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Barratt Developments PLC
Remuneration Information • Dec 1, 2020
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 1128H
Barratt Developments PLC
01 December 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:
Grant of Awards under the Barratt Developments PLC Long-Term Performance Plan (the 'LTPP')
The Company announces that the following awards were made on 30 November 2020 under the LTPP:
The number of shares over which the awards were granted were calculated based on a per share price of £5.3698, being the average of the closing prices, as derived from the London Stock Exchange daily official list, for each of the dealing days in the period of three months ending with the day before the Grant Date.
The awards are subject to the attainment of performance targets based on relative TSR (40%), absolute EPS (20%) and Underlying ROCE (40%) measured over a three-year performance period commencing 1 July 2020. The awards are also subject to a two-year holding period commencing from 1 July 2023, being the end of the performance period. No shares will be released to the Executive Directors until such time as any tax and national insurance contributions due on release of the shares has been settled. These shares will accrue a dividend equivalent.
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 | 901,578 |
| Steven Boyes | Chief Operating Officer & Deputy Chief Executive | 725,082 |
| Jessica White | Chief Financial Officer | 514,659 |
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 | Grant of a Conditional Award under the Barratt Developments Long-Term Performance Plan |
| c) | Price(s) and volume(s) | 282,004 shares awarded at no cost |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction |
| e) | Date of the transaction | 30 November 2020 |
| 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 /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 | Grant of a Conditional Award under the Barratt Developments Long-Term Performance Plan |
| c) | Price(s) and volume(s) | 223,183 shares awarded at no cost |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction |
| e) | Date of the transaction | 30 November 2020 |
| f) | Place of the transaction | Outside a trading venue |
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 | Grant of a Conditional Award under the Barratt Developments Long-Term Performance Plan |
| c) | Price(s) and volume(s) | 157,287 shares awarded at no cost |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction |
| e) | Date of the transaction | 30 November 2020 |
| 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: 1 December 2020
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