9th Aug 2005 08:57
Taylor Woodrow PLC09 August 2005 Taylor Woodrow Employee Share Ownership Trust Taylor Woodrow plc ("the company") has been notified of the transfer on 8 August 2005 of 87,549 25p ordinary shares of the company ("shares") by the Taylor Woodrow Employee Share Ownership Trust ("ESOT"). These shares have been transferred to employees who validly exercised options granted over shares pursuant to the TaylorWoodrow Executive Share Option Plan. Where individual employee interests arising from this transaction are themselves reportable, appropriate disclosure has been made. Following this disposal, the ESOT now holds 4,642,225 shares. Each of the executive directors of the company is a potential beneficiary underthe ESOT and therefore, in accordance with section 329 Companies Act 1985, isregarded as having a notional interest in the ESOT holding of 4,642,225 shares.Despite having this notional interest, each executive director will only be entitled to receive shares from the ESOT in satisfaction of options granted to him pursuant to the company's share option plans as previously disclosed. Richard MorbeyGroup Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Taylor Wimpey