Barratt Developments PLC

Remuneration Information • Oct 21, 2014

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RNS Number : 9260U

Barratt Developments PLC

21 October 2014

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 20 October 2014 that the following Executive Directors/PDMRs of the Company have been granted awards over a combined total of 975,143 Ordinary Shares of 10 pence each in the Company, under the Barratt Developments Long-Term Performance Plan (the 'Plan'), in London, on 20 October 2014 as follows:

Executive Director/PDMR	Position	Number of shares over which award granted (percentage of issued share capital)
Mark Clare	Group Chief Executive	376,891 (0.038%)
David Thomas	Group Finance Director	244,086 (0.025%)
Steven Boyes	Group Executive Director	244,086 (0.025%)
Tom Keevil	Group General Counsel and Company Secretary	110,080 (0.011%)

The number of shares over which the awards were granted were calculated based on a per share price of 372 pence, being the average of the closing prices, as derived from the London Stock Exchange daily official list, for each of the dealing days in the period of three months ending with the day before the Grant Date. The awards are subject to the attainment of performance targets based on relative TSR (one-third), absolute EPS (one-third) and ROCE (one-third) measured over a three-year performance period commencing 1 July 2014. If the performance targets are met, the awards will vest on 20 October 2017 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.

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	3,497,363 (0.36%)
David Thomas	2,247,871 (0.23%)
Steven Boyes	2,184,186 (0.22%)
Tom Keevil	1,080,658 (0.11%)

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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