BARRATT DEVELOPMENTS PLC
(the 'Company')
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
On 14 February 2022 Mike Scott, Chief Financial Officer, was granted a conditional award of shares ('Replacement Award') to compensate him for the value of the awards forfeited by him on leaving his previous employment to join the Company. The Company announces that on 12 December 2022, 22,559 of his Replacement Award shares vested. 10,619 shares were sold at £4.049 per share to cover the tax and NI due on release. The remaining shares were transferred into Mike's name.
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 & Deputy Chief Executive |
768,634 |
|
Mike Scott |
Chief Financial Officer |
378,907 |
In addition, the Company confirms that, at the date of this announcement, 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 |
94,235 |
|
David Thomas |
Chief Executive |
1,297,576 |
|
Steven Boyes |
Chief Operating Officer & Deputy Chief Executive |
700,739 |
|
Mike Scott |
Chief Financial Officer |
52,050 |
|
Katie Bickerstaffe |
Non-Executive Director |
7,508 |
|
Jock Lennox |
Non-Executive Director |
10,000 |
|
Sharon White |
Non-Executive Director |
363 |
Notification of Dealing Form for 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 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 10p
ISIN: GB0000811801
|
|
|
b)
|
Nature of the transaction
|
Vesting of a conditional award under a recruitment award agreement prepared in accordance with LR 9.4.2 (2), the terms of which are summarised in the 2021 Annual Report. |
|
|
c)
|
Price(s) and volume(s)
|
22,559 shares at no cost |
|
|
d) |
Aggregated information
- Aggregated volume
- Price |
N/A - Single Transaction |
|
|
e) |
Date of the transaction
|
12 December 2022 |
|
|
f) |
Place of 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) |
10,619 shares sold at £4.049 per share |
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - Single Transaction
|
|
|
e) |
Date of the transaction |
12 December 2022 |
|
|
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 01530 278278
Date of Notification: 12 December 2022
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