Director Shareholding
December 07 2004 - 5:51AM
UK Regulatory
RNS Number:1020G
Taylor Woodrow PLC
07 December 2004
Taylor Woodrow Employee Share Ownership Trust
Taylor Woodrow plc ("the company") has been notified of the transfer on 7
December 2004 of 874,772 25p ordinary shares of the company ("shares") by the
Taylor Woodrow Employee Share Ownership Trust ("ESOT").
These shares have been transferred to employees (including one executive
director of the company, D J A Mac Daid, whose change in interest in shares was
announced on 1 December 2004) who validly exercised options granted over shares
pursuant to the Taylor Woodrow Group Savings-Related Share Option Scheme.
The employee interests arising from this transaction (other than Mr. Mac Daid's
referred to above) are not themselves reportable.
Following this disposal, the ESOT now holds 7,302,753 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 7,302,753 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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