Director/PDMR Shareholding

RNS Number : 5418H

Bellway PLC

05 November 2008

 



BELLWAY PLC - DIRECTOR'S SHAREHOLDINGS

5TH NOVEMBER 2008

The company was today informed that under the terms of the Bellway plc Employee Share Trust (1992) and the Bellway plc (2004) performance Share Plan (arrangements used to reward directors and employees) the following directors were on 4th November 2008 awarded rights over ordinary 12.5p shares in the company as follows:

J K Watson         -       89,487

P J Stoker           -       58,167

A M Leitch          -       58,167

                                   205,821

The Awards, which relate to existing shares, are to be held in the Bellway plc Employee Share Trust (1992) until at least 4th November 2011.

The above Awards are maximum awards and the degree to which they will actually vest depends on performance targets measured over a three year period (the 'performance period'). The performance period which is to be used commenced on 1st August 2008 and ends on 31st July 2011.

Following the above awards, the total number of shares held in the trust is 180,858 (0.16%) (180,858; 0.16%). Of these, the executive directors hold a beneficial interest in 99,669 (0.09%) (99,669; 0.09%) ordinary shares held under the terms of the company's deferred bonus arrangements.

Under the terms of the Bellway plc (2004) Performance Share Plan, certain Bellway plc directors have a potential further beneficial interest in up to 651,536 (0.57%) (445,715; 0.38%) shares held in the Trust.

In addition, each Bellway executive director has a potential further beneficial interest in up to nil (0.0%) (nil; 0.0%) shares held in the Trust.

The other interests of the directors remain unchanged.

Ends

 

END

 

 

RDSGGMGMVKLGRZM