Barratt Developments PLC Director/PDMR Shareholding (8609T)
October 17 2017 - 11:05AM
UK Regulatory
TIDMBDEV
RNS Number : 8609T
Barratt Developments PLC
17 October 2017
17 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
Grant of Awards under the Barratt Developments PLC Deferred
Bonus Plan (the 'DBP')
Further to the disclosure in the Company's 2017 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 2017, the Company announces that it has granted
awards (the 'DBP Awards') to its Executive Directors in accordance
with the provisions of the DBP as approved by shareholders at the
2015 AGM as follows:
Executive Role Amount of Number of
Director bonus deferred shares under
(GBP) award
----------- --------------------------- ---------------- --------------
David
Thomas Chief Executive 322,352 53,502
----------- --------------------------- ---------------- --------------
Steven Chief Operating Officer
Boyes & Deputy Chief Executive 255,116 42,342
----------- --------------------------- ---------------- --------------
Jessica
White Chief Financial Officer 4,567 758
----------- --------------------------- ---------------- --------------
The number of shares awarded was calculated at a share price of
GBP6.025 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 2017.
The DBP Awards will be subject to a continued employment
condition for a period of three years, commencing 17 October 2017.
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.
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 Role Total number
Director of shares
under option
and/or award
-------------- --------------------------- --------------
David Thomas Chief Executive 901,324
-------------- --------------------------- --------------
Chief Operating Officer
Steven Boyes & Deputy Chief Executive 768,067
-------------- --------------------------- --------------
Jessica
White Chief Financial Officer 44,711
-------------- --------------------------- --------------
The Notification of Dealing Forms for each of the above
transactions by the Executive Directors/PDMRs can be found
below.
Notification of Dealing - 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 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
--- ------------------------- --------------------------------
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 Ordinary Shares of 10 pence
the financial
instrument, type
of instrument ISIN: GB0000811801
Identification
code
--- ------------------------- --------------------------------
b) Nature of the Grant of a Conditional Award
transaction under the Barratt Developments
Deferred Bonus Plan.
--- ------------------------- --------------------------------
c) Price(s) and volume(s) 53,502 shares awarded at
no cost and deferred for
three years.
--- ------------------------- --------------------------------
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
--- ------------------------- --------------------------------
e) Date of the transaction 17 October 2017
--- ------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- --------------------------------
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 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
---- ------------------------- --------------------------------
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 Ordinary Shares of 10 pence
the financial
instrument, type
of instrument ISIN: GB0000811801
Identification
code
---- ------------------------- --------------------------------
b) Nature of the Grant of a Conditional award
transaction under the Barratt Developments
Deferred Bonus Plan.
---- ------------------------- --------------------------------
c) Price(s) and volume(s) 42,342 shares awarded at
no cost and deferred for
three years.
---- ------------------------- --------------------------------
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
---- ------------------------- --------------------------------
e) Date of the transaction 17 October 2017
---- ------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
---- ------------------------- --------------------------------
Notification of Dealing Form - Mrs Jessica White
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------
a) Name Jessica White
--- --------------------------- --------------------------------
2 Reason for the notification
--- -------------------------------------------------------------
a) Position/status Chief Financial Officer
--- --------------------------- --------------------------------
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
--- --------------------------- --------------------------------
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 Ordinary Shares of 10 pence
the financial
instrument, type
of instrument ISIN: GB0000811801
Identification
code
----- ------------------------- --------------------------------
b) Nature of the Grant of a Conditional award
transaction under the Barratt Developments
Deferred Bonus Plan.
----- ------------------------- --------------------------------
c) Price(s) and volume(s) 758 shares awarded at no
cost and deferred for three
years.
----- ------------------------- --------------------------------
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
----- ------------------------- --------------------------------
e) Date of the transaction 17 October 2017
----- ------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
----- ------------------------- --------------------------------
This notification is made in accordance with the requirements of
the Market Abuse Regulation.
For further information please contact:
Tina Bains
Company Secretary
01530 278278
This information is provided by RNS
The company news service from the London Stock Exchange
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