Director/PDMR Shareholding

RNS Number : 1240T
Barratt Developments PLC
09 October 2017
 

BARRATT DEVELOPMENTS PLC

(the 'Company')

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') and persons closely associated ('PCAs') with them

Sale of Shares

The Company announces that Steven Boyes and his PCAs have in aggregate sold 500,000 ordinary shares of 10 pence each on 6 October 2017 at a price of £6.51 per share.

Vesting of Awards under the Barratt Developments PLC Co-investment Plan (the 'Co-invest')

On 9 October 2014, David Thomas and Steven Boyes were granted awards under the Co-invest in respect of the bonus earned in excess of 100% of salary for the financial year ending 30 June 2014.  This award vested on 9 October 2017 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 26,887 shares at £6.53 per share to cover the tax and NI due on release.

Following the vesting of the Co-invest, 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

847,822

Steven Boyes

Chief Operating Officer/Deputy Chief Executive

725,725

Jessica White

Chief Financial Officer

43,953

 

In addition, the Company confirms that, at the date of this announcement, each of the Directors of the Company, and their persons closely associated, hold the following total number of ordinary shares of 10 pence each in the Company:

 

Director/PDMR

Role

Number of shares

John Allan

Chairman

34,205

David Thomas

Chief Executive

1,089,300

Steven Boyes

Chief Operating Officer/Deputy Chief Executive

538,650

Jessica White

Chief Financial Officer

37,986

Richard Akers

Non-Executive Director

50,000

Tessa Bamford

Non-Executive Director

36,121

Nina Bibby

Non-Executive Director

8,500

Jock Lennox

Non-Executive Director

10,000

 

The Notification of Dealing Forms for each of the above transactions are set out below:

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/ 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

4a

 

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 10p

 

 

ISIN: GB0000811801

 

b)

 

Nature of the transaction

 

Sale of Barratt Developments PLC Ordinary Shares of 10 pence each.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

£6.51 per share

 

121,011



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single Transaction

 

N/A - Single Transaction

e)

Date of the transaction

6 October 2017

f)

Place of transaction

London Stock Exchange - XLON

 

Notification of Dealing Form for PCA of Steven Boyes

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

 

Andrea Boyes

2

 

Reason for the notification

 

a)

Position/status

 

PCA of PDMR Steven Boyes Chief Operating Officer/ 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

4a

 

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 10p

 

 

ISIN: GB0000811801

 

b)

 

Nature of the transaction

 

Sale of Barratt Developments PLC Ordinary Shares of 10 pence each.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

£6.51 per share

 

358,989



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single Transaction

 

N/A - Single Transaction

e)

Date of the transaction

6 October 2017

f)

Place of transaction

London Stock Exchange - XLON

 

Notification of Dealing Form for PCA of Steven Boyes

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

 

Trustees of the S J Boyes Discretionary Settlement 2016

2

 

Reason for the notification

 

a)

Position/status

 

PCA of PDMR Steven Boyes Chief Operating Officer/ 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

 

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 10p

 

 

ISIN: GB0000811801

 

b)

 

Nature of the transaction

 

Sale of Barratt Developments PLC Ordinary Shares of 10 pence each

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

£6.51 per share

 

10,000



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single Transaction

 

N/A - Single Transaction

e)

Date of the transaction

6 October 2017

f)

Place of transaction

London Stock Exchange - XLON

 

Notification of Dealing Form for PCA of Steven Boyes

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

 

Trustees of the A Boyes Discretionary Settlement 2016

2

 

Reason for the notification

 

a)

Position/status

 

PCA of PDMR Steven Boyes Chief Operating Officer/ 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

 

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 10p

 

 

ISIN: GB0000811801

 

b)

 

Nature of the transaction

 

Sale of Barratt Developments PLC Ordinary Shares of 10 pence each

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

£6.51 per share

 

10,000



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single Transaction

 

N/A - Single Transaction

e)

Date of the transaction

6 October 2017

f)

Place of transaction

London Stock Exchange - XLON

 

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 /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 Co-investment Plan

 

c)

 

Price(s) and volume(s)

 

 

 

57,091 shares under the Barratt Developments Co-investment Plan for no cost

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single transaction

 

N/A - Single transaction

 

e)

 

Date of the transaction

 

9 October 2017

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)

 

 

 

26,887 shares sold at £6.53 per share

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - Single Transaction

 

N/A - Single Transaction

 

e)

 

Date of the transaction

 

9 October 2017

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 Co-investment Plan

c)

 

Price(s) and volume(s)

 

 

57,091 shares under the Barratt Developments Co-investment Plan for no cost

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single transaction

 

N/A - Single transaction

e)

 

Date of the transaction

 

9 October 2017

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)

 

 

 

26,887 shares sold at £6.53 per share

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - Single Transaction

 

N/A - Single Transaction

 

e)

 

Date of the transaction

 

9 October 2017

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: 9 October 2017


This information is provided by RNS
The company news service from the London Stock Exchange
 
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