Bellway PLC Director/PDMR Shareholding

 
TIDMBWY 
 
BELLWAY p.l.c. ('the Company') 
 
                        NOTIFICATION OF TRANSACTIONS OF 
 
                PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES 
 
                                4 DECEMBER 2017 
 
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) 
16,586 ordinary 12.5p shares (including dividend equivalent shares which have 
accrued between grant and vesting) were transferred on 4 December 2017 to 
Edward Ayres for nil consideration under the Bellway p.l.c. (2008) Share 
Matching Plan. 
 
Mr Ayres immediately thereafter sold 7,812 Bellway p.l.c. 12.5p ordinary shares 
at a price of GBP34.70 per share to cover income tax and NI liabilities.  The 
balance of 8,774 shares and the 3,859 Investment Shares he held relating to the 
Plan were transferred to Mrs Jane Ayres. 
 
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          Edward 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                          213800CY4L3HST4FGZ98 
 
4   Details of the transaction(s): section to date; to 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 December 
                                 2014 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 & 2a Transfer of balance of shares to Jane Ayres 
                                 (PCA). 
                                 2b         Transfer of investment shares held by 
                                 Ted Ayres under the Plan to Jane Ayres (PCA). 
 
c)  Price(s) and volume(s)                               Price(s)            Volume 
                                 (s) 
                                 1a                    Nil                    16,586 
                                 1b                    GBP34.70                 7,812 
                                 1c & 2a            Nil                        8,774 
                                 2b                      Nil 
                                                  3,859 
 
d)  Aggregated information 
 
    Aggregated volume            N/A 
    Price                        N/A 
 
e)  Date of the transaction      4 December 2017 
 
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

December 04, 2017 17:06 ET (22:06 GMT)