leadf
logo-loader
RNS
viewBarratt Developments

Barratt Developments - Director/PDMR Shareholding

RNS Number : 1128H
Barratt Developments PLC
01 December 2020
 

BARRATT DEVELOPMENTS PLC

(the 'Company')

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') and persons closely associated ('PCAs') with them

The Company announces that the following share transactions have been undertaken by each of the Executive Directors:

Grant of Awards under the Barratt Developments PLC Long-Term Performance Plan (the 'LTPP')

The Company announces that the following awards were made on 30 November 2020 under the LTPP:

The number of shares over which the awards were granted were calculated based on a per share price of £5.3698, being the average of the closing prices, as derived from the London Stock Exchange daily official list, for each of the dealing days in the period of three months ending with the day before the Grant Date.

The awards are subject to the attainment of performance targets based on relative TSR (40%), absolute EPS (20%) and Underlying ROCE (40%) measured over a three-year performance period commencing 1 July 2020. The awards are also subject to a two-year holding period commencing from 1 July 2023, being the end of the performance period. No shares will be released to the Executive Directors until such time as any tax and national insurance contributions due on release of the shares has been settled. These shares will accrue a dividend equivalent. 

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

901,578

Steven Boyes

Chief Operating Officer & Deputy Chief Executive

725,082

Jessica White

Chief Financial Officer

514,659

 

 

The Notification of Dealing Forms for the above transactions by David Thomas, Steven Boyes and Jessica White respectively are set out below:

 

Notification of Dealing Form - 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

 

 

Grant of a Conditional Award under the Barratt Developments Long-Term Performance Plan

 

c)

 

Price(s) and volume(s)

 

282,004 shares awarded at no cost

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single Transaction

 

e)

 

Date of the transaction

 

30 November 2020

f)

 

Place of the transaction

 

Outside a trading venue

 

Notification of Dealing Form - 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

 

 

Grant of a Conditional Award under the Barratt Developments Long-Term Performance Plan

 

c)

 

Price(s) and volume(s)

 

223,183 shares awarded at no cost

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single Transaction

 

e)

 

Date of the transaction

 

30 November 2020

f)

Place of the transaction

Outside a trading venue

 

 

Notification of Dealing Form - 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

4.1

 

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

 

 

Grant of a Conditional Award under the Barratt Developments Long-Term Performance Plan

 

c)

 

Price(s) and volume(s)

 

157,287 shares awarded at no cost

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - Single Transaction

 

e)

 

Date of the transaction

 

30 November 2020

f)

 

Place of the 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 278 278

Date of Notification:                              1 December 2020

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHBBBDDLDGDGGB

Quick facts: Barratt Developments

Price: -

Market: LSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

8 min read