Bellway PLC has announced that two of its directors, J M Honeyman and K D Adey, have been granted awards in respect of ordinary shares in the company under the Bellway PLC (2013) Performance Share Plan. Honeyman was granted 75,036 shares, while Adey was granted 45,789 shares. These awards will be held in the Bellway Employee Share Trust until at least October 24, 2026. The awards will attract dividend accrual shares, and any vested shares that are not sold to pay income tax and national insurance liabilities will be subject to a two-year post-vesting holding period.
The awards are maximum awards, and the degree to which they vest depends on performance targets measured over a three-year period. The performance period for these awards began on August 1, 2023, and will end on July 31, 2026.
These transactions have been notified in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation. The details of the transactions include the names of the persons discharging managerial responsibilities, their positions, the issuer (Bellway PLC), the financial instrument (ordinary shares), the nature of the transaction (granting of awards), the price (nil), the volume of shares granted, the aggregated information (not applicable), the date of the transaction (October 24, 2023), and the place of the transaction (outside a trading venue).
For any queries, Simon Scougall, Group General Counsel & Company Secretary of Bellway PLC, can be contacted.