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)
|
| ||||
| 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