4th Dec 2017 14:25
BELLWAY PLC - Director/PDMR ShareholdingBELLWAY PLC - Director/PDMR Shareholding
PR Newswire
London, December 4
BELLWAY p.l.c. (‘the Company’)
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
4 DECEMBER 2017
The Company was informed today that under the terms of the Bellway p.l.c. Employee Share Trust (1992) (an arrangement to reward directors and employees) 9,451 ordinary 12.5p shares (including dividend equivalent shares which have accrued between grant and vesting) were transferred on 4 December 2017 to Keith Adey for nil consideration under the Bellway p.l.c. (2008) Share Matching Plan (the ‘Plan’).
Mr Adey immediately thereafter sold 4,451 Bellway p.l.c. 12.5p ordinary shares at a price of £34.70 per share to cover income tax and NI liabilities and transferred the balance of 5,000 shares and 1,199 of the Investment Shares he held relating to the Plan to Mrs Jayne Adey.
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 OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | 1 Keith Adey 2 Jayne Adey |
| 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 2014 under the Company’s Share Matching Plan and associated dividend accrual shares. 1b Sale of shares to cover income tax and NI liability due on the exercise of this award. 1c+2a Transfer of balance of shares to Jayne Adey (PCA). 2b Transfer of some of the investment shares held by Keith Adey under the Plan to Jayne Adey (PCA). |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1a Nil 9,451 1b £34.70 4,451 1c+2a Nil 5,000 2b Nil 1,199 |
| d) | Aggregated information Aggregated volume Price | N/A N/A |
| e) | Date of the transaction | 4 December 2017 |
| f) | Place of the transaction | London Stock Exchange (XLON) |
Name of contact and telephone number for queries:
Simon Scougall
Group General Counsel & Company Secretary
Bellway p.l.c.
Tel: 0191 217 0717
Related Shares:
Bellway