TIDMBDEV
RNS Number : 4592G
Barratt Developments PLC
25 November 2020
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 2017, awards were granted under the LTPP to David Thomas
(Chief Executive), Steven Boyes (Chief Operating Officer and Deputy
Chief Executive) and Jessica White (Chief Financial Officer). The
performance period for each of these awards ended on 30 June 2020.
On 24 November 2020, 19.35% of the awards vested. David Thomas,
Steven Boyes and Jessica White sold 20,613, 16,313 and 11,497
shares respectively at GBP6.4878 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 2020. Steven Boyes
subsequently transferred 18,343 shares to Andrea Boyes, a person
closely associated ('PCA') with him. The shares being transferred
will still be included when calculating the total shareholding of
Steven Boyes and his PCAs.
Vesting of Awards under the Barratt Developments Deferred Bonus
Plan (the 'DBP')
In 2017, awards were granted under the DBP to David Thomas,
Steven Boyes and Jessica White in respect of their bonuses earned
in excess of 100% of salary for the financial year ending 30 June
2017. This award vested on 24 November 2020 and the net shares,
following the settlement of any tax and NI due on release, have
been transferred to the participants. David Thomas, Steven Boyes
and Jessica White each sold 25,184, 19,931 and 360 shares
respectively at GBP6.4878 per share to cover the tax and NI due on
release. Steven Boyes subsequently transferred 22,411 shares to
Andrea Boyes, a person closely associated ('PCA') with him. The
shares being transferred will still be included when calculating
the total shareholding of Steven Boyes and his PCAs.
Exercise of options under the Barratt Developments
Savings-Related Share Option Scheme
Steven Boyes has exercised an option to purchase and retain
1,939 ordinary shares of 10 pence at an exercise price of GBP4.64
per share under the Company's Savings-Related Share Option
Scheme.
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 619,574
---------------------------------- -----------------
Chief Operating Officer & Deputy
Steven Boyes Chief Executive 501,899
---------------------------------- -----------------
Jessica White Chief Financial Officer 357,372
---------------------------------- -----------------
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 76,705
-------------------------------- -----------------
David Thomas Chief Executive 1,052,261
-------------------------------- -----------------
Chief Operating Officer/Deputy
Steven Boyes Chief Executive 500,583
-------------------------------- -----------------
Jessica White Chief Financial Officer 81,149
-------------------------------- -----------------
Richard Akers Non-Executive Director 60,000
-------------------------------- -----------------
Nina Bibby Non-Executive Director 8,500
-------------------------------- -----------------
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 Jessica White 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 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
.1 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
-------------------------- ---------------------------------------------
b) Nature of the transaction Vesting of Shares under the Barratt
Developments Long Term Performance
Plan
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 43,790 shares under the Barratt Developments
Long Term Performance Plan for no
cost
-------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single transaction
- Price N/A - Single transaction
-------------------------- ---------------------------------------------
e) Date of the transaction 24 November 2020
-------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange - XLON
-------------------------- ---------------------------------------------
4 Details of the transaction(s): section to be repeated
.2 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
-------------------------- ---------------------------------------------
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)
20,613 shares sold at GBP6.4878 per
share
-------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price N/A - Single Transaction
-------------------------- ---------------------------------------------
e) Date of the transaction 24 November 2020
-------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange - 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 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
-------------------------- -----------------------------------------------
4.1 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
-------------------------- -----------------------------------------------
b) Nature of the transaction Vesting of Shares under the Barratt
Developments Long Term Performance
Plan
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) 34,656 shares under the Barratt Developments
Long Term Performance Plan for no
cost
-------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single transaction
- Price N/A - Single transaction
-------------------------- -----------------------------------------------
e) Date of the transaction 24 November 2020
-------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange - XLON
-------------------------- -----------------------------------------------
4 Details of the transaction(s): section to be repeated
.2 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
---------------------------- ---------------------------------------------
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)
16,313 shares sold at GBP6.4878 per
share
---------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price N/A - Single Transaction
---------------------------- ---------------------------------------------
e) Date of the transaction 24 November 2020
---------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange - 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
---------------------------- ---------------------------------------------
b) Nature of the transaction Transfer for nil consideration of
Ordinary Shares to Mrs Andrea Boyes,
a PCA of Steven Boyes, Chief Operating
Officer and Deputy Chief Executive.
