Director's Dealing • Oct 17, 2019
Director's Dealing
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National Storage Mechanism | Additional information
RNS Number : 2884Q
Barratt Developments PLC
17 October 2019
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 Deferred Bonus Plan (the 'DBP')
In October 2016, awards of shares were granted under the DBP to David Thomas and Steven Boyes in respect of the bonus earned in excess of 100% of salary for the financial year ending 30 June 2016. This award vested on 17 October 2019 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 30,211 and 23,910 shares respectively at £6.695 per share to cover the tax and NI due on release. Steven Boyes subsequently transferred 26,885 shares to Andrea Boyes, a person closely associated ('PCA') with Steven Boyes. The shares being transferred will still be included when calculating the total shareholding of Steven Boyes and his PCAs.
Following the vesting of the DBP, 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 | 607,682 |
| Steven Boyes | Chief Operating Officer & Deputy Chief Executive | 487,777 |
| Jessica White | Chief Financial Officer | 318,363 |
In addition, the Company confirms that, at the date of this announcement, each of the Directors of the Company, and their PCAs, hold the following total number of ordinary shares of 10 pence each in the Company:
| Director/PDMR | Role | Number of shares |
| John Allan | Chairman | 76,705 |
| David Thomas | Chief Executive | 1,000,766 |
| Steven Boyes | Chief Operating Officer/Deputy Chief Executive | 892,890 |
| Jessica White | Chief Financial Officer | 67,825 |
| Richard Akers | Non-Executive Director | 60,000 |
| 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 and Steven Boyes 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 Deferred Bonus Plan |
| c) | Price(s) and volume(s) | 64,182 shares under the Barratt Developments Deferred Bonus Plan for no cost |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single transaction N/A - Single transaction |
| e) | Date of the transaction | 17 October 2019 |
| 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) | 30,211 shares sold at £6.695 per share |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction N/A - Single Transaction |
| e) | Date of the transaction | 17 October 2019 |
| 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 Deferred Bonus Plan
c)
Price(s) and volume(s)
50,795 shares under the Barratt Developments Deferred Bonus Plan for no cost
d)
Aggregated information
- Aggregated volume
- Price
N/A - Single transaction
N/A - Single transaction
e)
Date of the transaction
17 October 2019
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)
23,910 shares sold at £6.695 per share
d)
Aggregated information
- Aggregated volume
- Price
N/A - Single Transaction
N/A - Single Transaction
e)
Date of the transaction
17 October 2019
f)
Place of the transaction
London Stock Exchange - XLON
4.3
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
Transfer for nil consideration of Ordinary Shares to Mrs Andrea Boyes, a PCA of Steven Boyes, Chief Operating Officer and Deputy Chief Executive.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 26,885 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - Single Transaction
e
Date of the transaction
17 October 2019
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: 17 October 2019
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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