Remuneration Information • Oct 23, 2017
Remuneration Information
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RNS Number : 3523U
Barratt Developments PLC
23 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
Vesting of Awards under the Barratt Developments PLC Long Term Performance Plan (the 'LTPP')
On 20 October 2014, David Thomas and Steven Boyes were granted awards under the LTPP. This award vested on 20 October 2017 and the net shares (the 'Remaining Shares'), following the settlement of any tax and NI due on release, were transferred to them. David Thomas and Steven Boyes each sold 114,893 shares at £6.94 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 2017.
Vesting of Award under the Barratt Developments Managers Long Term Performance Plan (the 'SMIS')
On 20 October 2014 Jessica White was granted an award over 8,726 shares under the SMIS. This award vested on 20 October 2017 and the net shares, following settlement of any tax and NI due on release, were transferred to her. Jessica White sold 4,110 shares at £6.94 per share to cover the tax and NI due of release.
Following the vesting of the LTPP and the SMIS, 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 | 657,238 |
| Steven Boyes | Chief Operating Officer & Deputy Chief Executive | 523,981 |
| Jessica White | Chief Financial Officer | 35,985 |
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 | 1,218,493 |
| Steven Boyes | Chief Operating Officer/Deputy Chief Executive | 667,843 |
| Jessica White | Chief Financial Officer | 42,602 |
| 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 Form for the above transactions by David Thomas, Steven Boyes and Jessica White are set out below:
Notification of Dealing Form - Mr 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) | 244,086 shares under the Barratt Developments Long Term Performance Plan for no cost |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single transaction N/A - Single transaction |
| e) | Date of the transaction | 20 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) | 114,893 shares sold at £6.94019 pence per share |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single transaction N/A - Single transaction |
| e) | Date of the transaction | 20 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 Long Term Performance Plan | |
| c) | Price(s) and volume(s) | 244,086 shares under the Barratt Long Term Performance Plan for no cost | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single transaction N/A - Single transaction |
|
| e) | Date of the transaction | 20 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) | 114,893 shares sold at £6.94019 pence per share | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction N/A - Single Transaction |
|
| e) | Date of the transaction | 20 October 2017 | |
| f) | Place of the transaction | London Stock Exchange - XLON | |
Notification of Dealing Form - Mrs Jessica White
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Jessica White | |
| 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 Managers Long Term Performance Plan | |
| c) | Price(s) and volume(s) | 8,726 shares under the Managers Long Term Performance Plan for no cost | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single transaction N/A - Single transaction |
|
| e) | Date of the transaction | 20 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) | 4,110 shares sold at 6.94019 pence per share | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction N/A - Single Transaction |
|
| e) | Date of the transaction | 20 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: 23 October 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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