TIDMBDEV

RNS Number : 7091U

Barratt Developments PLC

07 April 2021

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')

The Company announces that on 7 April 2021, David Thomas and Steven Boyes were granted options over ordinary shares of 10 pence each in the Company under the HMRC approved SAYE as follows:

 
                Number of options   Option price   Exercise period 
 David Thomas   2,483               GBP6.04        1 July 2026 to 31 December 
                                                    2026 
               ------------------  -------------  --------------------------- 
 Steven Boyes   1,490               GBP6.04        1 July 2024 to 31 December 
                                                    2024 
               ------------------  -------------  --------------------------- 
 

An invitation to participate in the SAYE was 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.

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                                904,061 
                      ------------------------------------  ----------------- 
                       Chief Operating Officer and Deputy 
 Steven Boyes           Chief Executive                               726,572 
                      ------------------------------------  ----------------- 
 Jessica White         Chief Financial Officer                        514,659 
                      ------------------------------------  ----------------- 
 

Notification of Dealing Form for 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 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 10p 
       financial instrument, 
       type of instrument 
                                    ISIN: GB0000811801 
       Identification code 
     ---------------------------  -------------------------------------- 
 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 2,483 shares 
                                    at an exercise price of GBP6.04 per 
                                    share 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           N/A - Single Transaction 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      7 April 2021 
     ---------------------------  -------------------------------------- 
 f)   Place of transaction         Outside a Trading Venue 
     ---------------------------  -------------------------------------- 
 

Notification of Dealing Form for 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    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 10p 
       financial instrument, 
       type of instrument 
                                    ISIN: GB0000811801 
       Identification code 
     ---------------------------  -------------------------------------- 
 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 1,490 shares 
                                    at an exercise price of GBP6.04 per 
                                    share 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           N/A - Single Transaction 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      7 April 2021 
     ---------------------------  -------------------------------------- 
 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 

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END

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(END) Dow Jones Newswires

April 07, 2021 08:16 ET (12:16 GMT)