Barratt Developments PLC Director/PDMR Shareholding (3841P)
October 18 2021 - 4:29AM
UK Regulatory
TIDMBDEV
RNS Number : 3841P
Barratt Developments PLC
18 October 2021
BARRATT DEVELOPMENTS PLC
(the 'Company')
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ('PDMRs') and persons
closely associated ('PCAs') with them
Grant of Awards under the Barratt Developments PLC Long-Term
Performance Plan (the 'LTPP')
The Company announces that the following awards were made on 14
October 2021 under the LTPP:
Executive Director Role Number of shares
under award
David Thomas Chief Executive 224,370
---------------------------------- -----------------
Chief Operating Officer & Deputy
Steven Boyes Chief Executive 180,987
---------------------------------- -----------------
The number of shares over which the awards were granted were
calculated based on a price of GBP6.9528 per share, 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 TSR (30%), EPS (15%), Underlying ROCE (40%) and reduction
of Greenhouse Gas Emissions (15%), measured over a three-year
performance period commencing 1 July 2021. The awards are also
subject to a two-year holding period commencing from 1 July 2024,
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 between the
date of grant and the date on which the awards vest.
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 1,177,457
---------------------------------- -----------------
Chief Operating Officer & Deputy
Steven Boyes Chief Executive 946,818
---------------------------------- -----------------
The Notification of Dealing Forms for the above transactions by
David Thomas and Steven Boyes 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) 224,370 shares awarded at no cost
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
---------------------------- -------------------------------------
e) Date of the transaction 14 October 2021
---------------------------- -------------------------------------
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) 180,987 shares awarded at no cost
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
---------------------------- -------------------------------------
e) Date of the transaction 14 October 2021
---------------------------- -------------------------------------
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: 18 October 2021
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END
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