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 the following
share transactions undertaken by PDMRs:
Grant of Awards under the Barratt Developments Deferred Bonus
Plan (the 'DBP')
Further to the disclosure in the
Company's 2024 Annual Report and Accounts in respect of the
deferral into shares of one-third of any bonus earned for the
financial year ended 30 June 2024, the Company announces that it
has granted the following awards on 24 September 2024 to each of
the Executive Directors of the Company under the DBP:
Details of the award are set out
below.
|
|
Role
|
Number of shares under
award
|
|
David Thomas
|
Chief Executive
|
75,458
|
|
Steven Boyes
|
Chief Operating Officer & Deputy
Chief Executive
|
60,868
|
|
Mike Scott
|
Chief Financial Officer
|
46,436
|
The number of shares over which the
award was granted was calculated based on a share price of 497.56
pence 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 2024.
The DBP Awards will be subject to a
continued employment condition for a period of three years,
commencing 24 September 2024. 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. These shares will accrue a dividend equivalent.
Vesting of Awards under the DBP
In 2021, David Thomas and Steven
Boyes were granted awards over 52,138 shares and 41,263 shares
respectively, under the DBP in respect of their bonuses earned in
excess of 100% of salary for the financial year ended 30 June 2021.
These awards vested on 24 September 2024 and 27,596 shares were
transferred to David Thomas and 21,840 shares were transferred to
Steven Boyes. David Thomas and Steven Boyes sold 24,542 and 19,423
shares respectively at 496.549 pence per share to cover the tax and
NI due on release.
Following the above transactions,
the Company confirms that at the date of this announcement, each of
the Executive Directors, and the persons closely associated with
them, hold the following 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
|
904,212
|
|
Steven Boyes
|
Chief Operating Officer & Deputy
Chief Executive
|
732,647
|
|
Mike Scott
|
Chief Financial Officer
|
498,166
|
In addition, the Company confirms
that, at the date of this announcement, each of the Directors of
the Company, and the persons closely associated with them, hold the
following number of ordinary shares of 10 pence each in the
Company:
|
Director/PDMR
|
Role
|
Number of
Shares
|
|
Caroline Silver
|
Chair
|
10,000
|
|
David Thomas
|
Chief Executive
|
1,354,426
|
|
Steven Boyes
|
Chief Operating Officer & Deputy
Chief Executive
|
750,075
|
|
Mike Scott
|
Chief Financial Officer
|
69,832
|
|
Katie Bickerstaffe
|
Non-Executive Director
|
8,489
|
|
Jock Lennox
|
Non-Executive Director
|
10,000
|
|
Jasi Halai
|
Non-Executive Director
|
12,581
|
|
Nigel Webb
|
Non-Executive Director
|
12,660
|
The Notification of Dealing Form for
the above transaction is set out below:
Notification of Dealing Form
|
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 Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
75,458 shares awarded at no
cost
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
|
e)
|
Date of the transaction
|
24 September 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
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
|
Vesting of Shares under the Barratt
Developments Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
52,138 shares
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
|
e)
|
Date of the transaction
|
24 September 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
4.2
|
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
|
Sale of shares to cover tax and NI
liability on the vesting of awards under the Barratt Developments
Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
24,542 shares sold at £4.96549 per
share
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
|
e)
|
Date of the transaction
|
24 September 2024
|
|
f)
|
Place of the transaction
|
XLON
|
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 Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
60,868 shares awarded at no
cost
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
|
e)
|
Date of the transaction
|
24 September 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
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
|
Vesting of Shares under the Barratt
Developments Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
41,263 shares
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
|
e)
|
Date of the transaction
|
24 September 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
4.2
|
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
|
Sale of shares to cover tax and NI
liability on the vesting of awards outlined in 4.1
|
|
c)
|
Price(s) and volume(s)
|
19,423 shares sold at £4.96549 per
share
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
|
e)
|
Date of the transaction
|
24 September 2024
|
|
f)
|
Place of the transaction
|
XLON
|
Notification of Dealing Form - Mike Scott
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Mike Scott
|
|
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 Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
46,436 shares awarded at no
cost
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
|
e)
|
Date of the transaction
|
24 September 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
This notification is made in
accordance with the requirements of the UK Market Abuse
Regulation.
For further information, please
contact:
Tina Bains, Company
Secretary
+44 (0) 7469 054476