Barratt Developments PLC
Grant of Awards under the Barratt Developments Long-Term Incentive Plan
In accordance with the requirements of D.T.R.3.1.2R and section 793 of the Companies Act 2006, Barratt Developments PLC (the "Company") was notified on 14 October 2010 that the following Executive Directors/PDMRs of the Company have been granted awards over 3,135,000 Ordinary Shares of 10 pence each in the Company, under the Barratt Developments Long-Term Incentive Plan (the 'Plan'), in London, on 14 October 2010 as follows:
Director |
Position |
Number of shares over which award granted (percentage of issued share capital) |
Mark Clare |
Group Chief Executive |
963,900 (0.100%) |
David Thomas |
Group Finance Director |
612,000 (0.063%) |
Steven Boyes |
Group Executive Director |
585,000 (0.061%) |
Clive Fenton |
Group Executive Director |
585,000 (0.061%) |
Laurence Dent |
Group General Counsel and Company Secretary |
390,000 (0.040%) |
The number of shares over which the awards were granted were calculated based on a per share price of £1.00, determined in accordance with the rules of the Plan. The awards are subject to the attainment of performance targets based on relative TSR (50%) and EPS growth (50%) measured over a three-year performance period commencing 1 July 2010.
Following the above grant, the Company confirms that at the date of this announcement, each of the Executive Directors/PDMRs hold the following total number of options and awards over Ordinary Shares of 10 pence each in the Company:
Director |
Number of options and awards held (percentage of Issued Share Capital)
|
Mark Clare |
3,956,966 (0.410%) |
David Thomas |
2,296,244 (0.238%) |
Steven Boyes |
2,411,014 (0.250%) |
Clive Fenton |
2,257,117 (0.234%) |
Laurence Dent |
1,682,725 (0.174%) |
This notification is made in accordance with the requirements of D.T.R. 3.1.4.
For further information please contact:
Laurence Dent Group General Counsel and Company Secretary |
+44 (0) 1530 278 278 |