1st May 2015 15:20
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 29 April 2015 that the following Executive Directors/PDMR of the Company have each been granted options over a combined total of 4,026 ordinary shares of 10 pence each in the Company at an exercise price of £4.47 per share, in London, on 29 April 2015.
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 2018 to 31 December 2018 for those participating for a three-year term and during 1 July 2020 to 31 December 2020 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 |
Steven Boyes | 3 years | 2,013 | 0.0% |
Tom Keevil | 3 years | 2,013 | 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
| % of issued share capital as at the date of this announcement
|
Mark Clare | 2,002,121 | 0.20% |
David Thomas | 1,514,673 | 0.15% |
Steven Boyes | 1,296,206 | 0.13% |
Tom Keevil | 523,328 | 0.05% |
The Company confirms that as at the date of this announcement each of the Directors/PDMRs of the Company, and their connected persons, hold the following total number of shares of 10 pence each in the Company:
Director/PDMR | Role | Number of Shares Held | Percentage of Issued Share Capital |
John Allan | Chairman | 3,102 | 0.0003% |
Mark Clare | Group Chief Executive | 303,903 | 0.0306% |
David Thomas | Group Finance Director | 931,577 | 0.0939% |
Steven Boyes | Chief Operating Officer | 478,275 | 0.0482% |
Mark Rolfe | Senior Independent Director | 71,251 | 0.0072% |
Richard Akers | Non-Executive Director | 40,000 | 0.0040% |
Tessa Bamford | Non-Executive Director | 32,284 | 0.0033% |
Nina Bibby | Non-Executive Director | 8,500 | 0.0009% |
Tom Keevil | Group General Counsel and Company Secretary | - | 0.0000% |
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