Director/PDMR Shareholding

RNS Number : 4673A

Barclays PLC

20 March 2013

 



 20 March 2013

Director/PDMR Shareholding: Disclosure and Transparency Rules 3.1.4R(1)(a)

1.     The trustees of the Barclays Group (PSP) Employees' Benefit Trust and the Barclays Group (ESAS) Employees' Benefit Trust notified Barclays PLC (the "Company") on 19 March 2013 that on 18 March 2013 it had resolved to provide or had provided ordinary shares of Barclays PLC of nominal value of 25p each (the "Shares") to the Directors and Persons Discharging Managerial Responsibilities ("PDMRs") of the Company as set out in the table below.  The Shares are provided: (i) in respect of Share Incentive (Holding Period) Awards made in 2013 (the remaining Shares (after tax liabilities were discharged) are now held in a nominee account on behalf of the individuals); and (ii) to satisfy awards made under the Barclays PLC Performance Share Plan, the Barclays Group Share Value Plan, the Barclays Group Executive Share Award Scheme, the Barclays Incentive Share Plan and the Joiners Share Award Plan over the last 5 years. The market price on the date the Shares were provided was 308.1 pence per share.

Director/ PDMR	Shares provided to Director/ PDMR	Shares sold on behalf of  Director/PDMR *
A Jenkins	1,813,681	943,142
C Lucas	399,894	207,961
M Harding	1,224,724	1,181,103
T Kalaris	1,792,372	1,792,372
S Kheradpir	332,155	254,827
R Le Blanc	1,194,693	1,123,029
R Ricci	5,711,842	5,711,842
V Soranno Keating	389,913	335,784
A Vaswani	214,269	176,879

* Tax liabilities on the Shares provided were met in cash and the number of Shares actually received by each individual was reduced by the value required to meet those tax liabilities.

2.     The independent trustee of the ESAS Trust notified the Company on 19 March 2013 that it had on 18 March 2013 granted a right in the form of a nil cost option to the director of the Company listed below under the ESAS to acquire ordinary shares in the Company. The ESAS option is exercisable from grant until 18 March 2015 and is granted over a proportion of the shares which were provisionally allocated by the trustee under ESAS on 16 March 2010 to the director listed below.

The number of shares under option includes an additional number of shares which have been accrued in respect of dividends received by the trustee from March 2010. The total exercise price payable on any exercise of an ESAS option is £1.

Director	Number of shares granted under option to Director
C Lucas	597,247

3.     The nominee of the Barclays Nominee notified the Company on 19 March 2013 that on 18 March 2013 it sold ordinary shares of the Company at a price of 304.8 pence per share for the following PDMR:

PDMR	Shares sold
A Vaswani	116,487

The revised total shareholding for each Director following these transactions is as follows:

Director	Total Beneficial Holding
A Jenkins	2,451,395
C Lucas	1,104,763

Supplementary Note

Commenting on the awards a Barclays spokesman said:  "The share releases detailed in this announcement include deferred shares awarded from previous years' annual performance bonuses and, in some cases, vesting of historical Long Term Incentive Plans where the agreed performance conditions for vesting have been met. As was stated in the 2012 Annual Report published on 8 March, Barclays has revised its remuneration policy and all future incentive awards, short and long-term, will be based on the new principles that have been set out."

                                                               -Ends-

For further information please contact:

Investor Relations	Media Relations
Charlie Rozes	Giles Croot
[phone]	[phone]

 

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