Barratt Developments PLC
10 November 2006
Barratt Developments PLC ('the Company') announce that pursuant to the terms
contained in the Service Agreement dated 27 June 2006 entered into between the
Company and its new Chief Executive Mr Mark Clare ('the Executive') on 9
November 2006 36,659 ordinary shares of the Company were purchased (at the cost
of the Company) for the Executive at a price of £10.509407p per share in order
to compensate the Executive for the benefits foregone when he joined the Company
which would have otherwise become payable under his previous employer's annual
bonus long-term incentive and share option schemes for the year ending 31st
December 2006 , based on the estimated fair value of those benefits.
On joining the Company Mr Clare acquired from his own resources 53,306 shares in
the Company which he continues to hold and the purchase of shares being
announced today will increase his total holding of shares in the Company to
89,965 shares.
10th November 2006
This information is provided by RNS
The company news service from the London Stock Exchange
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