Director/PDMR Shareholding

RNS Number : 4152J

Barratt Developments PLC

30 March 2010

 



Barratt Developments PLC

David Thomas, Group Finance Director, granted an option under the Barratt Developments Savings-Related Share Option Scheme

In accordance with the requirements of D.T.R.3.1.2 Barratt Developments PLC (the "Company") was notified on 29 March 2010 that, David Thomas, Group Finance Director, was granted an option over 7,811 ordinary shares of 10 pence each in the Company at an exercise price of £1.1618 per share, in London, on 29 March 2010.

The option has been granted under the HMRC approved Savings-Related Share Option Scheme (the "Scheme"), participation to which was extended to all employees on similar terms. In total 50% of the Company's employees are participating in the Scheme. The option is exercisable during the period 1 June 2013 to 30 November 2013.

Following the above grant, David Thomas holds options over 1,684,244 ordinary shares of 10 pence each in the Company and holds 116,000 ordinary shares of 10 pence each in the Company representing 0.012% of the Company's issued share capital.

The total number of options figure reflects, not only the grant of options being notified, but also the recent implementation of adjustments to the terms of pre-existing options in consequence of the Company's recent rights issue in accordance with the terms of the relevant option schemes, as described in the rights issue prospectus and circular each dated 23 September 2009. 

The Company confirms that at the date of this announcement, each of the Directors/PDMRs hold the following total number of shares of 10 pence each in the Company:

Director	Number of Shares Held (percentage of Issued Share Capital)
Robert Lawson	490,242 (0.051%)
Mark Clare	1,218,698 (0.126%)
David Thomas	116,000 (0.012%)
Steven Boyes	373,221 (0.039%)
Clive Fenton	259,401 (0.027%)
Robert Davies	23,000 (0.002%)
Tessa Bamford	16,500 (0.002%)
Roderick MacEachrane	27,600 (0.003%)
William Shannon	11,578 (0.001%)
Mark Rolfe	69,000 (0.007%)
Laurence Dent	349,534 (0.036%)

This notification is made in accordance with the requirements of D.T.R. 3.1.4.

For further information please contact:

Laurence Dent Group General Counsel and Company Secretary

[phone]

 

END

 

 

RDSBGGDXBDXBGGG