Grant of a conditional award under the Barratt Redrow plc Performance Share Plan 2023
Barratt Redrow PLC
06 October 2026
BARRATT REDROW PLC
Notification and public disclosure of a transaction by a person discharging managerial responsibilities
This notification is madein accordance withthe requirements of the UK Market Abuse Regulation.
Following Dean Banks’ appointment as Chief Executive Officer of Barratt Redrow plc (the “Company”), the Company announces that, on 5 October 2026, it granted him a conditional award over 820,995 ordinary shares of 10 pence each in the Company (the “Recruitment Award”). The Recruitment Award replaces awards forfeited by Dean Banks on leaving his previous employer and has a value of £2.526m.
The Recruitment Award has been granted under the Barratt Redrow plc Performance Share Plan 2023 (the “Plan”) in five tranches, with the vesting dates aligned with those of the forfeited awards. Details of the Recruitment Award are set out below:
|
|
No. of shares |
Vesting Date |
|
Tranche 1 |
506,200 |
1 April 2027 |
|
Tranche 2 |
172,252 |
1 April 2028 |
|
Tranche 3 |
97,480 |
1 April 2029 |
|
Tranche 4 |
31,625 |
1 April 2030 |
|
Tranche 5 |
13,438 |
1 April 2031 |
The price used to calculate the number of shares over which the Recruitment Award was granted is 307.68p, being the average of the closing prices, as derived from the London Stock Exchange's Daily Official List, for each of the dealing days in the period of three months ending with the day before the award date (excluding any dealing days that fall within any period when dealing restrictions apply).
The Recruitment Award is subject to continued employment. Dividend equivalents will accrue on the Recruitment Award from the date of grant until the relevant vesting date. The Recruitment Award is subject to the malus and clawback provisions contained in the Plan.
Notification of Dealing Form – Dean Banks
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
|
a) |
Name |
Dean Banks |
|
2 |
Reason for the notification |
|
|
a) |
Position/status |
Chief Executive Officer |
|
b) |
Initial notification / Amendment |
Initial notification |
|
3 |
Details of the issuer |
|
|
a) |
Name |
Barratt Redrow plc |
|
b) |
LEI |
2138006R85VEOF5YNK29 |
|
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 and identification code |
Ordinary shares of 10 pence each; ISIN: GB0000811801 |
|
b) |
Nature of the transaction |
Grant of a conditional award under the Barratt Redrow plc Performance Share Plan 2023 |
|
c) |
Price(s) and volume(s) |
820,995 shares awarded at no cost |
|
d) |
Aggregated information |
N/A – Single transaction |
|
e) |
Date of the transaction |
5 October 2026 |
|
f) |
Place of transaction |
Outside a trading venue |
For further information, please contact:
Kathryn Hudson, Company Secretary+44 (0) 1530 278278
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