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) 10,182 ordinary 12.5p shares
(including dividend equivalent shares which have accrued between
grant and vesting) were transferred on 28
November 2016 to Keith Adey
for nil consideration under the Bellway p.l.c. (2008) Share
Matching Plan.
Mr Adey immediately thereafter sold 4,800 Bellway p.l.c.12.5p
ordinary shares at a price of £24.12 per share to cover income tax
and NI liabilities and transferred the balance of 5,382 shares to
Mrs Jayne Adey. In addition,
Mr Adey also transferred to Mrs Jayne
Adey for nil consideration the 2,470 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 Keith
Adey
2 Jayne
Adey |
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 |
|
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 instrument
Identification code |
12.5p ordinary shares
GB0000904986 |
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 Jayne Adey (PCA) |
c) |
Price(s)
and volume(s) |
Price(s)
Volume(s)
1a
£Nil
10,182
1b
£24.12
4,800
1c+2
£Nil
7,852 |
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