Taylor Wimpey PLC
14 March 2008
Taylor Wimpey plc
14 March 2008
In accordance with Disclosure Rule 3.1.4R(1), Taylor Wimpey plc (the 'Company')
announces that SG Hambros Trust Company (Channel Islands) Limited, as Trustee of
the Taylor Wimpey plc Executive Incentive Scheme (the 'Scheme') has set aside
out of its balance of ordinary shares in the Company, for use under the Scheme,
six hundred and forty four thousand and seventeen (644,017) shares on 13 March
2008 at 163.4 pence per share (being the closing quotation for the Company's
shares on the Stock Exchange on that date).
Under the Scheme, certain participants are required to defer for a period of
three years a proportion of their bonus into shares in the Company with such
shares to be released only to participants who remain with the Group for the
duration of the deferral period (subject to very limited and customary
exceptions). In the case of participating Directors of the Company and the
Group Company Secretary and General Counsel, who is a designated Person
Discharging Managerial Responsibility, the proportion of the annual bonus which
is deferred into shares is fifty percent.
The executives listed below have the following interest in the shares held on
trust with each amount equivalent to 50% of their bonus:
Pete Redfern, Group Chief Executive - 170,700
Peter Johnson, Group Finance Director - 35,918
Ian Sutcliffe, Chief Executive, Taylor Wimpey UK - 137,698
James Jordan, Group Company Secretary and General Counsel - 82,064
Each of the above executives participated in the Scheme with effect from 1 July
2007. The total amount of shares in respect of Messrs Redfern, Sutcliffe and
Jordan only, relate to their bonuses for the full year as the George Wimpey
Executive Incentive Scheme which they each participated in for the first half of
2007 (i.e. prior to the merger of Taylor Woodrow plc and George Wimpey Plc on 3
July 2007), required deferral on the same basis as the Scheme.
This notification is also made in satisfaction of the disclosure requirement
contained in section 324 of the Companies Act 1985.
James Jordan
Group Company Secretary and General Counsel
Taylor Wimpey plc
14 March 2008
This information is provided by RNS
The company news service from the London Stock Exchange
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