Barratt Developments PLC Director/PDMR Shareholding (1128H)
December 01 2020 - 5:29AM
UK Regulatory
TIDMBDEV
RNS Number : 1128H
Barratt Developments PLC
01 December 2020
BARRATT DEVELOPMENTS PLC
(the 'Company')
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ('PDMRs') and persons
closely associated ('PCAs') with them
The Company announces that the following share transactions have
been undertaken by each of the Executive Directors:
Grant of Awards under the Barratt Developments PLC Long-Term
Performance Plan (the 'LTPP')
The Company announces that the following awards were made on 30
November 2020 under the LTPP:
The number of shares over which the awards were granted were
calculated based on a per share price of GBP5.3698, being the
average of the closing prices, as derived from the London Stock
Exchange daily official list, for each of the dealing days in the
period of three months ending with the day before the Grant
Date.
The awards are subject to the attainment of performance targets
based on relative TSR (40%), absolute EPS (20%) and Underlying ROCE
(40%) measured over a three-year performance period commencing 1
July 2020. The awards are also subject to a two-year holding period
commencing from 1 July 2023, being the end of the performance
period. No shares will be released to the Executive Directors until
such time as any tax and national insurance contributions due on
release of the shares has been settled. These shares will accrue a
dividend equivalent.
Following the above transactions, 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 901,578
---------------------------------- -----------------
Chief Operating Officer & Deputy
Steven Boyes Chief Executive 725,082
---------------------------------- -----------------
Jessica White Chief Financial Officer 514,659
---------------------------------- -----------------
The Notification of Dealing Forms for the above transactions by
David Thomas, Steven Boyes and Jessica White respectively are set
out below:
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 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 the Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
---------------------------- -------------------------------------
b) Nature of the transaction Grant of a Conditional Award under
the Barratt Developments Long-Term
Performance Plan
---------------------------- -------------------------------------
c) Price(s) and volume(s) 282,004 shares awarded at no cost
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
---------------------------- -------------------------------------
e) Date of the transaction 30 November 2020
---------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------- -------------------------------------
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 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 the Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
---------------------------- -------------------------------------
b) Nature of the transaction Grant of a Conditional Award under
the Barratt Developments Long-Term
Performance Plan
---------------------------- -------------------------------------
c) Price(s) and volume(s) 223,183 shares awarded at no cost
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
---------------------------- -------------------------------------
e) Date of the transaction 30 November 2020
---------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------- -------------------------------------
Notification of Dealing Form - 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 the Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
---------------------------- -------------------------------------
b) Nature of the transaction Grant of a Conditional Award under
the Barratt Developments Long-Term
Performance Plan
---------------------------- -------------------------------------
c) Price(s) and volume(s) 157,287 shares awarded at no cost
---------------------------- -------------------------------------
d) Aggregated information
N/A - Single Transaction
- Aggregated volume
- Price
---------------------------- -------------------------------------
e) Date of the transaction 30 November 2020
---------------------------- -------------------------------------
f) Place of the 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 278 278
Date of Notification: 1 December 2020
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END
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