Taylor Wimpey PLC Director/PDMR Shareholding (9705T)

TIDMTW.

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:

 
               Number                                  Number of       Value of shares 
                  of                                   shares held      held after the 
                Shares                                  after the       sale expressed 
                 sold                                     sale*         as a multiple 
                                                                       of annual salary 
                          Price per     Date of                          (requirement 
 Director                   Share      Transaction                     is at least 2x)* 
 Pete                      174.232    19 November 
  Redfern     2,150,000     pence      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          Initial notification 
       /Amendment 
     ----------------------------  ------------------------------------- 
 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            Ordinary shares of 1 pence each 
       financial instrument, 
       type of instrument 
                                     GB0008782301 
       Identification code 
     ----------------------------  ------------------------------------- 
 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 
                                      2,150,000 shares 
 
       - Price 
                                      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

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 [e-mail] or visit www.rns.com.

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November 20, 2019 02:01 ET (07:01 GMT)