Barratt Developments PLC

Remuneration Information • Sep 27, 2021

National Storage Mechanism | Additional information

RNS Number : 0664N

Barratt Developments PLC

27 September 2021

27 September 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

Grant of Awards under the Barratt Developments PLC Deferred Bonus Plan (the 'DBP')

Further to the disclosure in the Company's 2021 Annual Report and Accounts in respect of the deferral into shares of any bonus earned in excess of 100% of base salary for the financial year ended 30 June 2021, the Company announces that it has granted following awards (the 'DBP Awards') to its Executive Directors on 24 September 2021 under the DBP:

Executive Director	Role	Amount of bonus deferred (£)	Number of shares under award
David Thomas	Chief Executive	365,957	52,138
Steven Boyes	Chief Operating Officer & Deputy Chief Executive	289,626	41,263

The number of shares awarded was calculated at a share price of 701.9 pence per share, being the average of the closing middle-market quotations, as derived from the daily official list of the Stock Exchange, for the first five dealing days following the date of the final results announcement of the Company for the financial year ended 30 June 2021.

The DBP Awards will be subject to a continued employment condition for a period of three years, commencing 24 September 2021. At the end of the three years, the shares will be released to the participants, subject to the payment of any tax and national insurance liability due on the shares at that time. No matching shares have been granted against the DBP Awards. 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	953,087
Steven Boyes	Chief Operating Officer and Deputy Chief Executive	765,831

The Notification of Dealing Forms for each of the above transactions by the Executive Directors/PDMRs can be found below:

Notification of Dealing - 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 /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	Grant of a Conditional Award under the Barratt Developments Deferred Bonus Plan
c)	Price(s) and volume(s)	52,138 shares awarded at no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	24 September 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 /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		Grant of a Conditional Award under the Barratt Developments Deferred Bonus Plan
c)	Price(s) and volume(s)		41,263 shares awarded at no cost
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction
e)	Date of the transaction		24 September 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 278278

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