Barratt Developments PLC Director/PDMR Shareholding (7778L)

TIDMBDEV

RNS Number : 7778L

Barratt Developments PLC

23 April 2018

BARRATT DEVELOPMENTS PLC

(the 'Company')

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Grant of options under the Barratt Developments Savings-Related Share Option Scheme (the 'SAYE')

The Company announces that on 20 April 2018, Steven Boyes was granted an option over 2,004 ordinary shares of 10 pence each in the Company under the HMRC approved SAYE. The Option may be exercised during the period 1 July 2021 to 31 December 2021 at an exercise price of GBP4.49 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                      883,545 
--------------  -----------------------------  -------------- 
                 Chief Operating Officer 
 Steven Boyes     and Deputy Chief Executive          705,008 
--------------  -----------------------------  -------------- 
 Jessica 
  White          Chief Financial Officer              162,207 
--------------  -----------------------------  -------------- 
 

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                                 51,705 
---------------  -----------------------------  ----------------- 
 David Thomas     Chief Executive                       1,218,493 
---------------  -----------------------------  ----------------- 
 Steven           Chief Operating Officer 
  Boyes            and Deputy Chief Executive             667,843 
---------------  -----------------------------  ----------------- 
 Jessica 
  White           Chief Financial Officer                  42,602 
---------------  -----------------------------  ----------------- 
 Richard 
  Akers           Non-Executive Director                   50,000 
---------------  -----------------------------  ----------------- 
 Tessa Bamford    Non-Executive Director                   38,056 
---------------  -----------------------------  ----------------- 
 Nina Bibby       Non-Executive Director                    8,500 
---------------  -----------------------------  ----------------- 
 Jock Lennox      Non-Executive Director                   10,000 
---------------  -----------------------------  ----------------- 
 

Notification of Dealing Form for 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    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 10p 
       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 2,004 
                                 shares at an exercise price 
                                 of GBP4.49 per share 
---  ------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume        N/A - Single Transaction 
 
       - Price 
---  ------------------------  -------------------------------------- 
 e)   Date of the transaction   20 April 2018 
---  ------------------------  -------------------------------------- 
 f)   Place of transaction      Outside a trading venue 
---  ------------------------  -------------------------------------- 
 

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 278278 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 23, 2018 06:08 ET (10:08 GMT)