Director/PDMR Shareholding

RNS Number : 6720P

Barratt Developments PLC

26 October 2012

 



Barratt Developments PLC

Grant of Awards under the Barratt Developments Long-Term Performance Plan

In accordance with the requirements of D.T.R.3.1.2R and section 793 of the Companies Act 2006, Barratt Developments PLC (the "Company") was notified on 24 October 2012 that the following Executive Directors/PDMRs of the Company have been granted awards over 2,141,390 Ordinary Shares of 10 pence each in the Company, under the Barratt Developments Long-Term Performance Plan (the 'Plan'), in London, on 24 October 2012 as follows:

Director	Position	Number of shares over which award granted (percentage of issued share capital)
Mark Clare	Group Chief Executive	825,357 (0.084%)
David Thomas	Group Finance Director	534,493 (0.055%)
Steven Boyes	Group Executive Director	534,493 (0.055%)
Tom Keevil	Group General Counsel and Company Secretary	247,047 (0.025%)

The number of shares over which the awards were granted were calculated based on a per share price of 160.09 pence, determined in accordance with the rules of the Plan. The awards are subject to the attainment of performance targets based on relative TSR (50%) and EPS growth (50%) measured over a three-year performance period commencing 1 July 2012. 

Following the above grant, the Company confirms that at the date of this announcement, each of the Executive Directors/PDMRs hold the following total number of options and awards over Ordinary Shares of 10 pence each in the Company:

Director	Number of options and awards held (percentage of Issued Share Capital)
Mark Clare	4,173,342 (0.427%)
David Thomas	2,664,182 (0.273%)
Steven Boyes	2,669,840 (0.273%)
Tom Keevil	773,672 (0.079%)

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

For further information please contact:

Tom Keevil Group General Counsel and Company Secretary

[phone]

 

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