Barratt Developments PLC

Remuneration Information • Dec 12, 2022

National Storage Mechanism | Additional information

RNS Number : 4253J

Barratt Developments PLC

12 December 2022

BARRATT DEVELOPMENTS PLC

(the 'Company')

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

On 14 February 2022 Mike Scott, Chief Financial Officer, was granted a conditional award of shares ('Replacement Award') to compensate him for the value of the awards forfeited by him on leaving his previous employment to join the Company. The Company announces that on 12 December 2022, 22,559 of his Replacement Award shares vested. 10,619 shares were sold at £4.049 per share to cover the tax and NI due on release. The remaining shares were transferred into Mike's name. 

Following the above transaction, 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	378,907

In addition, 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	94,235
David Thomas	Chief Executive	1,297,576
Steven Boyes	Chief Operating Officer & Deputy Chief Executive	700,739
Mike Scott	Chief Financial Officer	52,050
Katie Bickerstaffe	Non-Executive Director	7,508
Jock Lennox	Non-Executive Director	10,000
Sharon White	Non-Executive Director	363

Notification of Dealing Form for 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 10p ISIN: GB0000811801
b)	Nature of the transaction	Vesting 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)	22,559 shares at no cost
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	12 December 2022
f)	Place of 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)		10,619 shares sold at £4.049 per share
d)	Aggregated information - Aggregated volume - Price		N/A - Single Transaction
e)	Date of the transaction		12 December 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 278278

Date of Notification:                              12 December 2022

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