Director/PDMR Shareholding Released : 26.10.2016 12:48:00 RNS Number : 5343N Barratt Developments PLC 26 October 2016 26 October 2016 Barratt Developments PLC (the 'Company') Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') and persons closely associated ('PCAs') with them Vesting of Awards under the Barratt Developments PLC Co investment Plan (the 'Co invest') and the Long Term Performance Plan (the 'LTPP') In October 2013, David Thomas and Steven Boyes were granted awards under the Co invest (in respect of the bonus earned in excess of 100% of salary for the financial year ending 30 June 2013) and the LTPP. The Co invest vested on 19 October 2016 and the LTPP on 23 October 2016, however no shares could be released until such time as each of the participants had entered into arrangements to settle any tax and NI due on release. Vesting of an Option Chief Financial Officer Neil Cooper was granted an option at a price of 10 pence per share on 21 December 2015. This award also vested on 23 October 2016 and Neil chose to exercise his option on 24 October 2016, choosing to settle any subscription cost and tax and NI due on release through the sale of shares and to retain the balance. The aggregate number of ordinary shares of 10 pence each in the Company acquired by David Thomas, Steven Boyes and Neil Cooper on 25 October 2016 following the above vestings and the settlement of tax and national insurance is 380,405 each. Grant of Awards under the Barratt Developments PLC Deferred Bonus Plan (the 'DBP') Further to the disclosure in the Company's 2016 Annual Report and Accounts in respect of the deferral into shares of any bonus earned in excess of 100% of base salary for the financial year ended 30 June 2016, the Company announces that it has granted awards (the 'DBP Awards') to its Executive Directors in accordance with the provisions of the DBP as approved by shareholders at the 2015 AGM as follows: Executive Director Role Amount of bonus deferred ( ) Number of shares under award http://otp.investis.com/clients/uk/barratt/rns/regulatory story.aspx?cid=1055&newsid=812344 1/8
David Thomas Chief Executive 311,711 64,182 Steven Boyes Chief Operating Officer & Deputy Chief 246,694 50,795 Executive Neil Cooper Chief Financial Officer 122,118 25,144 The number of shares awarded was calculated at a share price of 4.8566 per share, being the average of the closing middle market quotations, as derived from the daily official list of the Stock Exchange, for the first five dealing days following the date of the final results announcement of the Company for the financial year ended 30 June 2016. Due to being restricted from dealing in Barratt securities, the Executive Directors could not be granted the DBP Awards on the same date as those employees who were not so restricted. Accordingly, the Remuneration Committee has exercised the discretion available to it under the rules of the DBP, to deem the grant date of the DBP Awards to the Executive Directors to be 17 October 2016, being the date on which they would have received the DBP Awards had they not been restricted. The DBP Awards will therefore be subject to a continued employment condition for a period of three years, commencing 17 October 2016. At the end of the three years, the shares will be released to the participants, subject to the payment of any tax and national insurance liability due on the shares at that time. No matching shares have been granted against the DBP Awards. Following the above transactions, 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 each in the Company: Executive Director Role Total number of shares under option and/or award David Thomas Chief Executive 828,949 Steven Boyes Chief Operating Officer & Deputy Chief Executive 552,068 Neil Cooper Chief Financial Officer 227,493 The Company also confirms that, at the date of this announcement, each of the PDMRs of the Company, and their PCAs, hold the following total number of ordinary shares of 10 pence each in the Company: Director/PDMR Role Number of shares John Allan Chairman 23,102 David Thomas Chief Executive 1,459,096 Steven Boyes Chief Operating Officer and Deputy 1,005,868 Chief Executive Neil Cooper Chief Financial Officer 23,665 Mark Rolfe Senior Independent Director 75,062 Richard Akers Non Executive Director 50,000 Tessa Bamford Non Executive Director 34,010 Nina Bibby Non Executive Director 8,500 The Notification of Dealing Forms for each of the above transactions by the Executive Directors/PDMRs can be found below. Notification of Dealing David Thomas 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 http://otp.investis.com/clients/uk/barratt/rns/regulatory story.aspx?cid=1055&newsid=812344 2/8
