TIDMBDEV
RNS Number : 3523U
Barratt Developments PLC
23 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
Vesting of Awards under the Barratt Developments PLC Long Term
Performance Plan (the 'LTPP')
On 20 October 2014, David Thomas and Steven Boyes were granted
awards under the LTPP. This award vested on 20 October 2017 and the
net shares (the 'Remaining Shares'), following the settlement of
any tax and NI due on release, were transferred to them. David
Thomas and Steven Boyes each sold 114,893 shares at GBP6.94 per
share to cover the tax and NI due on release. The Remaining Shares
are subject to a further two year holding period which commenced on
1 July 2017.
Vesting of Award under the Barratt Developments Managers Long
Term Performance Plan (the 'SMIS')
On 20 October 2014 Jessica White was granted an award over 8,726
shares under the SMIS. This award vested on 20 October 2017 and the
net shares, following settlement of any tax and NI due on release,
were transferred to her. Jessica White sold 4,110 shares at GBP6.94
per share to cover the tax and NI due of release.
Following the vesting of the LTPP and the SMIS, 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 Role Total number
Director of shares
under option
and/or award
-------------- --------------------------- --------------
David Thomas Chief Executive 657,238
-------------- --------------------------- --------------
Chief Operating Officer
Steven Boyes & Deputy Chief Executive 523,981
-------------- --------------------------- --------------
Jessica
White Chief Financial Officer 35,985
-------------- --------------------------- --------------
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 1,218,493
--------------- -------------------------------- -----------------
Steven Chief Operating Officer/Deputy
Boyes Chief Executive 667,843
--------------- -------------------------------- -----------------
Jessica
White Chief Financial Officer 42,602
--------------- -------------------------------- -----------------
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 Form 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 Initial notification
/Amendment
---- ------------------------- ------------------------------------
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
.1 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 Ordinary Shares of 10 pence
the financial
instrument, type
of instrument ISIN: GB0000811801
Identification
code
---- ------------------------- ------------------------------------
b) Nature of the Vesting of Shares under the
transaction Barratt Developments Long
Term Performance Plan
---- ------------------------- ------------------------------------
c) Price(s) and volume(s) 244,086 shares under the
Barratt Developments Long
Term Performance Plan for
no cost
---- ------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single transaction
- Price N/A - Single transaction
---- ------------------------- ------------------------------------
e) Date of the transaction 20 October 2017
---- ------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange - XLON
---- ------------------------- ------------------------------------
4 Details of the transaction(s): section to
.2 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 Ordinary Shares of 10 pence
the financial
instrument, type
of instrument ISIN: GB0000811801
Identification
code
---- ------------------------- ------------------------------------
b) Nature of the Sale of shares to cover tax
transaction and NI liability on the vesting
of awards outlined in 4.1.
---- ------------------------- ------------------------------------
c) Price(s) and volume(s)
114,893 shares sold at GBP6.94019
pence per share
---- ------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single transaction
- Price N/A - Single transaction
---- ------------------------- ------------------------------------
e) Date of the transaction 20 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 Initial notification
/Amendment
---- ------------------------- --------------------------------------
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 Ordinary Shares of 10 pence
the financial
instrument, type
of instrument ISIN: GB0000811801
Identification
code
---- ------------------------- --------------------------------------
b) Nature of the Vesting of Shares under the
transaction Long Term Performance Plan
---- ------------------------- --------------------------------------
c) Price(s) and volume(s) 244,086 shares under the
Barratt Long Term Performance
Plan for no cost
---- ------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single transaction
- Price N/A - Single transaction
---- ------------------------- --------------------------------------
e) Date of the transaction 20 October 2017
---- ------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange - XLON
---- ------------------------- --------------------------------------
4 Details of the transaction(s): section to
.2 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 Ordinary Shares of 10 pence
the financial
instrument, type
of instrument ISIN: GB0000811801
Identification
code
---- --------------------------- ------------------------------------
b) Nature of the Sale of shares to cover tax
transaction and NI liability on the vesting
of awards outlined in 4.1.
---- --------------------------- ------------------------------------
c) Price(s) and volume(s)
114,893 shares sold at GBP6.94019
pence per share
---- --------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price N/A - Single Transaction
---- --------------------------- ------------------------------------
e) Date of the transaction 20 October 2017
---- --------------------------- ------------------------------------
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 Initial notification
/Amendment
---- ------------------------- -----------------------------------
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 Ordinary Shares of 10 pence
the financial
instrument, type
of instrument ISIN: GB0000811801
Identification
code
---- ------------------------- -----------------------------------
b) Nature of the Vesting of Shares under the
transaction Managers Long Term Performance
Plan
---- ------------------------- -----------------------------------
c) Price(s) and volume(s) 8,726 shares under the Managers
Long Term Performance Plan
for no cost
---- ------------------------- -----------------------------------
d) Aggregated information
- Aggregated volume N/A - Single transaction
- Price N/A - Single transaction
---- ------------------------- -----------------------------------
e) Date of the transaction 20 October 2017
---- ------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange - XLON
---- ------------------------- -----------------------------------
4 Details of the transaction(s): section to
.2 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 Ordinary Shares of 10 pence
the financial
instrument, type
of instrument ISIN: GB0000811801
Identification
code
---- --------------------------- ---------------------------------
b) Nature of the Sale of shares to cover tax
transaction and NI liability on the vesting
of awards outlined in 4.1.
---- --------------------------- ---------------------------------
c) Price(s) and volume(s)
4,110 shares sold at 6.94019
pence per share
---- --------------------------- ---------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price N/A - Single Transaction
---- --------------------------- ---------------------------------
e) Date of the transaction 20 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: 23 October 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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