1st May 2014 09:52
Barratt Developments PLC
Grant of options under the Barratt Developments Savings-Related Share Option Scheme
In accordance with the requirements of D.T.R.3.1.2 Barratt Developments PLC (the "Company") was notified on 30 April 2014 that the following Executive Directors/PDMR of the Company have been granted options over a combined total of 9,453 ordinary shares of 10 pence each in the Company at an exercise price of £3.49 per share, in London, on 30 April 2014.
The option has been granted under the HMRC approved Savings-Related Share Option Scheme (the "Scheme"), participation to which was extended to all employees with a minimum of six months service with the Company on similar terms for a period of three or five years. The option is exercisable during the period 1 July 2017 to 31 December 2017 for those participating for a three-year term and during 1 July 2019 to 31 December 2019 for those participating for a five-year term.
Director | Term of Scheme | Number of shares over which option granted (% of issued share capital as at the date of this announcement) |
David Thomas | 5 years | 4,297 (0.0%) |
Steven Boyes | 3 years | 2,578 (0.0%) |
Tom Keevil | 3 years | 2,578 (0.0%) |
Following the above grant, the Company confirms that at the date of this announcement, each of the Executive Directors/PDMRs holds an option/award over the following total number of Ordinary Shares of 10 pence each in the Company:
Director | Number of shares over which options and awards held (percentage of issued share capital as at the date of this announcement)
|
Mark Clare | 3,032,312 (0.308%) |
David Thomas | 1,946,694 (0.198%) |
Steven Boyes | 1,883,009 (0.191%) |
Tom Keevil | 936,252 (0.095%) |
This notification is made in accordance with the requirements of D.T.R. 3.1.4.
For further information please contact:
Tom Keevil Group General Counsel and Company Secretary | +44 (0) 1530 278 278 |
Related Shares:
Barratt Developments