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 b) Nature of the transaction Vesting of Shares under the Barratt Developments Co investment Plan and the Barratt Developments Long Term Performance Plan c) Price(s) and volume(s) 65,769 shares under the Barratt Developments Co investment Plan for no cost 271,230 shares under the Barratt Developments Long Term Performance Plan for no cost 336,999 shares Nil cost 4.2 Details of the transaction(s): section to be repeated for (i) each type of 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) 158,629 shares sold at 471.21 pence per share e) Date of the transaction 25 October 2016 http://otp.investis.com/clients/uk/barratt/rns/regulatory story.aspx?cid=1055&newsid=812344 3/8
4.3 Details of the transaction(s): section to be repeated for (i) each type of b) Nature of the transaction Grant of a Conditional Award under the Barratt Developments Deferred Bonus Plan c) Price(s) and volume(s) 64,182 shares awarded at no cost and deferred for three years. Notification of Dealing Form 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 4.1 Details of the transaction(s): section to be repeated for (i) each type of b) Nature of the transaction Vesting of Shares under the Barratt Developments Co investment Plan and the Barratt Developments Long Term Performance Plan c) Price(s) and volume(s) 65,769 shares under the Barratt Developments Co investment Plan for no cost http://otp.investis.com/clients/uk/barratt/rns/regulatory story.aspx?cid=1055&newsid=812344 4/8
271,230 shares under the Barratt Developments Long Term Performance Plan for no cost 336,999 shares Nil cost 4.2 Details of the transaction(s): section to be repeated for (i) each type of 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) 158,629 shares sold at 471.21 pence per share e) Date of the transaction 25 October 2016 4.3 Details of the transaction(s): section to be repeated for (i) each type of b) Nature of the transaction Grant of a Conditional award under the Barratt Developments Deferred Bonus Plan c) Price(s) and volume(s) 50,795 shares awarded at no cost and deferred for three years. http://otp.investis.com/clients/uk/barratt/rns/regulatory story.aspx?cid=1055&newsid=812344 5/8
4.4 Details of the transaction(s): section to be repeated for (i) each type of b) Nature of the transaction Transfer of shares to PCA c) Price(s) and volume(s) 178,370 at nil cost e) Date of the transaction 26 October 2016 Notification of Dealing Form PCA of Steven Boyes 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Andrea Boyes 2 Reason for the notification a) Position/status PCA of PDMR Steven Boyes 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 b) Nature of the transaction Transfer of shares from PDMR c) Price(s) and volume(s) 178,370 shares at nil cost. http://otp.investis.com/clients/uk/barratt/rns/regulatory story.aspx?cid=1055&newsid=812344 6/8
e) Date of the transaction 26 October 2016 Notification of Dealing Form Mr Neil Cooper 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Neil Cooper 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 b) Nature of the transaction Exercise of option under the Chief Financial Officer's Scheme granted by Barratt Developments PLC on 21 December 2015. c) Price(s) and volume(s) 45,705 shares bought at an exercise price of 10 pence per share. N/A Single Tansaction 4.2 Details of the transaction(s): section to be repeated for (i) each type of b) Nature of the transaction Sale of shares to cover option cost and tax and NI liability on the exercise of option outlined in 4.1 http://otp.investis.com/clients/uk/barratt/rns/regulatory story.aspx?cid=1055&newsid=812344 7/8
c) Price(s) and volume(s) 22,040 shares sold at 471.21 pence per share. N/A single transaction e) Date of the transaction 25 October 2016 4.3 Details of the transaction(s): section to be repeated for (i) each type ; (ii) each type of transaction; (iii) each date; and (iv) each b) Nature of the transaction Grant of a Conditional award under the Barratt Developments Deferred Bonus Plan c) Price(s) and volume(s) 25,144 shares awarded at no cost and deferred for three years. This notification is made in accordance with the requirements of the Market Abuse Regulation. For further information please contact: Tina Bains Company Secretary 01530 278278 This information is provided by RNS The company news service from the London Stock Exchange END DSHBBBDGRSDBGLL http://otp.investis.com/clients/uk/barratt/rns/regulatory story.aspx?cid=1055&newsid=812344 8/8