Director/PDMR Shareholding

RNS Number : 2884Q

Barratt Developments PLC

17 October 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 Deferred Bonus Plan (the 'DBP')

In October 2016, awards of shares were granted under the DBP to David Thomas and Steven Boyes in respect of the bonus earned in excess of 100% of salary for the financial year ending 30 June 2016.  This award vested on 17 October 2019 and the net shares, following the settlement of any tax and NI due on release, have been transferred to the participants. David Thomas and Steven Boyes each sold 30,211 and 23,910 shares respectively at £6.695 per share to cover the tax and NI due on release. Steven Boyes subsequently transferred 26,885 shares to Andrea Boyes, a person closely associated ('PCA') with Steven Boyes. The shares being transferred will still be included when calculating the total shareholding of Steven Boyes and his PCAs. 

Following the vesting of the DBP, 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	607,682
Steven Boyes	Chief Operating Officer & Deputy Chief Executive	487,777
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 PCAs, 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	1,000,766
Steven Boyes	Chief Operating Officer/Deputy Chief Executive	892,890
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 Form for the above transactions by David Thomas and Steven Boyes 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 Deferred Bonus Plan
c)	Price(s) and volume(s)	64,182 shares under the Barratt Developments Deferred Bonus Plan for no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction N/A - Single transaction
e)	Date of the transaction	17 October 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)	30,211 shares sold at £6.695 per share
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction N/A - Single Transaction
e)	Date of the transaction	17 October 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 Deferred Bonus Plan
c)	Price(s) and volume(s)	50,795 shares under the Barratt Developments Deferred Bonus Plan for no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction N/A - Single transaction
e)	Date of the transaction	17 October 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)		23,910 shares sold at £6.695 per share
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction N/A - Single Transaction
e)	Date of the transaction		17 October 2019
f)	Place of the transaction		London Stock Exchange - XLON
4.3	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		Transfer for nil consideration of Ordinary Shares to Mrs Andrea Boyes, a PCA of Steven Boyes, Chief Operating Officer and Deputy Chief Executive.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 26,885
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction
e	Date of the transaction		17 October 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:                               17 October 2019

 

END

 

 

DSHBSBDGCXBBGCR