Director/PDMR Shareholding

RNS Number : 9705T

Taylor Wimpey PLC

20 November 2019

 

Taylor Wimpey plc

19 November 2019

Taylor Wimpey plc (the "Company")

Change in Director's Shareholding

In accordance with Disclosure Rule 3.1.4R(1), Taylor Wimpey plc (the "Company") announces the sale of ordinary shares of the Company by Pete Redfern, Chief Executive.

The sale is part of regular financial planning designed to manage the size of the Director's interest in the Company's shares, which, after taking into account this sale, still leaves an interest substantially in excess of the 2x annual salary shareholding guideline required for each Executive Director, as set out in the Company's Remuneration Policy approved by shareholders.

The sale of shares is detailed below in accordance with the requirements of the EU Market Abuse Regulation and is as follows:

Director	Number of Shares sold	Price per Share	Date of Transaction	Number of shares held after the sale*	Value of shares held after the sale expressed as a multiple of annual salary (requirement is at least 2x)*
Pete Redfern	2,150,000	174.232 pence	19 November 2019	1,533,144	3.05x

* including the amount of shares (net of tax) deferred in accordance with the Company's annual Executive Incentive Scheme.

The information set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Pete Redfern
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Taylor Wimpey plc
b)	LEI	21380089BTRXTD8S3R66
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 1 pence each GB0008782301
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 174.232 pence 2,150,000 shares
d)	Aggregated information - Aggregated volume - Price	2,150,000 shares 174.232 pence
e)	Date of the transaction	19 November 2019
f)	Place of the transaction	London Stock Exchange (XLON)

For further information please contact:

Taylor Wimpey plc                                                                                          Tel: [phone] 

James Jordan, Group Legal Director

Alice Marsden, Group General Counsel and Company Secretary

Debbie Archibald, Investor Relations

Finsbury                                                                                                             Tel: [phone]

Faeth Birch

Anjali Unnikrishnan

 

END

 

 

DSHFFMFAUFUSESF