Director/PDMR Shareholding

RNS Number : 8609T

Barratt Developments PLC

17 October 2017

 

17 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

Grant of Awards under the Barratt Developments PLC Deferred Bonus Plan (the 'DBP')

Further to the disclosure in the Company's 2017 Annual Report and Accounts in respect of the deferral into shares of any bonus earned in excess of 100% of base salary for the financial year ended 30 June 2017, the Company announces that it has granted awards (the 'DBP Awards') to its Executive Directors in accordance with the provisions of the DBP as approved by shareholders at the 2015 AGM as follows:

Executive Director	Role	Amount of bonus deferred (£)	Number of shares under award
David Thomas	Chief Executive	322,352	53,502
Steven Boyes	Chief Operating Officer & Deputy Chief Executive	255,116	42,342
Jessica White	Chief Financial Officer	4,567	758

The number of shares awarded was calculated at a share price of £6.025 per share, being the average of the closing middle-market quotations, as derived from the daily official list of the Stock Exchange, for the first five dealing days following the date of the final results announcement of the Company for the financial year ended 30 June 2017.

The DBP Awards will be subject to a continued employment condition for a period of three years, commencing 17 October 2017. At the end of the three years, the shares will be released to the participants, subject to the payment of any tax and national insurance liability due on the shares at that time. No matching shares have been granted against the DBP Awards.

Following the above transactions, 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	901,324
Steven Boyes	Chief Operating Officer & Deputy Chief Executive	768,067
Jessica White	Chief Financial Officer	44,711

The Notification of Dealing Forms for each of the above transactions by the Executive Directors/PDMRs can be found below.

Notification of Dealing - 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	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	Grant of a Conditional Award under the Barratt Developments Deferred Bonus Plan.
c)	Price(s) and volume(s)	53,502 shares awarded at no cost and deferred for three years.
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	17 October 2017
f)	Place of the transaction	Outside a trading venue

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
4.3	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	Grant of a Conditional award under the Barratt Developments Deferred Bonus Plan.
c)	Price(s) and volume(s)	42,342 shares awarded at no cost and deferred for three years.
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	17 October 2017
f)	Place of the transaction	Outside a trading venue

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		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	Grant of a Conditional award under the Barratt Developments Deferred Bonus Plan.
c)		Price(s) and volume(s)	758 shares awarded at no cost and deferred for three years.
d)		Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)		Date of the transaction	17 October 2017
f)		Place of the transaction	Outside a trading venue

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

For further information please contact:

Tina Bains

Company Secretary

01530 278278

 

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