Barratt Developments PLC Director/PDMR Shareholding (6898D)

TIDMBDEV

RNS Number : 6898D

Barratt Developments PLC

28 April 2017

28 April 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 options under the Barratt Developments Savings-Related Share Option Scheme (the 'SAYE')

The Company announces that on 27 April 2017, Steven Boyes was granted an option over 1,939 ordinary shares of 10 pence each in the Company under the HMRC approved SAYE. The Option may be exercised during the period 1 July 2020 to 31 December 2020 at an exercise price of GBP4.64 per share.

Participation in the SAYE was extended to all employees with a minimum of one month's service with the Company on similar terms and was offered for a period of three or five years.

Following the above transaction, 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       Role                            Total number 
  Director                                          of shares 
                                                 under option 
                                                 and/or award 
--------------  -----------------------------  -------------- 
 David Thomas    Chief Executive                    1,121,319 
--------------  -----------------------------  -------------- 
                 Chief Operating Officer 
 Steven Boyes     and Deputy Chief Executive          785,394 
--------------  -----------------------------  -------------- 
 

The Company also confirms that, at the date of this announcement, each of the PDMRs 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                                 34,205 
---------------  -----------------------------  ----------------- 
 David Thomas     Chief Executive                       1,459,096 
---------------  -----------------------------  ----------------- 
 Steven           Chief Operating Officer 
  Boyes            and Deputy Chief Executive           1,005,868 
---------------  -----------------------------  ----------------- 
 Richard 
  Akers           Non-Executive Director                   50,000 
---------------  -----------------------------  ----------------- 
 Tessa Bamford    Non-Executive Director                   35,706 
---------------  -----------------------------  ----------------- 
 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 by the Executive Director/PDMR can be found below.

Notification of Dealing - 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       Initial notification 
       /Amendment 
---  -------------------------  -------------------------------------- 
 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             Ordinary Shares of 10 pence 
       the financial 
       instrument, type 
       of instrument              ISIN: GB0000811801 
 
       Identification 
       code 
---  -------------------------  -------------------------------------- 
 b)   Nature of the              Grant of Option under the 
       transaction                Barratt Developments Savings-Related 
                                  Share Option Scheme 
---  -------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)     Option awarded over 1,939 
                                  shares at an exercise price 
                                  of GBP4.64 per share 
---  -------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume         N/A - Single Transaction 
 
       - Price 
---  -------------------------  -------------------------------------- 
 e)   Date of the transaction    27 April 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

END

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April 28, 2017 05:13 ET (09:13 GMT)