Director/PDMR Shareholding

RNS Number : 7473R

Barratt Developments PLC

25 September 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

Exercise of Options under the Barratt Developments 2008 Executive Share Option Scheme (the 'ESOS')

In accordance with the requirements of D.T.R.3.1.2 the Company was notified that, David Thomas, Chief Executive and PDMR, has exercised the following options over shares in the Company under the ESOS on 22 September 2017:

Date of Grant	Number of Shares acquired	Option Price (£)
10.12.2009	8,350	1.1784
10.12.2009	208,056	1.2139

The 216,406 ordinary shares of 10 pence each resulting from the above exercise were sold at a price of £5.8803 on the same date. 122,485 of these shares were sold to satisfy the option cost, tax and NI and dealing costs due on exercise.

Following the above exercise, the Company confirms that, at the date of this announcement, each of the Executive Directors holds an option/award over the following total number of Ordinary Shares of 10 pence each in the Company:

Director		Total number of shares under option and/or award
David Thomas	Chief Executive	904,913
Steven Boyes	Deputy Chief Executive and Chief Operating Officer	782,816
Jessica White	Chief Financial Officer	43,953

Sale of Shares

The Company also announces that David Thomas has sold 400,000 ordinary shares of 10 pence each on 22 September 2017 at a price of £5.9145 per share.

Following the above transactions, 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	1,059,096
Steven Boyes	Chief Operating Officer and Deputy Chief Executive	1,008,446
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 by the Executive Director/PDMR can be found below.

Notification of Dealing Form for 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	Group 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	Acquisition of shares under the Company's Executive Share Option Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.1784 per share 8,350 £1.2139 per share 208,056
d)	Aggregated information - Aggregated volume - Price	216,406 £1.2125
e)	Date of the transaction	22 September 2017
f)	Place of transaction	London Stock Exchange - XLON
4b	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) £5.8803 per share 216,406 £5.9145 per share 400,000
d)	Aggregated information - Aggregated volume - Price	616,406 £5.9025
e)	Date of the transaction	22 September 2017
f)	Place of transaction	London Stock Exchange - XLON

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

For further information, please contact:

Tina Bains, Company Secretary              01530 278 278

 

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