Information  X 
Enter a valid email address

Barclays PLC (BARC)

  Print      Mail a friend       Annual reports

Tuesday 18 March, 2014

Barclays PLC

Director/PDMR Shareholding

RNS Number : 5697C
Barclays PLC
18 March 2014
 



 

 

18 March 2014

 Barclays PLC (the "Company")

Director/PDMR Shareholding: Disclosure and Transparency Rules 3.1.4R (1)(a)

1.     The trustees of the Barclays Group (PSP) Employees' Benefit Trust and the Barclays Group (ESAS) Employees' Benefit Trust notified the Company on 18 March 2014 that on 17 March 2014 it had resolved to provide or had provided ordinary shares of Barclays PLC with a nominal value of 25p each (the "Shares") to the Directors and Persons Discharging Managerial Responsibilities ("PDMR") of the Company as set out in the table below.  The Shares are provided:

 

(i)    in respect of Share Incentive (Holding Period) Awards made in 2014 and Role Based Pay where Role Based Pay is being paid in Shares in Q1 (the remaining Shares, after tax liabilities were discharged, are now held in a nominee account on behalf of the individuals); and

 

(ii)   to satisfy awards made under the Barclays Group Share Value Plan, the Barclays Group Executive Share Award Scheme and the Joiners Share Value Plan over the last five years1.

 

The market price on the date the Shares were provided was 232.59 pence per share.

 

Director/

PDMR

Shares provided

to Director/

PDMR

Shares sold on

behalf of  Director/PDMR to meet tax liabilities *

Other shares sold on

behalf of  Director/PDMR 

A Jenkins

1,640,226

770,909

0

T Morzaria

463,627

217,905

0

E Bommensath

3,717,071

1,747,033

0

R Hoyt

302,596      

142,221

0

T King

1,638,080      

844,762

0

R Le Blanc

803,909      

377,841

188,501

I McDermott Brown

114,481      

53,808

0

S McGee

3,814,485      

2,129,249

0

M Roemer

199,907      

93,960

0

V Soranno Keating

404,758      

191,658

0

A Vaswani

358,493      

168,495

0

D West

216,785      

101,890

0





 

* Tax liabilities on the Shares provided were met in cash and the number of Shares actually received by each individual was reduced by the value required to meet those tax liabilities.

 

2.     The Barclays Nominee notified the Company on 18 March 2014 that on 17 March 2014 it sold ordinary shares of the Company at a price of 231.85 pence per share for the following PDMR:

 

PDMR

Shares sold

 

R Le Blanc

650,001

 

 

The revised total shareholding for each Director following these transactions is as follows:

 

Director

Total Beneficial Holding

 

A Jenkins

 

3,934,992

T Morzaria

255,722

 

For further information please contact:

 

Investor Relations

Media Relations

Charlie Rozes

Giles Croot

+44 (0)207 116 5752

+44 (0) 207 116 4755

 

 



1Share Value Plan (SVP)/Joiners Share Value Plan (JSVP)

The SVP was introduced in March 2010. SVP awards are granted to participants over Barclays PLC shares which may typically be released over a period of three years in equal annual tranches dependent on future service and the plan rules. Discretionary dividend equivalent payments may also be made to participants on release of a SVP award.  SVP awards are also made to eligible employees for recruitment purposes under schedule 1 to the SVP (JSVP). Since 2013, the shares released to Directors and PDMRs have been subject to a six-month holding period after release.

 

Executive Share Award Scheme (ESAS)

ESAS is a historical plan and new awards are no longer made under the plan. ESAS awards were granted to participants in the form of provisional allocations of Barclays PLC shares by an independent trustee. The ESAS award must normally be held for at least three years. Subject to the plan rules and trustee discretion, ESAS awards vest after three years, at which point additional bonus shares are awarded to participants.  If the participant does not withdraw the award shares until the fifth anniversary of the award date, a further 10% bonus shares may be released. Dividend shares may also be released by the ESAS trustee.  All awards are subject to potential forfeiture. 


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