Barratt Developments PLC Director/PDMR Shareholding (7473R)
September 25 2017 - 10:40AM
UK Regulatory
TIDMBDEV
RNS Number : 7473R
Barratt Developments PLC
25 September 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
Exercise of Options under the Barratt Developments 2008
Executive Share Option Scheme (the 'ESOS')
In accordance with the requirements of D.T.R.3.1.2 the Company
was notified that, David Thomas, Chief Executive and PDMR, has
exercised the following options over shares in the Company under
the ESOS on 22 September 2017:
Date of Grant Number of Option Price
Shares acquired (GBP)
--------------- ----------------- -------------
10.12.2009 8,350 1.1784
--------------- ----------------- -------------
10.12.2009 208,056 1.2139
--------------- ----------------- -------------
The 216,406 ordinary shares of 10 pence each resulting from the
above exercise were sold at a price of GBP5.8803 on the same date.
122,485 of these shares were sold to satisfy the option cost, tax
and NI and dealing costs due on exercise.
Following the above exercise, the Company confirms that, at the
date of this announcement, each of the Executive Directors holds an
option/award over the following total number of Ordinary Shares of
10 pence each in the Company:
Director Total number
of shares
under option
and/or award
-------------- ------------------------------ --------------
David Thomas Chief Executive 904,913
-------------- ------------------------------ --------------
Steven Deputy Chief Executive
Boyes and Chief Operating Officer 782,816
-------------- ------------------------------ --------------
Jessica
White Chief Financial Officer 43,953
-------------- ------------------------------ --------------
Sale of Shares
The Company also announces that David Thomas has sold 400,000
ordinary shares of 10 pence each on 22 September 2017 at a price of
GBP5.9145 per share.
Following the above transactions, 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 1,059,096
--------------- ----------------------------- -----------------
Steven Chief Operating Officer
Boyes and Deputy Chief Executive 1,008,446
--------------- ----------------------------- -----------------
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 by the Executive Director/PDMR can be found below.
Notification of Dealing Form for 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 Group Chief Executive
--- ------------------------ -------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ -------------------------------
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 Ordinary Shares of 10p
the financial
instrument, type
of instrument ISIN: GB0000811801
Identification
code
--- ------------------------ -------------------------------
b) Nature of the Acquisition of shares under
transaction the Company's Executive Share
Option Scheme
--- ------------------------ -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------- ----------
GBP1.1784 per
share 8,350
---------------- ----------
GBP1.2139 per
share 208,056
---------------- ----------
--- ------------------------ -------------------------------
d) Aggregated information
- Aggregated volume 216,406
- Price GBP1.2125
--- ------------------------ -------------------------------
e) Date of the transaction 22 September 2017
--- ------------------------ -------------------------------
f) Place of transaction London Stock Exchange - XLON
--- ------------------------ -------------------------------
4b 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 Ordinary Shares of 10p
the financial
instrument, type
of instrument ISIN: GB0000811801
Identification
code
--- ------------------------ -------------------------------
b) Nature of the Sale of Barratt Developments
transaction PLC Ordinary Shares of 10
pence each
--- ------------------------ -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------- ----------
GBP5.8803 per
share 216,406
---------------- ----------
GBP5.9145 per
share 400,000
---------------- ----------
--- ------------------------ -------------------------------
d) Aggregated information
- Aggregated volume 616,406
- Price GBP5.9025
--- ------------------------ -------------------------------
e) Date of the transaction 22 September 2017
--- ------------------------ -------------------------------
f) Place of transaction London Stock Exchange - XLON
--- ------------------------ -------------------------------
This notification is made in accordance with the requirements of
the Market Abuse Regulation.
For further information, please contact:
Tina Bains, Company Secretary 01530 278 278
This information is provided by RNS
The company news service from the London Stock Exchange
END
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