Company Announcements

Director/PDMR Shareholding

Source: RNS
RNS Number : 1253W
Barratt Developments PLC
13 April 2023
 

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')

An invitation to participate in the HMRC approved SAYE was recently 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.

The Company announces that on 12 April 2023, Steven Boyes, Chief Operating Officer and Deputy Chief Executive, was granted options over ordinary shares of 10 pence each in the Company under the SAYE as follows:

 

Number of options

Option price

Exercise period

Steven Boyes

2,593

£3.47

1 July 2026 to 31 December 2026

 

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

960,263

Steven Boyes

Chief Operating Officer and Deputy Chief Executive

771,227

Mike Scott

Chief Financial Officer

378,907

 

 

 

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 2,593 shares at an exercise price of £3.47 per share

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

N/A - Single Transaction

 

 

e)

Date of the transaction

12 April 2023

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

Date of Notification:                              13 April 2023

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