Director/PDMR Shareholding

RNS Number : 2262E

Barratt Developments PLC

26 October 2022

 

BARRATT DEVELOPMENTS PLC

(the 'Company')

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

The Company announces that the following share transactions have been undertaken by each of the Executive Directors:

Vesting of Awards under the Barratt Developments PLC Long Term Performance Plan (the 'LTPP')

In October 2019, David Thomas (Chief Executive) and Steven Boyes (Chief Operating Officer and Deputy Chief Executive) were granted awards over 238,024 shares and 188,376 shares respectively under the LTPP. In February 2022, a Replacement Award over 22,560 shares was granted to Mike Scott (Chief Financial Officer) on the same terms as the LTPP awards. The performance period for each of these awards ended on 30 June 2022. On 24 October 2022, 59.3% of the awards vested, totalling 141,148  shares for David Thomas, 111,706 shares for Steven Boyes and 13,378 shares for Mike Scott. David, Steven and Mike sold 68,207, 53,980 and 6,465 shares respectively at £3.55883 per share to cover the tax and NI due on release. The remaining shares are subject to a further two year holding period which commenced on 1 July 2022.   

Vesting of Awards under the Barratt Developments Deferred Bonus Plan (the 'DBP')

In 2019, David Thomas and Steven Boyes were granted awards over 53,677 shares and 47,157 shares respectively, under the DBP in respect of their bonuses earned in excess of 100% of salary for the financial year ended 30 June 2019. These awards vested on 24 October 2022 and the net shares of 27,738 shares and 24,369 shares were transferred to David Thomas and Steven Boyes respectively. David Thomas and Steven Boyes sold 25,939 and 22,788 shares respectively at £3.55883 per share to cover the tax and NI due on release.

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	960,263
Steven Boyes	Chief Operating Officer & Deputy Chief Executive	768,634
Mike Scott	Chief Financial Officer	401,466

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	94,235
David Thomas	Chief Executive	1,297,576
Steven Boyes	Chief Operating Officer & Deputy Chief Executive	700,739
Mike Scott	Chief Financial Officer	39,118
Katie Bickerstaffe	Non-Executive Director	7,508
Jock Lennox	Non-Executive Director	10,000
Sharon White	Non-Executive Director	363

The Notification of Dealing Forms for the above transactions by David Thomas, Steven Boyes and Mike Scott 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 /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 Long Term Performance Plan
c)	Price(s) and volume(s)	141,148 shares under the Barratt Developments Long Term Performance Plan for no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	24 October 2022
f)	Place of the transaction	Outside a trading venue
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)	68,207 shares sold at £3.55883 per share
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	24 October 2022
f)	Place of the transaction	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	Vesting of Shares under the Barratt Developments Deferred Bonus Plan
c)	Price(s) and volume(s)	53,677 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	24 October 2022
f)	Place of transaction	Outside a trading venue
4 .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 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 4.3.
c)	Price(s) and volume(s)	25,939  shares sold at £3.55883 per share
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction N/A - Single Transaction
e)	Date of the transaction	24 October 2022
f)	Place of the transaction	XLON

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 /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 Long Term Performance Plan
c)	Price(s) and volume(s)	111,706 shares under the Barratt Developments Long Term Performance Plan for no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	24 October 2022
f)	Place of the transaction	Outside a trading venue
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)		53,980 shares sold at £3.55883 per share
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction
e)	Date of the transaction		24 October 2022
f)	Place of the transaction		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	Vesting of Shares under the Barratt Developments Deferred Bonus Plan
c)	Price(s) and volume(s)	47,157 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	24 October 2022
f)	Place of the transaction	Outside a trading venue
4 .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 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 4.3.
c)	Price(s) and volume(s)		22,788 shares sold at £3.55883 per share
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction N/A - Single Transaction
e)	Date of the transaction		24 October 2022
f)	Place of the transaction		XLON

Notification of Dealing Form - Mike Scott

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mike Scott
2	Reason for the notification
a)	Position/status	Chief Financial Officer
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 Long Term Performance Plan
c)	Price(s) and volume(s)	13,378 shares under the Barratt Developments Long Term Performance Plan for no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	24 October 2022
f)	Place of the transaction	Outside a trading venue
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)		6,465 shares sold at £3.55883 per share
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction
e)	Date of the transaction		24 October 2022
f)	Place of the transaction		XLON

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

For further information, please contact:

Tina Bains, Company Secretary         01530 278 278

Date of Notification:   26 October 2022

 

END

 

 

DSHBXBDGRXDDGDL