Director/PDMR Shareholding

RNS Number : 1240T

Barratt Developments PLC

09 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

Sale of Shares

The Company announces that Steven Boyes and his PCAs have in aggregate sold 500,000 ordinary shares of 10 pence each on 6 October 2017 at a price of £6.51 per share.

Vesting of Awards under the Barratt Developments PLC Co-investment Plan (the 'Co-invest')

On 9 October 2014, David Thomas and Steven Boyes were granted awards under the Co-invest in respect of the bonus earned in excess of 100% of salary for the financial year ending 30 June 2014.  This award vested on 9 October 2017 and the net shares, following the settlement of any tax and NI due on release, have been transferred to the participants. David Thomas and Steven Boyes each sold 26,887 shares at £6.53 per share to cover the tax and NI due on release.

Following the vesting of the Co-invest, 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	847,822
Steven Boyes	Chief Operating Officer/Deputy Chief Executive	725,725
Jessica White	Chief Financial Officer	43,953

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
John Allan	Chairman	34,205
David Thomas	Chief Executive	1,089,300
Steven Boyes	Chief Operating Officer/Deputy Chief Executive	538,650
Jessica White	Chief Financial Officer	37,986
Richard Akers	Non-Executive Director	50,000
Tessa Bamford	Non-Executive Director	36,121
Nina Bibby	Non-Executive Director	8,500
Jock Lennox	Non-Executive Director	10,000

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

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/ 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
4a	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 10p ISIN: GB0000811801
b)	Nature of the transaction	Sale of Barratt Developments PLC Ordinary Shares of 10 pence each.
c)	Price(s) and volume(s)	Price(s) Volume(s) £6.51 per share 121,011
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction N/A - Single Transaction
e)	Date of the transaction	6 October 2017
f)	Place of transaction	London Stock Exchange - XLON

Notification of Dealing Form for PCA of Steven Boyes

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrea Boyes
2	Reason for the notification
a)	Position/status	PCA of PDMR Steven Boyes Chief Operating Officer/ 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
4a	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 10p ISIN: GB0000811801
b)	Nature of the transaction	Sale of Barratt Developments PLC Ordinary Shares of 10 pence each.
c)	Price(s) and volume(s)	Price(s) Volume(s) £6.51 per share 358,989
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction N/A - Single Transaction
e)	Date of the transaction	6 October 2017
f)	Place of transaction	London Stock Exchange - XLON

Notification of Dealing Form for PCA of Steven Boyes

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Trustees of the S J Boyes Discretionary Settlement 2016
2	Reason for the notification
a)	Position/status	PCA of PDMR Steven Boyes Chief Operating Officer/ 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	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 10p ISIN: GB0000811801
b)	Nature of the transaction	Sale of Barratt Developments PLC Ordinary Shares of 10 pence each
c)	Price(s) and volume(s)	Price(s) Volume(s) £6.51 per share 10,000
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction N/A - Single Transaction
e)	Date of the transaction	6 October 2017
f)	Place of transaction	London Stock Exchange - XLON

Notification of Dealing Form for PCA of Steven Boyes

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Trustees of the A Boyes Discretionary Settlement 2016
2	Reason for the notification
a)	Position/status	PCA of PDMR Steven Boyes Chief Operating Officer/ 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	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 10p ISIN: GB0000811801
b)	Nature of the transaction	Sale of Barratt Developments PLC Ordinary Shares of 10 pence each
c)	Price(s) and volume(s)	Price(s) Volume(s) £6.51 per share 10,000
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction N/A - Single Transaction
e)	Date of the transaction	6 October 2017
f)	Place of transaction	London Stock Exchange - XLON

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 Co-investment Plan
c)	Price(s) and volume(s)	57,091 shares under the Barratt Developments Co-investment Plan for no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction N/A - Single transaction
e)	Date of the transaction	9 October 2017
f)	Place of the transaction	London Stock Exchange - XLON
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)	26,887 shares sold at £6.53 per share
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction N/A - Single Transaction
e)	Date of the transaction	9 October 2017
f)	Place of the transaction	London Stock Exchange - XLON

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
4.1	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 Co-investment Plan
c)	Price(s) and volume(s)	57,091 shares under the Barratt Developments Co-investment Plan for no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction N/A - Single transaction
e)	Date of the transaction	9 October 2017
f)	Place of the transaction	London Stock Exchange - XLON
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)		26,887 shares sold at £6.53 per share
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction N/A - Single Transaction
e)	Date of the transaction		9 October 2017
f)	Place of the transaction		London Stock Exchange - XLON

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

For further information, please contact:

Tina Bains, Company Secretary              01530 278 278

Date of Notification: 9 October 2017

 

END

 

 

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