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RNS Number : 2884Q
Barratt Developments PLC
17 October 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 Deferred Bonus Plan (the 'DBP')

In October 2016, awards of shares were granted under the DBP to David Thomas and Steven Boyes in respect of the bonus earned in excess of 100% of salary for the financial year ending 30 June 2016.  This award vested on 17 October 2019 and the net shares, following the settlement of any tax and NI due on release, have been transferred to the participants. David Thomas and Steven Boyes each sold 30,211 and 23,910 shares respectively at £6.695 per share to cover the tax and NI due on release. Steven Boyes subsequently transferred 26,885 shares to Andrea Boyes, a person closely associated ('PCA') with Steven Boyes. The shares being transferred will still be included when calculating the total shareholding of Steven Boyes and his PCAs. 

Following the vesting of the DBP, 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

607,682

Steven Boyes

Chief Operating Officer & Deputy Chief Executive

487,777

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 PCAs, 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

1,000,766

Steven Boyes

Chief Operating Officer/Deputy Chief Executive

892,890

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 Form for the above transactions by David Thomas and Steven Boyes 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 Deferred Bonus Plan

 

c)

 

Price(s) and volume(s)

 

 

64,182 shares under the Barratt Developments Deferred Bonus Plan for no cost

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single transaction

 

N/A - Single transaction

 

e)

 

Date of the transaction

 

17 October 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)

 

 

 

30,211 shares sold at £6.695 per share

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - Single Transaction

 

N/A - Single Transaction

 

e)

 

Date of the transaction

 

17 October 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 Deferred Bonus Plan

c)

 

Price(s) and volume(s)

 

 

50,795 shares under the Barratt Developments Deferred Bonus Plan for no cost

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single transaction

 

N/A - Single transaction

e)

 

Date of the transaction

 

17 October 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)

 

 

 

23,910 shares sold at £6.695 per share

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - Single Transaction

 

N/A - Single Transaction

 

e)

 

Date of the transaction

 

17 October 2019

f)

 

Place of the transaction

 

London Stock Exchange - XLON

4.3

 

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

 

Transfer for nil consideration of Ordinary Shares to Mrs Andrea Boyes, a PCA of Steven Boyes, Chief Operating Officer and Deputy Chief Executive.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

Nil

 

26,885

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

N/A - Single Transaction

 

 

e

Date of the transaction

17 October 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:                               17 October 2019


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Barratt Developments

Price: 665.6

Market: LSE
Market Cap: £6.78 billion
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