Bellway PLC Director/PDMR Shareholding

 
TIDMBWY 
 
BELLWAY p.l.c. ('the Company') 
 
                        NOTIFICATION OF TRANSACTIONS OF 
 
                PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES 
 
                               28 NOVEMBER 2016 
 
The Company was informed today that under the terms of the Bellway p.l.c. 
Employee Share Trust (1992) (an arrangement to reward directors and employees) 
15,843 ordinary 12.5p shares (including dividend equivalent shares which have 
accrued between grant and vesting) were transferred on 28 November 2016 to 
Edward Ayres  for nil consideration under the Bellway p.l.c. (2008) Share 
Matching Plan. 
 
Mr Ayres immediately thereafter sold 7,469 Bellway p.l.c. 12.5p ordinary shares 
at a price of GBP24.12 per share to cover income tax and NI liabilities and 
transferred the balance of 8,374 shares to Mrs Jane Ayres.  In addition, Mr 
Ayres also transferred to Mrs Jane Ayres for nil consideration the 3,843 12.5p 
ordinary shares which he purchased as Investment Shares in connection with the 
grant of this award in November 2013. 
 
The relevant notifications set out below are provided in accordance with the 
requirements of Article 19 of the EU Market Abuse Regulations. 
 
                                BELLWAY p.l.c. 
 
                        NOTIFICATION OF TRANSACTIONS OF 
 
                PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES 
 
1   Details of the person discharging managerial responsibilities/person closely 
    associated 
 
a)  Name                         1          Ted Ayres 
                                 2          Jane Ayres 
 
2   Reason for the notification 
 
a)  Position/status              1          Director (PDMR) 
                                 2          PCA of PDMR 
 
b)  Initial notification/        Initial notification 
    Amendment 
 
3   Details of the issuer, emission allowance market participant, auction platform, 
    auctioneer or auction monitor 
 
a)  Name                         Bellway p.l.c. 
 
b)  LEI 
 
4   Details of the transaction(s): section t date; o be repeated for (i) each type 
    of instrument; (ii) each type of transaction; (iii) each and (iv) each place 
    where transactions have been conducted 
 
a)  Description of the financial 
    instrument, type of          12.5p ordinary shares 
    instrument 
                                 GB0000904986 
    Identification code 
 
b)  Nature of the transaction    1a        Exercise of award granted in November 
                                 2013 under the Company's Share Matching Plan and 
                                 associated dividend accrual shares. 
                                 1b        Sale of shares to cover income tax and NI 
                                 liability due on the exercise of this award 
                                 1c+2    Transfer of shares to Jane Ayres (PCA) 
 
c)  Price(s) and volume(s)                               Price(s)            Volume 
                                 (s) 
                                 1a                    GBPNil                  15,843 
                                 1b                    GBP24.12               7,469 
                                 1c+2                GBPNil                  12,217 
 
d)  Aggregated information       N/A 
                                 N/A 
 
e)  Date of the transaction      28 November 2016 
 
f)  Place of the transaction     London Stock Exchange (XLON) 
 
Name of contact and telephone number for queries: 
 
Simon Scougall 
 
Group General Counsel & Company Secretary 
 
Bellway p.l.c. 
 
Tel: [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

November 28, 2016 10:49 ET (15:49 GMT)