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BELLWAY PLC - Director/PDMR Shareholding

Montag, 28.11.2016 16:50 von PR Newswire

PR Newswire

BELLWAY p.l.c. (‘the Company’)



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 £24.12 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.



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/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

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                    £Nil                  15,843
1b                    £24.12               7,469
1c+2                £Nil                  12,217
d) Aggregated information
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