Director/PDMR Shareholding
Updated : 11:00
27 September 2021
Barratt Developments PLC
(the 'Company')
Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') and persons closely associated ('PCAs') with them
Grant of Awards under the Barratt Developments PLC Deferred Bonus Plan (the 'DBP')
Further to the disclosure in the Company's 2021 Annual Report and Accounts in respect of the deferral into shares of any bonus earned in excess of 100% of base salary for the financial year ended 30 June 2021, the Company announces that it has granted following awards (the 'DBP Awards') to its Executive Directors on 24 September 2021 under the DBP:
Executive Director | Role | Amount of bonus deferred (£) | Number of shares under award |
David Thomas | Chief Executive | 365,957 | 52,138 |
Steven Boyes | Chief Operating Officer & Deputy Chief Executive | 289,626 | 41,263 |
The number of shares awarded was calculated at a share price of 701.9 pence per share, being the average of the closing middle-market quotations, as derived from the daily official list of the Stock Exchange, for the first five dealing days following the date of the final results announcement of the Company for the financial year ended 30 June 2021.
The DBP Awards will be subject to a continued employment condition for a period of three years, commencing 24 September 2021. At the end of the three years, the shares will be released to the participants, subject to the payment of any tax and national insurance liability due on the shares at that time. No matching shares have been granted against the DBP Awards. These shares will accrue a dividend equivalent.
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 | 953,087 |
Steven Boyes | Chief Operating Officer and Deputy Chief Executive | 765,831 |
The Notification of Dealing Forms for each of the above transactions by the Executive Directors/PDMRs can be found below:
Notification of Dealing - Mr 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
| 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
| Grant of a Conditional Award under the Barratt Developments Deferred Bonus Plan
|
c)
| Price(s) and volume(s)
| 52,138 shares awarded at no cost
|
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
e)
| Date of the transaction
| 24 September 2021 |
f)
| Place of the transaction
| Outside a trading venue |
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
| 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
| Grant of a Conditional Award under the Barratt Developments Deferred Bonus Plan
| |
c)
| Price(s) and volume(s)
| 41,263 shares awarded at no cost
| |
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
| |
e)
| Date of the transaction
| 24 September 2021 | |
f)
| Place of the transaction
| Outside a trading venue | |
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 278278
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