Director/PDMR Shareholding

RNS Number : 3523U
Barratt Developments PLC
23 October 2017
 

BARRATT DEVELOPMENTS PLC

(the 'Company')

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') and persons closely associated ('PCAs') with them

Vesting of Awards under the Barratt Developments PLC Long Term Performance Plan (the 'LTPP')

On 20 October 2014, David Thomas and Steven Boyes were granted awards under the LTPP.  This award vested on 20 October 2017 and the net shares (the 'Remaining Shares'), following the settlement of any tax and NI due on release, were transferred to them. David Thomas and Steven Boyes each sold 114,893 shares at £6.94 per share to cover the tax and NI due on release. The Remaining Shares are subject to a further two year holding period which commenced on 1 July 2017.

Vesting of Award under the Barratt Developments Managers Long Term Performance Plan (the 'SMIS')

On 20 October 2014 Jessica White was granted an award over 8,726 shares under the SMIS. This award vested on 20 October 2017 and the net shares, following settlement of any tax and NI due on release, were transferred to her. Jessica White sold 4,110 shares at £6.94 per share to cover the tax and NI due of release.

Following the vesting of the LTPP and the SMIS, the Company confirms that at the date of this announcement, each of the Executive Directors holds the following total number of options and awards over Ordinary Shares of 10 pence each in the Company:

Executive Director

Role

Total number of shares under option and/or award

David Thomas

Chief Executive

657,238

Steven Boyes

Chief Operating Officer & Deputy Chief Executive

523,981

Jessica White

Chief Financial Officer

35,985

 

In addition, the Company confirms that, at the date of this announcement, each of the Directors of the Company, and their persons closely associated, hold the following total number of ordinary shares of 10 pence each in the Company:

 

Director/PDMR

Role

Number of shares

John Allan

Chairman

34,205

David Thomas

Chief Executive

1,218,493

Steven Boyes

Chief Operating Officer/Deputy Chief Executive

667,843

Jessica White

Chief Financial Officer

42,602

Richard Akers

Non-Executive Director

50,000

Tessa Bamford

Non-Executive Director

36,121

Nina Bibby

Non-Executive Director

8,500

Jock Lennox

Non-Executive Director

10,000

 

The Notification of Dealing Form for the above transactions by David Thomas, Steven Boyes and Jessica White are set out below:

Notification of Dealing Form - Mr David Thomas

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

David Thomas

 

2

Reason for the notification

 

a)

 

Position/status

 

Chief Executive

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Barratt Developments PLC

b)

 

LEI

 

2138006R85VEOF5YNK29

4 .1

 

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 financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10 pence

 

 

ISIN: GB0000811801

 

b)

 

Nature of the transaction

 

 

Vesting of Shares under the Barratt Developments Long Term Performance Plan

 

c)

 

Price(s) and volume(s)

 

 

244,086 shares under the Barratt Developments Long Term Performance Plan for no cost

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single transaction

 

N/A - Single transaction

 

e)

 

Date of the transaction

 

20 October 2017

f)

 

Place of the transaction

 

London Stock Exchange - XLON

4 .2

 

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 financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10 pence

 

 

ISIN: GB0000811801

 

b)

 

Nature of the transaction

 

 

Sale of shares to cover tax and NI liability on the vesting of awards outlined in 4.1.

c)

 

Price(s) and volume(s)

 

 

 

114,893 shares sold at £6.94019 pence per share

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

N/A - Single transaction

 

 

N/A - Single transaction

 

e)

 

Date of the transaction

 

20 October 2017

f)

 

Place of the transaction

 

London Stock Exchange - XLON

 

Notification of Dealing Form - Mr Steven Boyes

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Steven Boyes

 

2

Reason for the notification

 

a)

 

Position/status

 

Chief Operating Officer and Deputy Chief Executive

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Barratt Developments PLC

b)

 

LEI

 

2138006R85VEOF5YNK29

4.1

 

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 financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10 pence

 

 

ISIN: GB0000811801

 

b)

 

Nature of the transaction

 

 

Vesting of Shares under the Long Term Performance Plan

c)

 

Price(s) and volume(s)

 

 

244,086 shares under the Barratt Long Term Performance Plan for no cost

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single transaction

 

N/A - Single transaction

e)

 

Date of the transaction

 

20 October 2017

f)

Place of the transaction

London Stock Exchange - XLON

 

4 .2

 

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 financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10 pence

 

 

ISIN: GB0000811801

 

b)

 

Nature of the transaction

 

 

Sale of shares to cover tax and NI liability on the vesting of awards outlined in 4.1.

c)

 

Price(s) and volume(s)

 

 

 

114,893 shares sold at £6.94019 pence per share

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - Single Transaction

 

N/A - Single Transaction

 

e)

 

Date of the transaction

 

20 October 2017

f)

 

Place of the transaction

 

London Stock Exchange - XLON

 

Notification of Dealing Form - Mrs Jessica White

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Jessica White

 

2

Reason for the notification

 

a)

 

Position/status

 

Chief Financial Officer

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Barratt Developments PLC

b)

 

LEI

 

2138006R85VEOF5YNK29

4.1

 

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 financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10 pence

 

 

ISIN: GB0000811801

 

b)

 

Nature of the transaction

 

 

Vesting of Shares under the Managers Long Term Performance Plan

c)

 

Price(s) and volume(s)

 

 

8,726 shares under the Managers Long Term Performance Plan for no cost

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single transaction

 

N/A - Single transaction

e)

 

Date of the transaction

 

20 October 2017

f)

Place of the transaction

London Stock Exchange - XLON

 

4 .2

 

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 financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10 pence

 

 

ISIN: GB0000811801

 

b)

 

Nature of the transaction

 

 

Sale of shares to cover tax and NI liability on the vesting of awards outlined in 4.1.

c)

 

Price(s) and volume(s)

 

 

 

4,110 shares sold at 6.94019 pence per share

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - Single Transaction

 

N/A - Single Transaction

 

e)

 

Date of the transaction

 

20 October 2017

f)

 

Place of the transaction

 

London Stock Exchange - XLON

 

This notification is made in accordance with the requirements of the EU Market Abuse Regulation.

For further information, please contact:

Tina Bains, Company Secretary              01530 278 278

Date of Notification: 23 October 2017


This information is provided by RNS
The company news service from the London Stock Exchange
 
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