Barratt Developments PLC Director/PDMR Shareholding
July 24 2024 - 4:04AM
RNS Regulatory News
RNS Number : 6417X
Barratt Developments PLC
24 July 2024
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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END
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