TAYLOR WIMPEY PLC - DIRECTORS' SHARE DEALINGS
Taylor Wimpey plc (the Company) announces that following the achievement of: (1) performance conditions, and consequent partial vesting, of (a) share option grants made 7 August 2009 at an option price of 39.34 pence per share under the Taylor Wimpey Share Option Plan "ESOP", and of (b) nil cost options granted on 7 August 2009 and 22 March 2010 under the Taylor Wimpey Performance Share Plan "PSP"; and (2) the release of shares as nil cost options following the expiry of the three year qualifying period applicable to the deferral of the 2009 cash bonus award, pursuant to the rules of the Taylor Wimpey Executive incentive "EIS", the Directors of the Company named below have today carried-out the following transactions.
|
Pete Redfern |
Ryan Mangold |
James Jordan |
||||||
|
ESOP |
PSP |
EIS |
ESOP |
PSP |
|
ESOP |
PSP |
EIS |
Number of share options exercised |
1,653,629 |
1,304,430 |
503,266 |
196,861 |
143,916 |
|
575,818 |
454,220 |
233,659 |
|
|
|
|
|
|
|
|
|
|
Shares sold to meet option cost |
(758,821) |
N/A |
N/A |
(90,336) |
N/A |
|
(264,233) |
N/A |
N/A |
|
|
|
|
|
|
|
|
|
|
Shares sold to meet tax and NI liability, and dealing costs
|
(423,518) |
(615,968) |
(237,649) |
(40,382) |
(67,812) |
|
(147,476) |
(214,019) |
(110,096) |
Net shares acquired
|
471,290 |
688,462 |
265,617 |
178,749 |
76,104 |
|
164,109 |
240,201 |
123,563 |
Total shares acquired |
|
|
1,425,369 |
|
254,853 |
|
|
|
527,873 |
Other shares sold* |
|
|
(746,532) |
|
Nil |
|
|
|
Nil |
Shares retained by Director |
|
|
678,837 |
|
254,853 |
|
|
|
527,873 |
*Pete Redfern has today sold 746,532 shares at a price of 85.73 pence per share in order to meet an obligation under the terms of his matrimonial settlement.
As a result of these above transactions the shareholdings of the Directors in the shares of the Company is as follows:
|
Holding prior to above dealings |
Holding after above dealings |
% of shareholding to salary** |
Pete Redfern
|
1,721,576 |
2,133,682 |
242% |
Ryan Mangold
|
305,846 |
560,699 |
138% |
James Jordan
|
642,741 |
1,046,775 |
256% |
**as at today's date, including net amount of deferred shares held on trust under the EIS.
James J Jordan
Group Legal Director and Company Secretary
10 April 2013