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RNS Number : 5583W
Barratt Developments PLC
27 April 2016
 

Barratt Developments PLC

 

Grant of options under the Barratt Developments Savings-Related Share Option Scheme

 

In accordance with the requirements of D.T.R.3.1.2 Barratt Developments PLC (the "Company") was notified on 27 April 2016 that the following Executive Directors of the Company have each been granted options over a combined total of 6,846 ordinary shares of 10 pence each in the Company at an exercise price of £4.82 per share, in Bath, on 27 April 2016.

 

The option has been granted under the HMRC approved Savings-Related Share Option Scheme (the "Scheme"), participation to which was extended to all employees with a minimum of one month's service with the Company on similar terms for a period of three or five years. The option is exercisable during the period 1 July 2019 to 31 December 2019 for those participating in the three-year scheme and during 1 July 2021 to 31 December 2021 for those participating in the five-year scheme.

 

Director

Term of Scheme

Number of shares over which option granted

 

% of issued share capital as at the date of this announcement

David Thomas

5 years

3,112

0.0003%

Neil Cooper

3 years

      3,734

0.0004%

 

Following the above grant, the Company confirms that, at the date of this announcement, each of the Executive Directors holds an option/award over the following total number of Ordinary Shares of 10 pence each in the Company:

 

Director

Number of shares over which options and awards held

 

% of issued share capital as at the date of this announcement

 

 

 

 

David Thomas

1,106,164

0.1104%

Steven Boyes

838,272

0.0836%

Neil Cooper

248,054

0.0247%

 

The Company confirms that, at the date of this announcement, each of the Directors of the Company, and their connected persons, hold the following total number of ordinary shares of 10 pence each in the Company:

 

Director/PDMR

Role

Number of

Shares Held

Percentage of Issued Share Capital

 

 

 

 

John Allan

Chairman

3,102

0.0003%

David Thomas

Chief Executive Officer

1,276,328

0.1273%

Steven Boyes

Deputy Chief Executive

827,498

0.0826%

Mark Rolfe

Senior Independent Director

74,291

0.0074%

Richard Akers

Non-Executive Director

40,000

0.0040%

Tessa Bamford

Non-Executive Director

33,661

0.0034%

Nina Bibby

Non-Executive Director

8,500

0.0008%

 

This notification is made in accordance with the requirements of D.T.R. 3.1.4.

 

For further information please contact:

 

Tina Bains

Group Company Secretary

+44 (0) 1530 278 278

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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