Director/PDMR Shareholding

Barratt Redrow PLC

17 October 2024

 

BARRATT REDROW 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 the Executive Directors named below:

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

In October 2021, both David Thomas (Chief Executive) and Steven Boyes (Chief Operating Officer and Deputy Chief Executive) were granted awards under the LTPP. In February 2022, Mike Scott (Chief Financial Officer was also granted an award under the LTPP. The performance period for each of these awards ended on 30 June 2024, and on 14 October 2024 15% 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 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 £4.5607 per share	Number of shares retained
David Thomas	224,370	33,655	190,715	15,842	17,813
Steven Boyes	180,987	27,148	153,839	12,779	14,369
Mike Scott	117,716	17,657	100,059	8,312	9,345

The retained shares are subject to a two-year holding period commencing on 1 July 2024.  

Following the above transactions, the Company confirms that at the date of this announcement, each of the Executive Directors of the Company, and their persons closely associated, hold the following total number of options and awards over Ordinary Shares of 10 pence each in the Company:

	Role	Total number of shares under option and/or award
David Thomas	Chief Executive	1,214,592
Steven Boyes	Chief Operating Officer & Deputy Chief Executive	983,014
Mike Scott	Chief Financial Officer	692,223
Matthew Pratt	Redrow Chief Executive & Executive Director	287,805

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	1,372,239
Steven Boyes	Chief Operating Officer & Deputy Chief Executive	764,444
Mike Scott	Chief Financial Officer	79,177
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
Matthew Pratt	Redrow Chief Executive & Executive Director	637,780
Nicky Dulieu	Non-Executive Director	9,360

The Notification of Dealing Forms for the above transactions are set out below:

Notification of Dealing Form

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 Redrow 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)	33,655 shares under the Barratt Developments Long Term Performance Plan at no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	14 October 2024
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)	15,842 shares sold at £4.5607 per share
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	14 October 2024
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 Redrow 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)	27,148 shares under the Barratt Developments Long Term Performance Plan at no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	14 October 2024
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)		12,779 shares sold at £4.5607 per share
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction
e)	Date of the transaction		14 October 2024
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 Redrow 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)	17,657 shares under the Barratt Developments Long Term Performance Plan at no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	14 October 2024
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)		8,312 shares sold at £4.5607 per share
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction
e)	Date of the transaction		14 October 2024
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              [phone]

 

END