Director/PDMR Shareholding

Barratt Developments PLC

20 October 2023

 

BARRATT DEVELOPMENTS PLC

(the 'Company')

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

The Company announces that the following share transactions have been undertaken by each of the Executive Directors:

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

In November 2020, David Thomas (Chief Executive) and Steven Boyes (Chief Operating Officer and Deputy Chief Executive) were granted awards under the LTPP. In February 2022, shortly after he joined the business, a Replacement Award was granted to Mike Scott (Chief Financial Officer) on the same terms as the LTPP awards. The performance period for each of these awards ended on 30 June 2023 and on 19 October 2023, 19.6% of the awards vested. Details of the awards granted, the number of shares vesting, those sold to cover the tax and national insurance due on release and those retained by each Executive Director are set out in the table below:

Executive Director	Number of shares granted under the award	Number of shares vesting	Number of shares lapsed	Number of shares sold at £3.940347 per share	Number of shares retained
David Thomas	282,004	55,272	226,732	26,018	29,254
Steven Boyes	223,183	43,743	179,440	20,591	23,152
Mike Scott	67,681	13,265	54,416	6,245	7,020

The retained shares are subject to a two year holding period which commenced on 1 July 2023.   

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	678,259
Steven Boyes	Chief Operating Officer & Deputy Chief Executive	548,044
Mike Scott	Chief Financial Officer	311,226

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
Caroline Silver	Chair	10,000
David Thomas	Chief Executive	1,326,830
Steven Boyes	Chief Operating Officer & Deputy Chief Executive	723,891
Mike Scott	Chief Financial Officer	69,620
Katie Bickerstaffe	Non-Executive Director	8,489
Jock Lennox	Non-Executive Director	10,000
Jasi Halai	Non-Executive Director	12,581
Nigel Webb	Non-Executive Director	12,660

The Notification of Dealing Forms for the above transactions by David Thomas, Steven Boyes and Mike Scott respectively are set out below:

Notification of Dealing Form - 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)	55,272 shares under the Barratt Developments Long Term Performance Plan for no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	19 October 2023
f)	Place of the transaction	Outside a trading venue
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)	26,018 shares sold at £3.940347 per share
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	19 October 2023
f)	Place of the transaction	XLON

Notification of Dealing Form - 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)	43,743 shares under the Barratt Developments Long Term Performance Plan for no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	19 October 2023
f)	Place of the transaction	Outside a trading venue
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)		20,591 shares sold at £3.940347 per share
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction
e)	Date of the transaction		19 October 2023
f)	Place of the transaction		XLON

Notification of Dealing Form - Mike Scott

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mike Scott
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)	13,265 shares under the Barratt Developments Long Term Performance Plan for no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	19 October 2023
f)	Place of the transaction	Outside a trading venue
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)		6,245 shares sold at £3.940347 per share
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction
e)	Date of the transaction		19 October 2023
f)	Place of the transaction		XLON

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

For further information, please contact:

Tina Bains, Company Secretary              01530 278 278

Date of Notification:                                 19 October 2023

 

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