 79,634 30,335 95,385R. I. Morbey 0 95,537 41,384 116,526I. Morris 0 68,154 39,046 84,955T. Peach 11,634 48,681 3,464 107,376J. R. Peshkin 0 188,833 193,704 245,138N. C. Smith 9,252 108,316 73,891 152,264A. Wilby 4,177 125,354 58,671 169,610 TotalsJ. G. (Iain) Napier 1,010,157P. T. Johnson 554,288E. Hinchliffe 435,564A. Luhaste 208,936R. I. Morbey 253,447I. Morris 192,155T. Peach 171,155J. R. Peshkin 627,675N. C. Smith 343,723A. Wilby 357,812 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 13 April 2006 End This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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