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RNS Number : 6898D
Barratt Developments PLC
28 April 2017
 

28 April 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 options under the Barratt Developments Savings-Related Share Option Scheme (the 'SAYE')

The Company announces that on 27 April 2017, Steven Boyes was granted an option over 1,939 ordinary shares of 10 pence each in the Company under the HMRC approved SAYE. The Option may be exercised during the period 1 July 2020 to 31 December 2020 at an exercise price of £4.64 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 Director

Role

Total number of shares under option and/or award

David Thomas

Chief Executive

1,121,319

Steven Boyes

Chief Operating Officer and Deputy Chief Executive

785,394

 

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

 

Director/PDMR

Role

Number of shares

John Allan

Chairman

34,205

David Thomas

Chief Executive

1,459,096

Steven Boyes

Chief Operating Officer and Deputy Chief Executive

1,005,868

Richard Akers

Non-Executive Director

50,000

Tessa Bamford

Non-Executive Director

35,706

Nina Bibby

Non-Executive Director

8,500

Jock Lennox

Non-Executive Director

10,000

 

The Notification of Dealing Forms for each of the above transactions by the Executive Director/PDMR can be found below.

Notification of Dealing - 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

 

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 Option under the Barratt Developments Savings-Related Share Option Scheme

 

c)

 

Price(s) and volume(s)

 

 

Option awarded over 1,939 shares at an exercise price of £4.64 per share

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - Single Transaction

 

e)

 

Date of the transaction

 

27 April 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
 
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