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Regulatory Story
Company Barratt Developments PLC
TIDM BDEV
Headline Director/PDMR Shareholding
Released 10:00 30-Sep-2019
Number 1299O10

RNS Number : 1299O
Barratt Developments PLC
30 September 2019
 

BARRATT DEVELOPMENTS PLC

(the 'Company')

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') and persons closely associated ('PCAs') with them

Vesting of Awards under the Barratt Developments PLC Long Term Performance Plan (the 'LTPP')

In 2016, awards of shares were granted under the LTPP to David Thomas, Steven Boyes and Jessica White. The performance period for each of these awards ended on 30 June 2019.  As explained in the Company's Annual Report and Accounts 2019, the awards to David Thomas and Steven Boyes were subject to different performance criteria to the award granted to Jessica White. Consequently, 92.8% of the awards to David Thomas and Steven Boyes, and 100% of the award to Jessica White, have vested on 26 September 2019. David Thomas, Steven Boyes and Jessica White sold 127,712, 101,074 and 7,812 shares respectively at £6.315 per share to cover the tax and NI due on release. The remaining shares held by David Thomas and Steven Boyes are subject to a further two year holding period which commenced on 1 July 2019.

Following the vesting of the LTPP 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

671,864

Steven Boyes

Chief Operating Officer & Deputy Chief Executive

538,572

Jessica White

Chief Financial Officer

318,363

 

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

76,705

David Thomas

Chief Executive

966,795

Steven Boyes

Chief Operating Officer/Deputy Chief Executive

866,005

Jessica White

Chief Financial Officer

67,825

Richard Akers

Non-Executive Director

60,000

Nina Bibby

Non-Executive Director

8,500

Jock Lennox

Non-Executive Director

10,000

 

The Notification of Dealing Forms for the above transactions by David Thomas, Steven Boyes and Jessica White are set out below:

Notification of Dealing Form - Mr 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 Long Term Performance Plan

 

c)

 

Price(s) and volume(s)

 

 

271,319 shares under the Barratt Developments Long Term Performance Plan for no cost

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single transaction

 

N/A - Single transaction

 

e)

 

Date of the transaction

 

26 September 2019

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)

 

 

 

127,712 shares sold at £6.315014 per share

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - Single Transaction

 

N/A - Single Transaction

 

e)

 

Date of the transaction

 

26 September 2019

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 Long Term Performance Plan

c)

 

Price(s) and volume(s)

 

 

214,727 shares under the Barratt Developments Long Term Performance Plan for no cost

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single transaction

 

N/A - Single transaction

e)

 

Date of the transaction

 

26 September 2019

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)

 

 

 

101,074  shares sold at £6.315014 per share

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - Single Transaction

 

N/A - Single Transaction

 

e)

 

Date of the transaction

 

26 September 2019

f)

 

Place of the transaction

 

London Stock Exchange - XLON

 

Notification of Dealing Form - Mrs Jessica White

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Jessica White

 

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

4.1

 

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 Long Term Performance Plan

c)

 

Price(s) and volume(s)

 

 

16,596 shares under the Barratt Developments Long Term Performance Plan for no cost.

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single transaction

 

N/A - Single transaction

e)

 

Date of the transaction

 

26 September 2019

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)

 

 

 

7,812  shares sold at £6.315014 per share

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - Single Transaction

 

N/A - Single Transaction

 

e)

 

Date of the transaction

 

26 September 2019

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:                              30 September 2019


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