Barratt Developments PLC

Remuneration Information • Oct 24, 2013

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RNS Number : 3528R

Barratt Developments PLC

24 October 2013

BARRATT DEVELOPMENTS PLC

NOTIFICATION OF TRANSACTIONS BY EXECUTIVE DIRECTORS AND PDMRS

Barratt Developments PLC Long-Term Performance Plan - Grant of Awards

In accordance with the requirements of D.T.R. 3.1.2R, Barratt Developments PLC (the "Company") was notified on 23 October 2013 that the following Executive Directors/PDMRs of the Company have been granted awards over 1,083,597 Ordinary Shares of 10 pence each in the Company, under the Barratt Developments Long-Term Performance Plan (the 'Plan'), in London, on 23 October 2013 as follows:

Executive Director/PDMR	Position	Number of shares over which award granted (percentage of issued share capital)
Mark Clare	Group Chief Executive	418,830 (0.043%)
David Thomas	Group Finance Director	271,230 (0.028%)
Steven Boyes	Group Executive Director	271,230 (0.028%)
Tom Keevil	Group General Counsel and Company Secretary	122,307 (0.012%)

The number of shares over which the awards were granted were calculated based on a per share price of 325 pence, determined in accordance with the rules of the Plan. The awards are subject to the attainment of performance targets based on relative TSR (50%) and EPS growth (50%) measured over a three-year performance period commencing 1 July 2013. If the performance targets are met, the awards will vest on 23 October 2016 and the relevant number of shares will be released to the Executive Directors/PDMRs, as soon as practicable, after the vesting date and the settlement of any tax and national insurance contributions due on the shares at that time.

Barratt Developments PLC Deferred Bonus Plan

Further to the disclosure in the Company's 2013 Annual Report and Accounts in respect of the deferral of 50% of the annual bonus earned in respect of the financial year ended 30 June 2013 into shares in accordance with the Company's Deferred Bonus Plan (the 'DBP'), the Company confirms that the following number of shares were awarded to Executive Directors/PDMRS under the DBP as follows:

Executive Director/PDMR	Number of Shares Awarded (percentage of issued share capital)
Mark Clare	101,560 (0.010%)
David Thomas	65,769 (0.007%)
Steven Boyes	65,769 (0.007%)
Tom Keevil	37,695 (0.004%)

The above shares are deferred for a period of three years and are subject to a continued employment performance condition. 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 are awarded against these deferred shares. The number of shares awarded was calculated at a share price of 326.9 pence.

Following the above grants, the Company confirms that at the date of this announcement, each of the Executive Directors/PDMRs hold the following total number of options and awards over Ordinary Shares of 10 pence each in the Company:

Executive Director/PDMR	Number of options and awards held (percentage of Issued Share Capital)
Mark Clare	3,032,312 (0.31%)
David Thomas	1,950,208 (0.20%)
Steven Boyes	1,880,431 (0.19%)
Tom Keevil	933,674 (0.10%)

Barratt Developments PLC Long-Term Performance Plan - Vesting of Awards

On 14 October 2010, the Executive Directors/PDMRs listed below were granted awards under the Plan (the '2010 LTPP'). 73.9% of the 2010 LTPP vested on 14 October 2013. In accordance with D.T.R. 3.1.2R, the Executive Directors/PDMRs listed below notified the Company on 23 October 2013 of the acquisition, after the settlement of any tax and national insurance due on the release of the shares, in aggregate, of 844,477 Ordinary Shares of 10 pence each in the Company, in London, on 23 October 2013, as follows:

Executive Director/PDMR	Number of shares vested (percentage of issued share capital)	Number of shares acquired following settlement of tax and NI (percentage of issued share capital)
Mark Clare	712,322 (0.07%)	376,691 (0.04%)
David Thomas	452,268 (0.05%)	239,169 (0.02%)
Steven Boyes	432,315 (0.04%)	228,617 (0.02%)

The Company confirms that at the date of this announcement, each of the Executive Directors/PDMRs of the Company, and their connected persons, hold the following total number of shares of 10 pence each in the Company:

Director/PDMR	Number of Shares Held (percentage of issued share capital)
Mark Clare	1,618,292 (0.165%)
David Thomas	551,950 (0.056%)
Steven Boyes	622,863 (0.064%)
Tom Keevil	28,295 (0.003%)

This notification is made in accordance with the requirements of D.T.R. 3.1.4R.

For further information please contact:

Tom Keevil Group General Counsel and Company Secretary	+44 (0)1530 278 278
Patrick Law, Group Corporate Affairs Director	+44 (0) 20 7299 4892

This information is provided by RNS

The company news service from the London Stock Exchange

END

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