BELLWAY p.l.c.
DIRECTORS' SHAREHOLDINGS
9 DECEMBER 2014
The Company was yesterday informed in Newcastle upon Tyne, the following
directors acquired 6,058 ordinary 12.5p shares in the Company in relation to
participation in the Bellway p.l.c. (2008) Share Matching Plan(`the Plan') at a
price of 1888.4p per share as follows:
E F Ayres 3,859
K D Adey 2,199
Total 6,058
In addition, in connection with the purchase of such shares (known as
"Investment Shares" for the purposes of the Plan) pursuant to the rules of the
Plan, the two directors concerned were, on the same day, granted nil cost
option awards (known as "Matching Awards") in respect of 22,860 ordinary 12.5p
shares in the Company as follows:
E F Ayres 14,562
K D Adey 8,298
Total 22,860
The number of shares awarded under the Matching Awards was calculated by
reference to the number of Investment Shares acquired in accordance with the
rules of the Plan.
Subject to the terms of the Plan, in the normal course of events the Matching
Awards will vest on the third anniversary of grant subject to the grantee's
continued service, the retention of the linked Investment Shares and the extent
to which performance targets measured over a three year period (`the
Performance Period') are satisfied. The Performance Period to be used commenced
on 1 August 2014 and ends on 31 July 2017.
To the extent the Matching Awards vest, the underlying nil cost option may be
exercised during a six month exercise window commencing on the date of vesting.
Following the grant of the Matching Awards, the aforementioned directors have
an interest in 61,163 ordinary 12.5p shares under the terms of the Bellway
p.l.c. (2008) Share Matching Plan, as follows:
E F Ayres 44,567 (0.036%)
K D Adey 16,596 (0.013%)
Total 61,163
In addition, following the above transaction, the aforementioned directors have
a beneficial interest in 44,812 ordinary 12.5p shares in the Company as
follows:
E F Ayres 37,654 (0.030%)
K D Adey 7,158 (0.005%)
Total 44,812
The other interests of the directors remain unchanged.
This notification is made in accordance with DR 3.1.4R(1)(a).
Name of contact and telephone number for queries:
Kevin Wrightson, Tel: 0191 217 0717
For and on behalf of Bellway p.l.c.
Kevin Wrightson
Group Company Secretary
Date: 9 December 2014
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.