Taylor Wimpey PLC Director/PDMR Shareholding (9108X)
28 Abril 2023 - 7:00AM
UK Regulatory
TIDMTW.
RNS Number : 9108X
Taylor Wimpey PLC
28 April 2023
28 April 2023
Taylor Wimpey plc
Director / PDMR Shareholding
This information set out below is provided in accordance with
the requirements of the EU Market Abuse Regulation.
The Directors named below have been granted a conditional nil
cost share award under the Taylor Wimpey Performance Share
Plan.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name 1. Jennie Daly
2. Chris Carney
-------------------------- ----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------
a) Position/status 1. Chief Executive
2. Group Finance Director
-------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Taylor Wimpey plc
-------------------------- ----------------------------------------------
b) LEI 21380089BTRXTD8S3R66
-------------------------- ----------------------------------------------
Details of the transaction(s): section to be repeated
4 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)
124.25 pence.
The number of 1. 1,207,243
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 28 April 2023
2. 812,394
------------------
-------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume 2,019,637
- Price 124.25 pence
-------------------------- ----------------------------------------------
e) Date of the transaction 28 April 2023
-------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------- ----------------------------------------------
The performance conditions relating to the awards are as
follows:
Performance Measure Weighting Threshold Maximum
Total Shareholder Return over three 40% Median Upper Quartile
financial years to 31 December 2025
--------- --------- --------------
Operating Profit Margin in 2025 15% 13% 18%
--------- --------- --------------
RONOA in 2025 15% 14% 19%
--------- --------- --------------
Customer Service 9-month in 2025 15% 78.5% 81.5%
--------- --------- --------------
Carbon Reduction in 2025 (from a 2019
baseline) 15% 34% 38%
--------- --------- --------------
Recognising the outlook over the performance period for lower
profitability across the entire housing sector and continuing
economic uncertainty, the Remuneration Committee has set the target
ranges for Operating Profit Margin and RONOA at lower levels and
with a broader range between threshold and maximum than in previous
years, to provide the appropriate balance between setting targets
that are achievable, but at the same time stretching.
The target ranges for all measures are, in the view of the
Remuneration Committee, equivalently challenging to the ranges set
in prior years.
-Ends-
For further information please contact:
Taylor Wimpey plc
Ishaq Kayani, Group General Counsel & Company Secretary Tel: +44 (0) 1494 885 614
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END
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April 28, 2023 08:00 ET (12:00 GMT)
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