Remuneration Information • Oct 17, 2017
Remuneration Information
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RNS Number : 8609T
Barratt Developments PLC
17 October 2017
17 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
Grant of Awards under the Barratt Developments PLC Deferred Bonus Plan (the 'DBP')
Further to the disclosure in the Company's 2017 Annual Report and Accounts in respect of the deferral into shares of any bonus earned in excess of 100% of base salary for the financial year ended 30 June 2017, the Company announces that it has granted awards (the 'DBP Awards') to its Executive Directors in accordance with the provisions of the DBP as approved by shareholders at the 2015 AGM as follows:
| Executive Director | Role | Amount of bonus deferred (£) | Number of shares under award |
| David Thomas | Chief Executive | 322,352 | 53,502 |
| Steven Boyes | Chief Operating Officer & Deputy Chief Executive | 255,116 | 42,342 |
| Jessica White | Chief Financial Officer | 4,567 | 758 |
The number of shares awarded was calculated at a share price of £6.025 per share, being the average of the closing middle-market quotations, as derived from the daily official list of the Stock Exchange, for the first five dealing days following the date of the final results announcement of the Company for the financial year ended 30 June 2017.
The DBP Awards will be subject to a continued employment condition for a period of three years, commencing 17 October 2017. 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 have been granted against the DBP Awards.
Following the above transactions, 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 | 901,324 |
| Steven Boyes | Chief Operating Officer & Deputy Chief Executive | 768,067 |
| Jessica White | Chief Financial Officer | 44,711 |
The Notification of Dealing Forms for each of the above transactions by the Executive Directors/PDMRs can be found below.
Notification of Dealing - 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 | 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 | Grant of a Conditional Award under the Barratt Developments Deferred Bonus Plan. |
| c) | Price(s) and volume(s) | 53,502 shares awarded at no cost and deferred for three years. |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction |
| e) | Date of the transaction | 17 October 2017 |
| f) | Place of the transaction | Outside a trading venue |
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 |
| 4.3 | 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 | Grant of a Conditional award under the Barratt Developments Deferred Bonus Plan. |
| c) | Price(s) and volume(s) | 42,342 shares awarded at no cost and deferred for three years. |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction |
| e) | Date of the transaction | 17 October 2017 |
| f) | Place of the transaction | Outside a trading venue |
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 | 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 | Grant of a Conditional award under the Barratt Developments Deferred Bonus Plan. | |
| c) | Price(s) and volume(s) | 758 shares awarded at no cost and deferred for three years. | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction | |
| e) | Date of the transaction | 17 October 2017 | |
| f) | Place of the transaction | Outside a trading venue | |
This notification is made in accordance with the requirements of the Market Abuse Regulation.
For further information please contact:
Tina Bains
Company Secretary
01530 278278
This information is provided by RNS
The company news service from the London Stock Exchange
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