Director/PDMR Shareholding
August 09 2005 - 4:57AM
UK Regulatory
RNS Number:8839P
Taylor Woodrow PLC
09 August 2005
Taylor Woodrow Employee Share Ownership Trust
Taylor Woodrow plc ("the company") has been notified of the transfer on 8 August 2005 of 87,549 25p ordinary shares of
the company ("shares") by the Taylor Woodrow Employee Share Ownership Trust ("ESOT").
These shares have been transferred to employees who validly exercised options granted over shares pursuant to the Taylor
Woodrow Executive Share Option Plan.
Where individual employee interests arising from this transaction are themselves reportable, appropriate disclosure has
been made.
Following this disposal, the ESOT now holds 4,642,225 shares.
Each of the executive directors of the company is a potential beneficiary under
the ESOT and therefore, in accordance with section 329 Companies Act 1985, is
regarded as having a notional interest in the ESOT holding of 4,642,225 shares.
Despite having this notional interest, each executive director will only be entitled to receive shares from the ESOT in
satisfaction of options granted to him pursuant to the company's share option plans as previously disclosed.
Richard Morbey
Group Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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