TIDMTW.

RNS Number : 5467J

Taylor Wimpey PLC

27 April 2022

27 April 2022

Taylor Wimpey plc

Performance Share Plan Award

The Director named below has been granted a conditional nil cost share award under the Taylor Wimpey Performance Share Plan. In addition to the flexibility within the shareholder approved Directors' Remuneration Policy to adjust the formula-driven outturn to improve the link between reward and performance, the Remuneration Committee (the Committee) will review the number of shares vesting by reference to the achievement of the performance conditions, in combination with the share price appreciation over the performance period. If the Committee concludes that there has been a windfall caused by a short-term dip in the share price at the time the award was granted, it has discretion to scale back the number of shares vesting as appropriate.

This information set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Jennie Daly 
     --------------------------  -------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status             CEO 
     --------------------------  -------------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  -------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                        Taylor Wimpey plc 
     --------------------------  -------------------------------------------------- 
 b)   LEI                         21380089BTRXTD8S3R66 
     --------------------------  -------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------------------ 
 a)   Description of the          Ordinary shares of 1 pence each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB0008782301 
     --------------------------  -------------------------------------------------- 
 b)   Nature of the transaction   Conditional nil cost performance 
                                   share awards made under the 2017 
                                   Taylor Wimpey Performance Share Plan 
     --------------------------  -------------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)                 Volume(s) 
 
                                      131.40 pence. 
                                      The number of 
                                      shares awarded 
                                      was calculated 
                                      using the above, 
                                      which is the average 
                                      of the closing 
                                      MMQ over the three 
                                      business days 
                                      prior to the date 
                                      of these Awards 
                                      on 26 April 2022                    1,141,552 
                                                             ---------------------- 
     --------------------------  -------------------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          1,141,552 
 
 
       - Price                      131.40 pence 
     --------------------------  -------------------------------------------------- 
 e)   Date of the transaction     26 April 2022 
     --------------------------  -------------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange (XLON) 
     --------------------------  --------------------------------------------------

-Ends-

For further information please contact:

Taylor Wimpey plc

   Mike Lonnon, Deputy Secretary                                            Tel: +44 (0) 1494 885 614

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END

DSHSEMFSWEESEEL

(END) Dow Jones Newswires

April 27, 2022 06:32 ET (10:32 GMT)

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