Barratt Developments PLC Director/PDMR Shareholding (2884Q)
17 Octubre 2019 - 9:41AM
UK Regulatory
TIDMBDEV
RNS Number : 2884Q
Barratt Developments PLC
17 October 2019
BARRATT DEVELOPMENTS PLC
(the 'Company')
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ('PDMRs') and persons
closely associated ('PCAs') with them
Vesting of Awards under the Barratt Developments Deferred Bonus
Plan (the 'DBP')
In October 2016, awards of shares were granted under the DBP to
David Thomas and Steven Boyes in respect of the bonus earned in
excess of 100% of salary for the financial year ending 30 June
2016. This award vested on 17 October 2019 and the net shares,
following the settlement of any tax and NI due on release, have
been transferred to the participants. David Thomas and Steven Boyes
each sold 30,211 and 23,910 shares respectively at GBP6.695 per
share to cover the tax and NI due on release. Steven Boyes
subsequently transferred 26,885 shares to Andrea Boyes, a person
closely associated ('PCA') with Steven Boyes. The shares being
transferred will still be included when calculating the total
shareholding of Steven Boyes and his PCAs.
Following the vesting of the DBP, 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 607,682
---------------------------------- -----------------
Chief Operating Officer & Deputy
Steven Boyes Chief Executive 487,777
---------------------------------- -----------------
Jessica White Chief Financial Officer 318,363
---------------------------------- -----------------
In addition, the Company confirms that, at the date of this
announcement, each of the Directors of the Company, and their PCAs,
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 1,000,766
-------------------------------- -----------------
Chief Operating Officer/Deputy
Steven Boyes Chief Executive 892,890
-------------------------------- -----------------
Jessica White Chief Financial Officer 67,825
-------------------------------- -----------------
Richard Akers Non-Executive Director 60,000
-------------------------------- -----------------
Nina Bibby Non-Executive Director 8,500
-------------------------------- -----------------
Jock Lennox Non-Executive Director 10,000
-------------------------------- -----------------
The Notification of Dealing Form for the above transactions by
David Thomas and Steven Boyes are set out below:
Notification of Dealing Form - Mr 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) 64,182 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 17 October 2019
-------------------------- ---------------------------------------------
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)
30,211 shares sold at GBP6.695 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
-------------------------- ---------------------------------------------
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
-------------------------- -----------------------------------------------
4.1 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) 50,795 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 17 October 2019
-------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange - XLON
-------------------------- -----------------------------------------------
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)
23,910 shares sold at GBP6.695 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 26,885
----------
---------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
---------------------------- ---------------------------------------------
e Date of the transaction 17 October 2019
---------------------------- ---------------------------------------------
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: 17 October 2019
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHBSBDGCXBBGCR
(END) Dow Jones Newswires
October 17, 2019 10:41 ET (14:41 GMT)
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