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16 Oct 2025 09:32
BARRATT REDROW 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 that the following share transactions have been undertaken by the Executive Directors named below:
Grant of Awards under the Barratt Redrow plc Performance Share Plan (the 'LTPP')
The Company announces that it has granted the following awards on 14 October 2025 to each of the Executive Directors of the Company under the LTPP:
Details of the award are set out below.
| Role | Number of shares under award |
David Thomas | Chief Executive | 466,539 |
Mike Scott | Chief Financial Officer | 287,102 |
The number of shares over which the award was granted was calculated based on a share price of £3.80 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 three months ending with the day before the Grant Date (excluding any dealing days that fall within any period when dealing restrictions apply).
The awards are subject to the attainment of performance targets based on TSR (30%), Adjusted EPS (15%), ROCE (40%) and Greenhouse Gas Emissions Reduction (15%), measured over a three-year performance period commencing 30 June 2025.
The awards are also subject to a two-year holding period commencing from 14 October 2028, being the expected vesting date of these awards. No shares will be released to the Executive Directors until such time as any tax and national insurance contributions due on release of the shares has been settled. These shares will accrue a dividend equivalent between the date of grant and the date on which the awards are released.
Vesting of Awards under the Barratt Developments PLC Long Term Performance Plan
In October 2022, both David Thomas (Chief Executive) and Mike Scott (Chief Financial Officer) were granted awards under the Barratt Developments PLC Long Term Performance Plan. The performance period for each of these awards ended on 29 June 2025, and on 13 October 2025 24.9% of the awards vested. Details of the awards granted, the number of shares vesting, those sold to cover the tax and national insurance due on release and those retained are set out in the table below:
Executive Director | Number of shares granted under the award | Number of shares vesting | Number of shares lapsed | Number of shares sold at £3.822629 per share | Number of shares retained |
David Thomas | 307,746 | 76,628 | 231,118 | 36,070 | 40,558 |
Mike Scott | 189,382 | 47,156 | 142,226 | 22,198 | 24,958 |
The retained shares are subject to a two-year holding period commencing on 1 July 2025.
Vesting of Awards under the Barratt Redrow plc Deferred Bonus Plan (the 'DBP')
In 2022, David Thomas was granted awards over 88,632 shares under the DBP in respect of his bonus earned in excess of 100% of salary for the financial year ended 30 June 2022. The award vested on 13 October 2025 and David Thomas sold 41,721 at £3.822629 per share to cover the tax and NI due on release. The net 46,911 shares were transferred to David Thomas.
Following the above transactions, the Company confirms that at the date of this announcement, each of the Executive Directors of the Company hold the following total number of options and awards over Ordinary Shares of 10 pence each in the Company:
| Role | Total number of shares under option and/or award |
David Thomas | Chief Executive | 1,371,230 |
Mike Scott | Chief Financial Officer | 850,318 |
In addition, 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 number of ordinary shares of 10 pence each in the Company:
Director/PDMR | Role | Number of Shares |
Caroline Silver | Chair | 23,000 |
David Thomas | Chief Executive | 1,459,708 |
Mike Scott | Chief Financial Officer | 127,160 |
Katie Bickerstaffe | Non-Executive Director | 15,559 |
Jock Lennox | Non-Executive Director | 10,000 |
Jasi Halai | Non-Executive Director | 12,581 |
Nigel Webb | Non-Executive Director | 12,660 |
Nicky Dulieu | Non-Executive Director | 9,360 |
Geeta Nanda | Non-Executive Director | 1,605 |
The Notification of Dealing Forms for the above transactions are 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 Redrow 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 Redrow plc Performance Share Plan
|
c)
| Price(s) and volume(s)
| 466,539 shares awarded at no cost |
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
e)
| Date of the transaction
| 14 October 2025 |
f)
| Place of the transaction
| Outside a trading venue |
Notification of Dealing Form
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 Redrow 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 Redrow plc Performance Share Plan
|
c)
| Price(s) and volume(s)
| 287,102 shares awarded at no cost |
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
e)
| Date of the transaction
| 14 October 2025 |
f)
| Place of the transaction
| Outside a trading venue |
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 Redrow 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 PLC Long Term Performance Plan
|
c)
| Price(s) and volume(s)
| 76,628 shares at no cost |
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
e)
| Date of the transaction
| 13 October 2025 |
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)
| 36,070 shares sold at £3.822629 per share |
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
e)
| Date of the transaction
| 14 October 2025 |
f)
| Place of the transaction
| XLON |
4 .3
| 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 Redrow plc Deferred Bonus Plan
|
c)
| Price(s) and volume(s)
| 88,632 shares at no cost
|
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - Single transaction
|
e)
| Date of the transaction
| 13 October 2025 |
f)
| Place of transaction | Outside a trading venue |
4 .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
| Sale of shares to cover tax and NI liability on the vesting of awards outlined in 4.3. |
c)
| Price(s) and volume(s)
|
41,721 shares sold at £3.822629 per share |
d)
| Aggregated information
- Aggregated volume
- Price |
N/A - Single Transaction
|
e)
| Date of the transaction
| 14 October 2025 |
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 Redrow 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 PLC Long Term Performance Plan | |
c)
| Price(s) and volume(s)
| 47,156 shares at no cost
| |
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
| |
e)
| Date of the transaction
| 13 October 2025 | |
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)
| 22,198 shares sold at £3.822629 per share
| |
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
| |
e)
| Date of the transaction
| 14 October 2025 | |
f)
| Place of the transaction
| XLON | |
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
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