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Barratt Developments PLC
Director's Dealing • Oct 26, 2022
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 2262E
Barratt Developments PLC
26 October 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
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 October 2019, David Thomas (Chief Executive) and Steven Boyes (Chief Operating Officer and Deputy Chief Executive) were granted awards over 238,024 shares and 188,376 shares respectively under the LTPP. In February 2022, a Replacement Award over 22,560 shares was granted to Mike Scott (Chief Financial Officer) on the same terms as the LTPP awards. The performance period for each of these awards ended on 30 June 2022. On 24 October 2022, 59.3% of the awards vested, totalling 141,148 shares for David Thomas, 111,706 shares for Steven Boyes and 13,378 shares for Mike Scott. David, Steven and Mike sold 68,207, 53,980 and 6,465 shares respectively at £3.55883 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 2022.
Vesting of Awards under the Barratt Developments Deferred Bonus Plan (the 'DBP')
In 2019, David Thomas and Steven Boyes were granted awards over 53,677 shares and 47,157 shares respectively, under the DBP in respect of their bonuses earned in excess of 100% of salary for the financial year ended 30 June 2019. These awards vested on 24 October 2022 and the net shares of 27,738 shares and 24,369 shares were transferred to David Thomas and Steven Boyes respectively. David Thomas and Steven Boyes sold 25,939 and 22,788 shares respectively at £3.55883 per share to cover the tax and NI due on release.
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 | 960,263 |
| Steven Boyes | Chief Operating Officer & Deputy Chief Executive | 768,634 |
| Mike Scott | Chief Financial Officer | 401,466 |
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 | 94,235 |
| David Thomas | Chief Executive | 1,297,576 |
| Steven Boyes | Chief Operating Officer & Deputy Chief Executive | 700,739 |
| Mike Scott | Chief Financial Officer | 39,118 |
| Katie Bickerstaffe | Non-Executive Director | 7,508 |
| 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 Mike Scott 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) | 141,148 shares under the Barratt Developments Long Term Performance Plan for no cost |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction |
| e) | Date of the transaction | 24 October 2022 |
| f) | Place of the transaction | Outside a trading venue |
| 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) | 68,207 shares sold at £3.55883 per share |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction |
| e) | Date of the transaction | 24 October 2022 |
| f) | Place of the transaction | 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 | Vesting of Shares under the Barratt Developments Deferred Bonus Plan |
| c) | Price(s) and volume(s) | 53,677 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 October 2022 |
| f) | Place of transaction | Outside a trading venue |
| 4 .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 | Sale of shares to cover tax and NI liability on the vesting of awards outlined in 4.3. |
| c) | Price(s) and volume(s) | 25,939 shares sold at £3.55883 per share |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction N/A - Single Transaction |
| e) | Date of the transaction | 24 October 2022 |
| f) | Place of the transaction | 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) | 111,706 shares under the Barratt Developments Long Term Performance Plan for no cost | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction | |
| e) | Date of the transaction | 24 October 2022 | |
| f) | Place of the transaction | Outside a trading venue | |
| 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) | 53,980 shares sold at £3.55883 per share | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction | |
| e) | Date of the transaction | 24 October 2022 | |
| f) | Place of the transaction | 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 | Vesting of Shares under the Barratt Developments Deferred Bonus Plan | |
| c) | Price(s) and volume(s) | 47,157 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 October 2022 | |
| f) | Place of the transaction | Outside a trading venue | |
| 4 .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 | Sale of shares to cover tax and NI liability on the vesting of awards outlined in 4.3. | |
| c) | Price(s) and volume(s) | 22,788 shares sold at £3.55883 per share | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction N/A - Single Transaction |
|
| e) | Date of the transaction | 24 October 2022 | |
| f) | Place of the transaction | XLON | |
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 | Vesting of Shares under the Barratt Developments Long Term Performance Plan | |
| c) | Price(s) and volume(s) | 13,378 shares under the Barratt Developments Long Term Performance Plan for no cost | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction | |
| e) | Date of the transaction | 24 October 2022 | |
| f) | Place of the transaction | Outside a trading venue | |
| 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) | 6,465 shares sold at £3.55883 per share | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction | |
| e) | Date of the transaction | 24 October 2022 | |
| f) | Place of the transaction | XLON | |
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: 26 October 2022
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