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Barratt Developments PLC
Director's Dealing • Nov 25, 2020
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Director's Dealing
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National Storage Mechanism | Additional information 
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 £6.4878 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 £6.4878 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 £4.64 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 |
| Steven Boyes | Chief Operating Officer & Deputy 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 |
| Steven Boyes | Chief Operating Officer/Deputy 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 /Amendment | Initial notification |
| 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 financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
| 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 - Price |
N/A - Single transaction N/A - Single transaction |
| e) | Date of the transaction | 24 November 2020 |
| 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 financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
| 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 £6.4878 per share |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction 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 /Amendment
Initial notification
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 financial instrument, type of instrument
Identification code
Ordinary Shares of 10 pence
ISIN: GB0000811801
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
- Price
N/A - Single transaction
N/A - Single transaction
e)
Date of the transaction
24 November 2020
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 financial instrument, type of instrument
Identification code
Ordinary Shares of 10 pence
ISIN: GB0000811801
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 £6.4878 per share
d)
Aggregated information
- Aggregated volume
- Price
N/A - Single Transaction
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 financial instrument, type of instrument
Identification code
Ordinary Shares of 10 pence
ISIN: GB0000811801
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
- 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 - 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 /Amendment | Initial notification | |
| 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 financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
|
| 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 - Price |
N/A - Single transaction N/A - Single transaction |
|
| e) | Date of the transaction | 24 November 2020 | |
| 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 financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
|
| 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 £6.4878 per share | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction 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 /Amendment | Initial notification |
| 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 financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
| 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 - Price |
N/A - Single transaction N/A - Single transaction |
| e) | Date of the transaction | 24 November 2020 |
| 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 financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
| 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 £6.4878 per share |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction 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 /Amendment
Initial notification
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 financial instrument, type of instrument
Identification code
Ordinary Shares of 10 pence
ISIN: GB0000811801
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
- Price
N/A - Single transaction
N/A - Single transaction
e)
Date of the transaction
24 November 2020
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 financial instrument, type of instrument
Identification code
Ordinary Shares of 10 pence
ISIN: GB0000811801
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 £6.4878 per share
d)
Aggregated information
- Aggregated volume
- Price
N/A - Single Transaction
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 financial instrument, type of instrument
Identification code
Ordinary Shares of 10 pence
ISIN: GB0000811801
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
- 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 - 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 /Amendment | Initial notification |
| 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 financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
| 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 - Price |
N/A - Single transaction N/A - Single transaction |
| e) | Date of the transaction | 24 November 2020 |
| 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 financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
| 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 £6.4878 per share |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction 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 /Amendment
Initial notification
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 financial instrument, type of instrument
Identification code
Ordinary Shares of 10 pence
ISIN: GB0000811801
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) |
| £4.64 per share | 1,939 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - Single Transaction
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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