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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