BELLWAY p.l.c.
(‘the Company’)
NOTIFICATION OF
TRANSACTIONS OF
PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
10 NOVEMBER 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) 39,851 ordinary 12.5p shares
(including dividend equivalent shares which have accrued between
grant and vesting) were transferred on 10
November 2017 to Edward Ayres
for nil consideration under the Bellway p.l.c. (2013) Performance
Share Plan.
Mr Ayres immediately thereafter sold 18,768 Bellway p.l.c. 12.5p
ordinary shares at a price of £34.2885 per share to cover income
tax and NI liabilities. The balance of 21,083 shares 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/Amendment |
Initial notification |
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 instrument
Identification code |
12.5p ordinary shares
GB0000904986 |
b) |
Nature of
the transaction
|
1a Exercise of award
granted in November 2014 under the Company’s Performance Share 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
Nil
39,851
1b
£34.2885 18,768
1c &
2
Nil
21,083 |
d) |
Aggregated
information
Aggregated volume
Price |
N/A
N/A |
e) |
Date of the
transaction |
10 November 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: 0191 217 0717