Barratt Developments PLC

Remuneration Information • Feb 15, 2022

National Storage Mechanism | Additional information

RNS Number : 7243B

Barratt Developments PLC

15 February 2022

BARRATT DEVELOPMENTS PLC

(the 'Company')

Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') and persons closely associated ('PCAs') with them

Share Purchase

The Company announces that Mike Scott, Chief Financial Officer, has purchased 5,000 ordinary shares of 10 pence each in the Company.

The Company confirms that, at the date of this announcement, 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
Steven Boyes	Chief Operating Officer/Deputy Chief Executive	618,644
Mike Scott	Chief Financial Officer	11,733
Nina Bibby	Non-Executive Director	8,500
Katie Bickerstaffe	Non-Executive Director	6,308
Jock Lennox	Non-Executive Director	10,000
Sharon White	Non-Executive Director	363

Grant of Awards under the Barratt Developments PLC Long-Term Performance Plan (the 'LTPP')

The Company announces that following his appointment on 6 December 2021, a conditional award of 117,716 ordinary shares was made to Mike Scott on 14 February 2022 under the LTPP.

The number of shares over which the award was granted was calculated based on a price of £6.9528 per share. This is the average of the closing prices, as derived from the London Stock Exchange's Daily Official List, for each of the dealing days in the period of three months ending with the day before 14 October 2021, being the date of grant of the LTPP awards made to the other Executive Directors during FY22.  The number of shares subject to the award has been pro-rated to reflect the length of the performance period remaining at the date of Mike's appointment.

The award is subject to the attainment of the same performance targets as for the LTPP awards granted in October 2021 to the other Executive Directors, and to a two-year holding period commencing from 1 July 2024, being the end of the performance period. These shares will accrue a dividend equivalent between the date of grant and the date on which the awards vest.

Grant of Replacement Award

A further conditional award of 112,800 ordinary shares was made to Mike Scott on 14 February 2022 (the 'Replacement Award') to compensate him for the value of the awards forfeited by him on leaving his previous employment to join the Company. The Replacement Award has been made in accordance with the Company's remuneration policy and Listing Rule 9.4.2(2). Further details of the Replacement Award can be found in the Company's 2021 Annual Report.

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
Steven Boyes	Chief Operating Officer & Deputy Chief Executive	684,429
Mike Scott	Chief Financial Officer	230,516

The Notification of Dealing Forms for the above transactions by Mike Scott are set out below:

Notification of Dealing Form - Mike Scott

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mike Scott

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

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£6.26996 per share	5,000

d)

Aggregated information

- Aggregated volume

- Price

N/A - Single Transaction

e)

Date of the transaction

11 February 2022

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

Grant of a Conditional Award under the Barratt Developments Long-Term Performance Plan

c)

Price(s) and volume(s)

117,716 shares awarded at no cost

d)

Aggregated information

- Aggregated volume

- Price

N/A - Single Transaction

e)

Date of the transaction

14 February 2022

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 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 a recruitment award agreement prepared in accordance with LR 9.4.2 (2), the terms of which are summarised in the 2021 Annual Report.

c)

Price(s) and volume(s)

112,800 shares awarded at no cost

d)

Aggregated information

- Aggregated volume

- Price

N/A - Single Transaction

e)

Date of the transaction

14 February 2022

f)

Place of the transaction

Outside a trading venue

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

For further information, please contact:

Tina Bains, Company Secretary              01530 278 278

Date of Notification:                                 15 February 2022

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHGCGDDXDBDGDU