REG - Barratt Redrow PLC - Director/PDMR Shareholding
16/10/2025 09:45
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RNS Number : 6700D Barratt Redrow PLC 16 October 2025
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:
Grant of Awards under the Barratt Redrow plc Performance Share Plan (the
'LTPP')
The Company announces that it has granted the following awards on 14 October
2025 to each of the Executive Directors of the Company under the LTPP:
Details of the award are set out below.
Role Number of shares under award
David Thomas Chief Executive 466,539
Mike Scott Chief Financial Officer 287,102
The number of shares over which the award was granted was calculated based on
a share price of £3.80 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 three months ending with the day before the
Grant Date (excluding any dealing days that fall within any period when
dealing restrictions apply).
The awards are subject to the attainment of performance targets based on TSR
(30%), Adjusted EPS (15%), ROCE (40%) and Greenhouse Gas Emissions Reduction
(15%), measured over a three-year performance period commencing 30 June 2025.
The awards are also subject to a two-year holding period commencing from 14
October 2028, being the expected vesting date of these awards. No shares will
be released to the Executive Directors until such time as any tax and national
insurance contributions due on release of the shares has been settled. These
shares will accrue a dividend equivalent between the date of grant and the
date on which the awards are released.
Vesting of Awards under the Barratt Developments PLC Long Term Performance
Plan
In October 2022, both David Thomas (Chief Executive) and Mike Scott (Chief
Financial Officer) were granted awards under the Barratt Developments PLC Long
Term Performance Plan. The performance period for each of these awards ended
on 29 June 2025, and on 13 October 2025 24.9% 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 £3.822629 per share Number of shares retained
David Thomas 307,746 76,628 231,118 36,070 40,558
Mike Scott 189,382 47,156 142,226 22,198 24,958
The retained shares are subject to a two-year holding period commencing on 1
July 2025.
Vesting of Awards under the Barratt Redrow plc Deferred Bonus Plan (the 'DBP')
In 2022, David Thomas was granted awards over 88,632 shares under the DBP in
respect of his bonus earned in excess of 100% of salary for the financial year
ended 30 June 2022. The award vested on 13 October 2025 and David Thomas sold
41,721 at £3.822629 per share to cover the tax and NI due on release. The net
46,911 shares were transferred to David Thomas.
Following the above transactions, the Company confirms that at the date of
this announcement, each of the Executive Directors of the Company 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 1,371,230
Mike Scott Chief Financial Officer 850,318
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 number of ordinary shares of 10 pence each in the Company:
Director/PDMR Role Number of Shares
Caroline Silver Chair 23,000
David Thomas Chief Executive 1,459,708
Mike Scott Chief Financial Officer 127,160
Katie Bickerstaffe Non-Executive Director 15,559
Jock Lennox Non-Executive Director 10,000
Jasi Halai Non-Executive Director 12,581
Nigel Webb Non-Executive Director 12,660
Nicky Dulieu Non-Executive Director 9,360
Geeta Nanda Non-Executive Director 1,605
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 Grant of a Conditional Award under the Barratt Redrow plc Performance Share
Plan
c) Price(s) and volume(s) 466,539 shares awarded at no cost
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
e) Date of the transaction 14 October 2025
f) Place of the transaction Outside a trading venue
Notification of Dealing Form
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 Grant of a Conditional Award under the Barratt Redrow plc Performance Share
Plan
c) Price(s) and volume(s) 287,102 shares awarded at no cost
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
e) Date of the transaction 14 October 2025
f) Place of the transaction Outside a trading venue
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 PLC Long Term Performance
Plan
c) Price(s) and volume(s) 76,628 shares at no cost
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
e) Date of the transaction 13 October 2025
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) 36,070 shares sold at £3.822629 per share
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
e) Date of the transaction 14 October 2025
f) Place of the transaction XLON
4 .3 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 Redrow plc Deferred Bonus Plan
c) Price(s) and volume(s) 88,632 shares at no cost
d) Aggregated information
- Aggregated volume N/A - Single transaction
- Price
e) Date of the transaction 13 October 2025
f) Place of transaction Outside a trading venue
4 .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 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 4.3.
c) Price(s) and volume(s)
41,721 shares sold at £3.822629 per share
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
e) Date of the transaction 14 October 2025
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 PLC Long Term Performance
Plan
c) Price(s) and volume(s) 47,156 shares at no cost
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
e) Date of the transaction 13 October 2025
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) 22,198 shares sold at £3.822629 per share
d) Aggregated information
- Aggregated volume N/A - Single Transaction
- Price
e) Date of the transaction 14 October 2025
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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