Last checked at 8 Apr 2020 08:59
BARRATT DEVELOPMENTS PLC
(the 'Company')
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Grant of options under the Barratt Developments Savings-Related Share Option Scheme (the 'SAYE')
The Company announces that on 7 April 2020, Steven Boyes was granted an option over 1,973 ordinary shares of 10 pence each in the Company under the HMRC approved SAYE. The Option may be exercised during the period 1 July 2023 to 31 December 2023 at an exercise price of £4.56 per share.
An invitation to participate in the SAYE was extended to all employees with a minimum of one month's service with the Company on the same 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 | 899,383 |
Steven Boyes | Chief Operating Officer and Deputy Chief Executive | 725,283 |
Jessica White | Chief Financial Officer | 484,352 |
The Company confirms that, at the date of this announcement, each of the Directors of the Company, and their persons closely associated, hold the following total number of ordinary shares of 10 pence each in the Company:
Director/PDMR | Role | Number of shares |
John Allan | Chairman | 76,705 |
David Thomas | Chief Executive | 1,000,766 |
Steven Boyes | Chief Operating Officer and Deputy Chief Executive | 457,890 |
Jessica White | Chief Financial Officer | 67,825 |
Richard Akers | Non-Executive Director | 60,000 |
Nina Bibby | Non-Executive Director | 8,500 |
Jock Lennox | Non-Executive Director | 10,000 |
Notification of Dealing Form for Mr 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 10p
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 1,973 shares at an exercise price of £4.56 per share
|
d) | Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
e) | Date of the transaction | 7 April 2020 |
f) | Place of 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 278278