Bellway PLC Director/PDMR Shareholding
November 28 2016 - 9:49AM
UK Regulatory
TIDMBWY
BELLWAY p.l.c. ('the Company')
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
28 NOVEMBER 2016
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)
15,843 ordinary 12.5p shares (including dividend equivalent shares which have
accrued between grant and vesting) were transferred on 28 November 2016 to
Edward Ayres for nil consideration under the Bellway p.l.c. (2008) Share
Matching Plan.
Mr Ayres immediately thereafter sold 7,469 Bellway p.l.c. 12.5p ordinary shares
at a price of GBP24.12 per share to cover income tax and NI liabilities and
transferred the balance of 8,374 shares to Mrs Jane Ayres. In addition, Mr
Ayres also transferred to Mrs Jane Ayres for nil consideration the 3,843 12.5p
ordinary shares which he purchased as Investment Shares in connection with the
grant of this award in November 2013.
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 Ted 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
4 Details of the transaction(s): section t date; o 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 November
2013 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+2 Transfer of shares to Jane Ayres (PCA)
c) Price(s) and volume(s) Price(s) Volume
(s)
1a GBPNil 15,843
1b GBP24.12 7,469
1c+2 GBPNil 12,217
d) Aggregated information N/A
N/A
e) Date of the transaction 28 November 2016
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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