TIDMBDEV

RNS Number : 1816Q

Barratt Developments PLC

25 October 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

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 2018, awards were granted under the LTPP to David Thomas (Chief Executive) and Steven Boyes (Chief Operating Officer and Deputy Chief Executive). The performance period for each of these awards ended on 30 June 2021. On 21 October 2021, 80% of the awards vested, 217,940 shares for David Thomas and 172,481 shares for Steven Boyes. David Thomas and Steven Boyes sold 102,586 and 81,188 shares respectively at GBP6.4822 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 2021. Steven Boyes subsequently transferred 91,293 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 2018, awards were granted under the DBP to David Thomas and Steven Boyes in respect of their bonuses earned in excess of 100% of salary for the financial year ended 30 June 2018. This award vested on 21 October 2021 and the net shares of 26,170 and 24,764, following the settlement of any tax and NI due on release, have been transferred to David Thomas and Steven Boyes respectively. David Thomas and Steven Boyes sold 23,275 and 22,023 shares respectively at GBP6.4822 per share to cover the tax and NI due on release. Steven Boyes subsequently transferred 24,764 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.

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                              855,586 
                      ----------------------------------  ----------------- 
                       Chief Operating Officer & Deputy 
 Steven Boyes           Chief Executive                             684,429 
                      ----------------------------------  ----------------- 
 

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                                    82,235 
                      --------------------------------  ----------------- 
 David Thomas          Chief Executive                          1,196,897 
                      --------------------------------  ----------------- 
                       Chief Operating Officer/Deputy 
 Steven Boyes           Chief Executive                           618,644 
                      --------------------------------  ----------------- 
 Nina Bibby            Non-Executive Director                       8,500 
                      --------------------------------  ----------------- 
 Katie Bickerstaffe    Non-Executive Director                       6,000 
                      --------------------------------  ----------------- 
 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 and Steven Boyes 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 
      ----------------------------  ------------------------------------- 
 4.1   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)        217,940 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       21 October 2021 
      ----------------------------  ------------------------------------- 
 f)    Place of the transaction      Outside a trading venue 
      ----------------------------  ------------------------------------- 
 4.2   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     Sale of shares to cover tax and NI 
                                      liability on the vesting of awards 
                                      outlined in 4.1 
      ----------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                       102,586 shares sold at GBP6.4822 
                                       per share 
      ----------------------------  ------------------------------------- 
 d)    Aggregated information 
 
        - Aggregated volume            N/A - Single Transaction 
 
        - Price                        N/A - Single Transaction 
      ----------------------------  ------------------------------------- 
 e)    Date of the transaction       21 October 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        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)      172,481 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     21 October 2021 
      --------------------------  ------------------------------------------------ 
 f)    Place of the transaction     Outside a trading venue 
      --------------------------  ------------------------------------------------ 
 4.2   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     Sale of shares to cover tax and NI 
                                      liability on the vesting of awards 
                                      outlined in 4.1. 
      ----------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                       81,188 shares sold at GBP6.4822 per 
                                       share 
      ----------------------------  ---------------------------------------------- 
 d)    Aggregated information 
 
        - Aggregated volume            N/A - Single Transaction 
 
        - Price                        N/A - Single Transaction 
      ----------------------------  ---------------------------------------------- 
 e)    Date of the transaction       21 October 2021 
      ----------------------------  ---------------------------------------------- 
 f)    Place of the transaction      Outside a trading venue 
      ----------------------------  ---------------------------------------------- 
 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        91,293 
                                                   ---------- 
      ----------------------------  ---------------------------------------------- 
 d)    Aggregated information 
 
        - Aggregated volume            N/A - Single Transaction 
 
        - Price 
      ----------------------------  ---------------------------------------------- 
 e     Date of the transaction       21 October 2021 
      ----------------------------  ---------------------------------------------- 
 f)    Place of the transaction      Outside a trading venue 
      ----------------------------  ---------------------------------------------- 
 
 

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 
      --------------------------  --------------------------------------------- 
 4.1   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)      49,445 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     21 October 2021 
      --------------------------  --------------------------------------------- 
 f)                                Outside a trading venue 
      --------------------------  --------------------------------------------- 
 4.2   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   Sale of shares to cover tax and NI 
                                    liability on the vesting of awards 
                                    outlined in 4.1. 
      --------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                     23,275 shares sold at GBP6.4822 per 
                                     share 
      --------------------------  --------------------------------------------- 
 d)    Aggregated information 
 
        - Aggregated volume          N/A - Single Transaction 
 
        - Price                      N/A - Single Transaction 
      --------------------------  --------------------------------------------- 
 e)    Date of the transaction     21 October 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        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)      46,787 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     21 October 2021 
      --------------------------  ----------------------------------------------- 
 f)    Place of the transaction    Outside a trading venue 
      --------------------------  ----------------------------------------------- 
 4.2   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     Sale of shares to cover tax and NI 
                                      liability on the vesting of awards 
                                      outlined in 4.1. 
      ----------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                       22,023 shares sold at GBP6.4822 
                                       per share 
      ----------------------------  --------------------------------------------- 
 d)    Aggregated information 
 
        - Aggregated volume            N/A - Single Transaction 
 
        - Price                        N/A - Single Transaction 
      ----------------------------  --------------------------------------------- 
 e)    Date of the transaction       21 October 2021 
      ----------------------------  --------------------------------------------- 
 f)    Place of the transaction      Outside a trading venue 
      ----------------------------  --------------------------------------------- 
 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        24,764 
                                                   ---------- 
      ----------------------------  --------------------------------------------- 
 d)    Aggregated information 
 
        - Aggregated volume            N/A - Single Transaction 
 
        - Price 
      ----------------------------  --------------------------------------------- 
 e     Date of the transaction       21 October 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 278 278 
   Date of Notification:                                 25 October 2021 

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END

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October 25, 2021 10:42 ET (14:42 GMT)

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