Director/PDMR Shareholding

RNS Number : 1299O

Barratt Developments PLC

30 September 2019

 

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')

In 2016, awards of shares were granted under the LTPP to David Thomas, Steven Boyes and Jessica White. The performance period for each of these awards ended on 30 June 2019.  As explained in the Company's Annual Report and Accounts 2019, the awards to David Thomas and Steven Boyes were subject to different performance criteria to the award granted to Jessica White. Consequently, 92.8% of the awards to David Thomas and Steven Boyes, and 100% of the award to Jessica White, have vested on 26 September 2019. David Thomas, Steven Boyes and Jessica White sold 127,712, 101,074 and 7,812 shares respectively at £6.315 per share to cover the tax and NI due on release. The remaining shares held by David Thomas and Steven Boyes are subject to a further two year holding period which commenced on 1 July 2019.

Following the vesting of the LTPP 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	671,864
Steven Boyes	Chief Operating Officer & Deputy Chief Executive	538,572
Jessica White	Chief Financial Officer	318,363

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	76,705
David Thomas	Chief Executive	966,795
Steven Boyes	Chief Operating Officer/Deputy Chief Executive	866,005
Jessica White	Chief Financial Officer	67,825
Richard Akers	Non-Executive Director	60,000
Nina Bibby	Non-Executive Director	8,500
Jock Lennox	Non-Executive Director	10,000

The Notification of Dealing Forms 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)	271,319 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	26 September 2019
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)	127,712 shares sold at £6.315014 per share
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction N/A - Single Transaction
e)	Date of the transaction	26 September 2019
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 Barratt Developments Long Term Performance Plan
c)	Price(s) and volume(s)	214,727 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	26 September 2019
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)		101,074  shares sold at £6.315014 per share
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction N/A - Single Transaction
e)	Date of the transaction		26 September 2019
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 Barratt Developments Long Term Performance Plan
c)	Price(s) and volume(s)	16,596 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	26 September 2019
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)		7,812  shares sold at £6.315014 per share
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction N/A - Single Transaction
e)	Date of the transaction		26 September 2019
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:                              30 September 2019

 

END

 

 

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