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24 Jul 2024 09:04
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 Awards under the Barratt Developments PLC Employee Long-Term Incentive Plan (the 'ELTIP')
The Company announces that, on 22 July 2024, a person closely associated (PCA) with Steven Boyes, Chief Operating Officer & Deputy Chief Executive of the Company, was granted an award under the ELTIP. Details of the award are set out below.
| Role | Number of shares under award |
PCA with Steven Boyes | Chief Operating Officer & Deputy Chief Executive | 150 |
The award is subject to a continued employment condition meaning that, to receive the award, the PCA with Steven Boyes must remain employed by the Company for a minimum of two years commencing on 1 July 2024.
The number of shares over which the award was granted was calculated based on a price of £4.968 per share, 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 five days ending with the day before the Grant Date.
Following the above transaction, the Company confirms that at the date of this announcement, each of the Executive Directors of the Company and their PCAs hold 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 | 1,071,607 |
Steven Boyes | Chief Operating Officer & Deputy Chief Executive | 866,881 |
Mike Scott | Chief Financial Officer | 551,789 |
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
| Charles Boyes
|
2 | Reason for the notification
| |
a)
| Position/status
| Person Closely Associated with the Chief Operating Officer & 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 Employee Long-Term Incentive Plan
|
c)
| Price(s) and volume(s)
| 150 shares awarded at no cost
|
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
e)
| Date of the transaction
| 22 July 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 07702 676380
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