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 £34.70 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/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 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
£34.70
7,812
1c &
2a
Nil
8,774
2b
Nil
3,859 |
| d) |
Aggregated
information
Aggregated volume
Price |
N/A
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