Director/PDMR Shareholding

RNS Number : 7899H

Barratt Developments PLC

08 April 2022

 

BARRATT DEVELOPMENTS PLC

(the 'Company')

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Grant of options under the Barratt Developments Savings-Related Share Option Scheme (the 'SAYE')

An invitation to participate in the HMRC approved SAYE was recently extended to all employees with a minimum of one month's service with the Company on the same terms and was offered for a period of three or five years.

The Company announces that on 6 April 2022, Mike Scott, Chief Financial Officer, was granted options over ordinary shares of 10 pence each in the Company under the SAYE as follows:

	Number of options	Option price	Exercise period
Mike Scott	4,128	£4.36	1 July 2025 to 31 December 2025

Following the above transaction, 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	855,586
Steven Boyes	Chief Operating Officer and Deputy Chief Executive	684,429
Mike Scott	Chief Financial Officer	234,644

Notification of Dealing Form for Mr 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 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	Grant of Option under the Barratt Developments Savings-Related Share Option Scheme
c)	Price(s) and volume(s)	Option awarded over 4,128 shares at an exercise price of £4.36 per share
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	6 April 2022
f)	Place of transaction	Outside a Trading Venue

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 278278

Date of Notification:                                 7 April 2022

 

END

 

 

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