Director/PDMR Shareholding

RNS Number : 8295C

Barratt Developments PLC

20 October 2015

BARRATT DEVELOPMENTS PLC

NOTIFICATION OF TRANSACTIONS BY EXECUTIVE DIRECTORS

Barratt Developments PLC Deferred Bonus Plan ("DBP"), Long-Term Performance Plan ("LTPP") and Savings-Related Share Option Scheme ("Sharesave")

Barratt Developments PLC (the "Company") announces that in accordance with the requirements of D.T.R. 3.1.2R, the Company was notified on 19 October 2015 that the following transactions took place in London, on 19 October 2015 as follows:

(i) Grant of awards - DBP and LTPP:

Executive Director	Number of shares awarded under the DBP	Percentage of issued share capital	Number of shares awarded under the LTPP	Percentage of issued share capital
David Thomas	27,531	0.003	212,244	0.021
Steven Boyes	27,531	0.003	167,974	0.017

DBP Award

The DBP Award relates to the deferral of any bonus earned in excess of 100% of base salary into shares for the financial year ended 30 June 2015. The DBP shares will be deferred for a period of three years, commencing 19 October 2015, and are subject to a continued employment condition. 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 awarded against these deferred shares. The number of shares awarded was calculated at a share price of £6.56 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 2015.

LTPP Award

The number of shares over which the awards were granted were calculated based on a per share price of 637 pence, being the average of the closing prices, as derived from the London Stock Exchange daily official list, for each of the dealing days in the period of three months ending with the day before the Grant Date.

The awards are subject to the attainment of performance targets based on relative TSR (one-third), absolute EPS (one-third) and ROCE (one-third) measured over a three-year performance period commencing 1 July 2015. The awards are also subject to a two-year holding period commencing from 1 July 2018, being the end of the performance period.

If the performance targets are met, the awards will vest on 19 October 2018, subject to the two-year holding period. No shares will be released to the Executive Directors until such time as any tax and national insurance contributions due on release of the shares has been settled.

(ii) Exercise of an option - Sharesave

Steven Boyes, Chief Operating Officer, exercised an option to purchase 7,200 shares at an exercise price of 125 pence per share under the 2012 3 year Sharesave, which matured on 1 June 2015.

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

Total number of shares under option and/or award

Percentage of Issued Share Capital

David Thomas

1,754,448

0.176

Steven Boyes

1,484,511

0.150

The Company further confirms that, following the above transactions, each of the Directors/PDMRs of the Company, and their connected persons, hold the following total number of shares of 10 pence each in the Company:

Director/PDMR	Role	Total number of shares beneficially owned	Percentage of Issued Share Capital
John Allan	Chairman	3,102	0.0003
David Thomas	Chief Executive	931,577	0.0935
Steven Boyes	Chief Operating Officer	485,475	0.0487
Mark Rolfe	Senior Independent Director	71,821	0.0072
Richard Akers	Non-Executive Director	40,000	0.0040
Tessa Bamford	Non-Executive Director	32,542	0.0033
Nina Bibby	Non-Executive Director	8,500	0.0009
Tom Keevil	Group General Counsel and Company Secretary	7,200	0.0007