REG - Barratt Redrow PLC - Director/PDMR Shareholding
17/10/2024 12:30
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RNS Number : 6356I Barratt Redrow PLC 17 October 2024
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:
Vesting of Awards under the Barratt Developments PLC Long Term Performance
Plan (the 'LTPP')
In October 2021, both David Thomas (Chief Executive) and Steven Boyes (Chief
Operating Officer and Deputy Chief Executive) were granted awards under the
LTPP. In February 2022, Mike Scott (Chief Financial Officer was also granted
an award under the LTPP. The performance period for each of these awards ended
on 30 June 2024, and on 14 October 2024 15% 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 £4.5607 per share Number of shares retained
David Thomas 224,370 33,655 190,715 15,842 17,813
Steven Boyes 180,987 27,148 153,839 12,779 14,369
Mike Scott 117,716 17,657 100,059 8,312 9,345
The retained shares are subject to a two-year holding period commencing on 1
July 2024.
Following the above transactions, the Company confirms that at the date of
this announcement, each of the Executive Directors of the Company, and their
persons closely associated, 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 1,214,592
Steven Boyes Chief Operating Officer & Deputy Chief Executive 983,014
Mike Scott Chief Financial Officer 692,223
Matthew Pratt Redrow Chief Executive & Executive Director 287,805
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 total number of ordinary shares of 10 pence each in the Company:
Director/PDMR Role Number of Shares
Caroline Silver Chair 10,000
David Thomas Chief Executive 1,372,239
Steven Boyes Chief Operating Officer & Deputy Chief Executive 764,444
Mike Scott Chief Financial Officer 79,177
Katie Bickerstaffe Non-Executive Director 8,489
Jock Lennox Non-Executive Director 10,000
Jasi Halai Non-Executive Director 12,581
Nigel Webb Non-Executive Director 12,660
Matthew Pratt Redrow Chief Executive & Executive Director 637,780
Nicky Dulieu Non-Executive Director 9,360
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 Ordinary Shares of 10 pence
Identification code
ISIN: GB0000811801
b) Nature of the transaction Vesting of Shares under the Barratt Developments Long Term Performance Plan
c) Price(s) and volume(s) 33,655 shares under the Barratt Developments Long Term Performance Plan at no
cost
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
e) Date of the transaction 14 October 2024
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 Ordinary Shares of 10 pence
Identification code
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) 15,842 shares sold at £4.5607 per share
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
e) Date of the transaction 14 October 2024
f) Place of the transaction XLON
Notification of Dealing Form - 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 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 Ordinary Shares of 10 pence
Identification code
ISIN: GB0000811801
b) Nature of the transaction Vesting of Shares under the Barratt Developments Long Term Performance Plan
c) Price(s) and volume(s) 27,148 shares under the Barratt Developments Long Term Performance Plan at no
cost
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
e) Date of the transaction 14 October 2024
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 Ordinary Shares of 10 pence
Identification code
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) 12,779 shares sold at £4.5607 per share
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
e) Date of the transaction 14 October 2024
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 Ordinary Shares of 10 pence
Identification code
ISIN: GB0000811801
b) Nature of the transaction Vesting of Shares under the Barratt Developments Long Term Performance Plan
c) Price(s) and volume(s) 17,657 shares under the Barratt Developments Long Term Performance Plan at no
cost
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
e) Date of the transaction 14 October 2024
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 Ordinary Shares of 10 pence
Identification code
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) 8,312 shares sold at £4.5607 per share
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
e) Date of the transaction 14 October 2024
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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