Bellway PLC Director/PDMR Shareholding
05 December 2017 - 9:06AM
UK Regulatory
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: 0191 217 0717
END
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