6th Feb 2007 17:55
Barratt Developments PLC06 February 2007 BARRATT DEVELOPMENTS PLC : DISPOSAL OF SHARES FROM EMPLOYEE BENEFIT TRUST Barratt Developments PLC announce the disposal of shares held in the BarrattDevelopments Employee Benefit Trust of which the following directors arepotential beneficiaries: Mr M S ClareMr S J BoyesMr C FentonMr M A Pain Barratt Developments PLC were informed on the 6th February 2007 that on the 6thFebruary 2007 Mourant & Co. Trustees Limited, as trustee of Barratt DevelopmentsEmployee Benefit Trust ("the trust"), disposed of 1,500 Ordinary Shares in theCompany at a price of 1295p per share in satisfaction of options made underBarratt Developments Employee Share Option Plan. The Trust is a discretionary trust of which all employees, including executivedirectors, of the Company and its subsidiaries are potential beneficiaries.Each of the executive directors of the Company is, therefore, interested in theshares held in the Trust from time to time in the same way as other employees ofthe Group and ceases to be so interested when the Trust disposes of shares. This notification is being given pursuant to Section 329 of the Companies Act1985 (as amended). Any queries should be directed to: Contact Name: Mr Laurence Dent (Company Secretary) Contact Telephone: 0191 227 2000 Notification Date: 6th February 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Barratt Developments