---------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 18,343
----------
---------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
---------------------------- ---------------------------------------------
e Date of the transaction 24 November 2020
---------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange - XLON
---------------------------- ---------------------------------------------
Notification of Dealing Form - 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
--------------------------- -----------------------------------------------
4.1 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
--------------------------- -----------------------------------------------
b) Nature of the transaction Vesting of Shares under the Barratt
Developments Long Term Performance
Plan
--------------------------- -----------------------------------------------
c) Price(s) and volume(s) 24,423 shares under the Barratt Developments
Long Term Performance Plan for no
cost.
--------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single transaction
- Price N/A - Single transaction
--------------------------- -----------------------------------------------
e) Date of the transaction 24 November 2020
--------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange - XLON
--------------------------- -----------------------------------------------
4 Details of the transaction(s): section to be repeated
.2 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
----------------------------- ---------------------------------------------
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)
11,497 shares sold at GBP6.4878 per
share
----------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price N/A - Single Transaction
----------------------------- ---------------------------------------------
e) Date of the transaction 24 November 2020
----------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange - XLON
----------------------------- ---------------------------------------------
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 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
.1 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
-------------------------- ---------------------------------------------
b) Nature of the transaction Vesting of Shares under the Barratt
Developments Deferred Bonus Plan
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 53,502 shares under the Barratt Developments
Deferred Bonus Plan for no cost
-------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single transaction
- Price N/A - Single transaction
-------------------------- ---------------------------------------------
e) Date of the transaction 24 November 2020
-------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange - XLON
-------------------------- ---------------------------------------------
4 Details of the transaction(s): section to be repeated
.2 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
-------------------------- ---------------------------------------------
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)
25,184 shares sold at GBP6.4878 per
share
-------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price N/A - Single Transaction
-------------------------- ---------------------------------------------
e) Date of the transaction 24 November 2020
-------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange - 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 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
-------------------------- -----------------------------------------------
4.1 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
-------------------------- -----------------------------------------------
b) Nature of the transaction Vesting of Shares under the Barratt
Developments Deferred Bonus Plan
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) 42,342 shares under the Barratt Developments
Deferred Bonus Plan for no cost
-------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single transaction
- Price N/A - Single transaction
-------------------------- -----------------------------------------------
e) Date of the transaction 24 November 2020
-------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange - XLON
-------------------------- -----------------------------------------------
4 Details of the transaction(s): section to be repeated
.2 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
---------------------------- ---------------------------------------------
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)
19,931 shares sold at GBP6.4878 per
share
---------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price N/A - Single Transaction
---------------------------- ---------------------------------------------
e) Date of the transaction 17 October 2019
---------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange - 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
---------------------------- ---------------------------------------------
b) Nature of the transaction Transfer for nil consideration of
Ordinary Shares to Mrs Andrea Boyes,
a PCA of Steven Boyes, Chief Operating
Officer and Deputy Chief Executive.
---------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 22,411
----------
---------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
---------------------------- ---------------------------------------------
e Date of the transaction 24 November 2020
---------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange - XLON
---------------------------- ---------------------------------------------
Notification of Dealing Form - 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
.1 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
-------------------------- ------------------------------------------
b) Nature of the transaction Vesting of Shares under the Barratt
Developments Deferred Bonus Plan
-------------------------- ------------------------------------------
c) Price(s) and volume(s) 758 shares under the Barratt Developments
Deferred Bonus Plan for no cost
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single transaction
- Price N/A - Single transaction
-------------------------- ------------------------------------------
e) Date of the transaction 24 November 2020
-------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange - XLON
-------------------------- ------------------------------------------
4 Details of the transaction(s): section to be repeated
.2 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
-------------------------- ------------------------------------------
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)
360 shares sold at GBP6.4878 per
share
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price N/A - Single Transaction
-------------------------- ------------------------------------------
e) Date of the transaction 24 November 2020
-------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange - XLON
-------------------------- ------------------------------------------
Notification of Dealing - 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 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 Ordinary Shares of 10 pence
financial instrument,
type of instrument
ISIN: GB0000811801
Identification code
--------------------------- --------------------------------------
b) Nature of the transaction Exercise of options under the Barratt
Developments Savings-Related Share
Option Scheme
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP4.64 per share 1,939
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
--------------------------- --------------------------------------
e) Date of the transaction 24 November 2020
--------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange - XLON
--------------------------- --------------------------------------
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 278 278
Date of Notification: 25 November 2020
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END
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November 25, 2020 04:04 ET (09:04 GMT)
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