BWY Bellway Plc

 
TIDMBWY 
 
BELLWAY p.l.c. ('the Company') 
 
                        NOTIFICATION OF TRANSACTIONS OF 
                PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES 
 
                               20 DECEMBER 2016 
 
The Company was informed yesterday that under the terms of the Bellway p.l.c. 
Employee Share Trust (1992) (an arrangement to reward directors and employees) 
21,837 ordinary 12.5p shares (including dividend equivalent shares which have 
accrued between grant and vesting) were transferred on 19 December 2016 to 
Keith Adey for nil consideration under the Bellway p.l.c. (2013) Performance 
Share Plan. 
 
Mr Adey immediately thereafter sold 10,295 Bellway p.l.c.12.5p ordinary shares 
at a price of GBP24.022 per share to cover income tax and NI liabilities and 
transferred the balance of 11,542 shares to Mrs Jayne Adey. 
 
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/        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 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 December 
                                 2013 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 Jayne Adey (PCA). 
 
c)  Price(s) and volume(s)                               Price(s)            Volume 
                                 (s) 
                                 1a                    Nil                    21,837 
                                 1b                    GBP24.022           10,295 
                                 1c+2                Nil                    11,542 
 
d)  Aggregated information 
 
    Aggregated volume            N/A 
    Price                        N/A 
 
e)  Date of the transaction      19 December 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 
 

(END) Dow Jones Newswires

December 20, 2016 06:13 ET (11:13 GMT)

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