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Taylor Wimpey PLC (TW.)

  Print          Annual reports

Wednesday 27 April, 2022

Taylor Wimpey PLC

Director/PDMR Shareholding

RNS Number : 5467J
Taylor Wimpey PLC
27 April 2022
 

 

 

 

 

 

 

 

27 April 2022

Taylor Wimpey plc

Performance Share Plan Award

 

The Director named below has been granted a conditional nil cost share award under the Taylor Wimpey Performance Share Plan. In addition to the flexibility within the shareholder approved Directors' Remuneration Policy to adjust the formula-driven outturn to improve the link between reward and performance, the Remuneration Committee (the Committee) will review the number of shares vesting by reference to the achievement of the performance conditions, in combination with the share price appreciation over the performance period. If the Committee concludes that there has been a windfall caused by a short-term dip in the share price at the time the award was granted, it has discretion to scale back the number of shares vesting as appropriate.

 

This 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

 

 

Jennie Daly

2

 

Reason for the notification

 

a)

 

Position/status

 

 

CEO

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

 

 

Conditional nil cost performance share awards made under the 2017 Taylor Wimpey Performance Share Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

131.40 pence.

The number of shares awarded was calculated using the above, which is the average of the closing MMQ over the three business days prior to the date of these Awards on 26 April 2022

 

1,141,552

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

1,141,552

 

 

131.40 pence

 

e)

 

Date of the transaction

 

 

26 April 2022

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

-Ends-

 

For further information please contact:

 

Taylor Wimpey plc 

Mike Lonnon, Deputy Secretary  Tel: +44 (0) 1494 885 614

 

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