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BDEV Barratt Developments Plc

448.80
-0.40 (-0.09%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Barratt Developments Plc LSE:BDEV London Ordinary Share GB0000811801 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40 -0.09% 448.80 448.70 448.90 456.60 444.40 447.80 5,360,435 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Operative Builders 5.32B 530.3M 0.5441 8.24 4.37B

Barratt Developments PLC Director/PDMR Shareholding (8609T)

17/10/2017 4:05pm

UK Regulatory


Barratt Developments (LSE:BDEV)
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TIDMBDEV

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    Role                               Amount of       Number of 
  Director                                  bonus deferred    shares under 
                                                     (GBP)           award 
-----------  ---------------------------  ----------------  -------------- 
 David 
  Thomas      Chief Executive                      322,352          53,502 
-----------  ---------------------------  ----------------  -------------- 
 Steven       Chief Operating Officer 
  Boyes        & 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 GBP6.025 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       Role                          Total number 
  Director                                        of shares 
                                               under option 
                                               and/or award 
--------------  ---------------------------  -------------- 
 David Thomas    Chief Executive                    901,324 
--------------  ---------------------------  -------------- 
                 Chief Operating Officer 
 Steven Boyes     & 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       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 a Conditional Award 
       transaction                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     N/A - Single Transaction 
 
       - Aggregated volume 
 
       - Price 
---  -------------------------  -------------------------------- 
 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       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 
----  -------------------------  -------------------------------- 
 4.3   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             Ordinary Shares of 10 pence 
        the financial 
        instrument, type 
        of instrument              ISIN: GB0000811801 
 
        Identification 
        code 
----  -------------------------  -------------------------------- 
 b)    Nature of the              Grant of a Conditional award 
        transaction                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     N/A - Single Transaction 
 
        - Aggregated volume 
 
        - Price 
----  -------------------------  -------------------------------- 
 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         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 a Conditional award 
         transaction                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     N/A - Single Transaction 
 
         - Aggregated volume 
 
         - Price 
-----  -------------------------  -------------------------------- 
 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

END

DSHBUBDGDGBBGRR

(END) Dow Jones Newswires

October 17, 2017 11:05 ET (15:05 GMT)

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