Director/PDMR Shareholding
April 10 2007 - 9:58AM
UK Regulatory
RNS Number:6094U
Taylor Woodrow PLC
10 April 2007
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS
1. Name of the issuer
Taylor Woodrow plc
2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or
(iii) both (i) and (ii)
(i) A transaction notified in accordance with DR 3.1.4R(1)(A)
3. Name of person discharging managerial responsibilities/director
Director:
P. T. Johnson
4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person
Director only
5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest
Holding of the person named
6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares
25p Ordinary Shares of Taylor Woodrow plc
7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them
Own name Other name
P. T. Johnson 145,793 1,250 (HSDL Nominees
Limited)
8 State the nature of the transaction
1. (A). Purchase of contributory shares under the Taylor Woodrow Deferred Bonus
Plan, using cash bonus earned in 2006 to acquire shares;
1. (B). Grant of a one for one matching option under the Taylor Woodrow
Deferred Bonus Plan, which, if the associated contributory shares
(see
1.A (above) are held for at least three years, and the performance
condition is met whereby the company's earnings per share increase
over the three year holding period by at least 3% cumulative above
the growth in the UK Retail Prices Index over the corresponding
period, is exercisable at the end of that three year performance
period.
9. Number of shares, debentures or financial instruments relating to shares
acquired
P. T. Johnson 59,253
10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)
P. T. Johnson 0.01%
(Percentages shown are calculated relative to shares in issue less treasury
shares on
date of purchase which was 581,926,290 shares)
11. Number of shares, debentures or financial instruments relating to shares
disposed
N/A
12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)
N/A
13. Price per share or value of transaction
Purchase of shares 519p per share
14. Date and place of transaction
10 April 2007
15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)
Holding Percentage
P. T. Johnson 206,296 0.0354
(Percentages shown are calculated relative to shares in issue less treasury
shares on date of transactions which was 581,926,290 shares)
16. Date issuer informed of transaction
10 April 2007
If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes
17 Date of grant
10 April 2007
18. Period during which or date on which it can be exercised
The award vests, subject to retention of the associated qualifying share award
for three years and subject also to the achievement of the performance criterion,
following publication of the company's accounts for the performance period
(i.e. expected to be in early 2010).
19. Total amount paid (if any) for grant of the option
Nil
20. Description of shares or debentures involved (class and number)
All of the above refer to 25p ordinary shares of Taylor Woodrow plc
21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise
Nil
22. Total number of shares or debentures over which options held following
notification
P. T. Johnson 469,810
23. Any additional information
None
24. Name of contact and telephone number for queries
M A Lonnon
0121 600 8542
Name and signature of duly authorised officer of issuer responsible for making
notification
Richard Morbey
Secretary, Taylor Woodrow plc
Date of notification
10 April 2007.
END
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