Source - LSE Regulatory
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: +44 (0) 1494 885616 

 

James Jordan, Group Legal Director

Alice Marsden, Group General Counsel and Company Secretary

Debbie Archibald, Investor Relations

 

Finsbury                                                                                                             Tel: +44 (0) 20 7251 3801

Faeth Birch

Anjali Unnikrishnan

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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