Director's Dealing • Oct 9, 2017
Director's Dealing
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RNS Number : 1240T
Barratt Developments PLC
09 October 2017
BARRATT DEVELOPMENTS PLC
(the 'Company')
Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') and persons closely associated ('PCAs') with them
Sale of Shares
The Company announces that Steven Boyes and his PCAs have in aggregate sold 500,000 ordinary shares of 10 pence each on 6 October 2017 at a price of £6.51 per share.
Vesting of Awards under the Barratt Developments PLC Co-investment Plan (the 'Co-invest')
On 9 October 2014, David Thomas and Steven Boyes were granted awards under the Co-invest in respect of the bonus earned in excess of 100% of salary for the financial year ending 30 June 2014. This award vested on 9 October 2017 and the net shares, following the settlement of any tax and NI due on release, have been transferred to the participants. David Thomas and Steven Boyes each sold 26,887 shares at £6.53 per share to cover the tax and NI due on release.
Following the vesting of the Co-invest, 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 | 847,822 |
| Steven Boyes | Chief Operating Officer/Deputy Chief Executive | 725,725 |
| Jessica White | Chief Financial Officer | 43,953 |
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 | 34,205 |
| David Thomas | Chief Executive | 1,089,300 |
| Steven Boyes | Chief Operating Officer/Deputy Chief Executive | 538,650 |
| Jessica White | Chief Financial Officer | 37,986 |
| Richard Akers | Non-Executive Director | 50,000 |
| Tessa Bamford | Non-Executive Director | 36,121 |
| Nina Bibby | Non-Executive Director | 8,500 |
| Jock Lennox | Non-Executive Director | 10,000 |
The Notification of Dealing Forms for each of the above transactions are set out below:
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/ 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
4a
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
Sale of Barratt Developments PLC Ordinary Shares of 10 pence each.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £6.51 per share | 121,011 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - Single Transaction
N/A - Single Transaction
e)
Date of the transaction
6 October 2017
f)
Place of transaction
London Stock Exchange - XLON
Notification of Dealing Form for PCA of Steven Boyes
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrea Boyes
2
Reason for the notification
a)
Position/status
PCA of PDMR Steven Boyes Chief Operating Officer/ 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
4a
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
Sale of Barratt Developments PLC Ordinary Shares of 10 pence each.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £6.51 per share | 358,989 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - Single Transaction
N/A - Single Transaction
e)
Date of the transaction
6 October 2017
f)
Place of transaction
London Stock Exchange - XLON
Notification of Dealing Form for PCA of Steven Boyes
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Trustees of the S J Boyes Discretionary Settlement 2016
2
Reason for the notification
a)
Position/status
PCA of PDMR Steven Boyes Chief Operating Officer/ 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
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
Sale of Barratt Developments PLC Ordinary Shares of 10 pence each
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £6.51 per share | 10,000 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - Single Transaction
N/A - Single Transaction
e)
Date of the transaction
6 October 2017
f)
Place of transaction
London Stock Exchange - XLON
Notification of Dealing Form for PCA of Steven Boyes
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Trustees of the A Boyes Discretionary Settlement 2016
2
Reason for the notification
a)
Position/status
PCA of PDMR Steven Boyes Chief Operating Officer/ 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
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
Sale of Barratt Developments PLC Ordinary Shares of 10 pence each
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £6.51 per share | 10,000 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - Single Transaction
N/A - Single Transaction
e)
Date of the transaction
6 October 2017
f)
Place of transaction
London Stock Exchange - XLON
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 Co-investment Plan |
| c) | Price(s) and volume(s) | 57,091 shares under the Barratt Developments Co-investment Plan for no cost |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single transaction N/A - Single transaction |
| e) | Date of the transaction | 9 October 2017 |
| 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 | Sale of shares to cover tax and NI liability on the vesting of awards outlined in 4.1. |
| c) | Price(s) and volume(s) | 26,887 shares sold at £6.53 per share |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction N/A - Single Transaction |
| e) | Date of the transaction | 9 October 2017 |
| f) | Place of the transaction | London Stock Exchange - XLON |
Notification of Dealing Form - Mr 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 Co-investment Plan | |
| c) | Price(s) and volume(s) | 57,091 shares under the Barratt Developments Co-investment Plan for no cost | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single transaction N/A - Single transaction |
|
| e) | Date of the transaction | 9 October 2017 | |
| 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 | Sale of shares to cover tax and NI liability on the vesting of awards outlined in 4.1. | |
| c) | Price(s) and volume(s) | 26,887 shares sold at £6.53 per share | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction N/A - Single Transaction |
|
| e) | Date of the transaction | 9 October 2017 | |
| f) | Place of the transaction | London Stock Exchange - XLON | |
This notification is made in accordance with the requirements of the EU Market Abuse Regulation.
For further information, please contact:
Tina Bains, Company Secretary 01530 278 278
Date of Notification: 9 October 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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