REG - Burberry Group PLC - Director/PDMR Shareholding

BurberryAnnouncement

27/07/2023 18:15

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RNS Number : 4791H  Burberry Group PLC  27 July 2023

Burberry Group plc (the "Company") - Director/PDMR Shareholdings

 

 

Grant of awards under the Burberry Group plc Burberry Share Plan 2020 ( the
"BSP")

 

The Company announces that conditional share awards over Ordinary Shares of
0.05p each ("Shares") in the Company were granted on 27 July 2023 (the "Grant
Date") to the following Executive Directors and Persons Discharging Managerial
Responsibilities ("PDMRs") in accordance with the rules of the BSP. The
conditional share awards were granted using a share price of 2182.17 pence
being the average share price for the period 24 to 26 July 2023 (the three
business days prior to the Grant Date).

 

1.    Executive Directors and PDMRs:

 

                                            Number of Shares
 Jonathan Akeroyd  Chief Executive Officer  84,780
 Kate Ferry        Chief Financial Officer  46,398

 

The conditional share awards will vest on 27 July 2026, three years following
the Grant Date, but will be subject to a two-year holding period so that the
total time before any sale of shares (except to cover any tax liabilities
arising from the award on vesting) is five years for the entire award.

 

The awards will be subject to continued employment and performance underpins
based on three key areas: Revenue, Group Return on Invested Capital and brand
and sustainability strategies. The performance underpins will be tested at the
vesting date. If the Company does not meet one or more of the performance
underpins over the vesting period then the Remuneration Committee would
consider whether it was appropriate to scale back the level of pay-out under
the award to reflect this.  For further information please consult our FY
2022/23 Directors' Remuneration Report.

 

2.    PDMR

 

                                           Number of Shares
 Gianluca Flore  Chief Commercial Officer  24,306

 

The conditional share award granted to the PDMR will vest in full on 27 July
2026, subject to his continued employment.

 

 

27 July 2023

 

The following disclosures are made in accordance with Article 19 of the EU
Market Abuse Regulation 596/2014 as it forms part of UK law.

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                             Jonathan Akeroyd
 2   Reason for the notification
 a)  Position/status                  Chief Executive Officer
 b)  Initial notification /Amendment  Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                             Burberry Group plc
 b)  LEI                              213800PE1KEFCNFR1R50
 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 0.05 pence each

     Identification code

                                                                      GB0031743007
 b)  Nature of the transaction                                        Grant of a conditional share award under the Burberry Group plc Burberry Share
                                                                      Plan 2020
 c)  Price(s) and volume(s)

Price(s)    Volume(s)
                                                                      £ 21.8217   84,780

 

 d)  Aggregated information

Aggregate Price  Aggregate Volume  Aggregate

     - Aggregated volume                                                                Total

                                                                £21.8217         84,780            £1,850,043.73

     - Price

 e)  Date of the transaction                                           2023-07-27
 f)  Place of the transaction                                         Outside a trading venue

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 Aggregate Price  Aggregate Volume  Aggregate

                                    Total
 £21.8217         84,780            £1,850,043.73

e)

Date of the transaction

 2023-07-27

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                             Kate Ferry
 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                             Burberry Group plc
 b)  LEI                              213800PE1KEFCNFR1R50
 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 0.05 pence each

     Identification code

                                                                      GB0031743007
 b)  Nature of the transaction                                        Grant of a conditional share award under the Burberry Group plc Burberry Share
                                                                      Plan 2020
 c)  Price(s) and volume(s)

Price(s)   Volume(s)
                                                                      £21.8217   46,398

 

 d)  Aggregated information

Aggregate Price  Aggregate Volume  Aggregate

     - Aggregated volume                                                                Total

                                                                £21.8217         46,398            £1,012,483.24

     - Price

 e)  Date of the transaction                                           2023-07-27
 f)  Place of the transaction                                         Outside a trading venue

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 Aggregate Price  Aggregate Volume  Aggregate

                                    Total
 £21.8217         46,398            £1,012,483.24

e)

Date of the transaction

 2023-07-27

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                             Gianluca Flore
 2   Reason for the notification
 a)  Position/status                  Chief Commercial Officer
 b)  Initial notification /Amendment  Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                             Burberry Group plc
 b)  LEI                              213800PE1KEFCNFR1R50
 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 0.05 pence each

     Identification code

                                                                      GB0031743007
 b)  Nature of the transaction                                        Grant of a conditional share award under the Burberry Group plc Burberry Share
                                                                      Plan 2020
 c)  Price(s) and volume(s)

Price(s)   Volume(s)
                                                                      £21.8217   24,306

 

 d)  Aggregated information

Aggregate Price  Aggregate Volume  Aggregate

     - Aggregated volume                                                                Total

                                                                £21.8217         24,306            £530,398.24

     - Price

 e)  Date of the transaction                                          2023-07-27
 f)  Place of the transaction                                         Outside a trading venue

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 Aggregate Price  Aggregate Volume  Aggregate

                                    Total
 £21.8217         24,306            £530,398.24

e)

Date of the transaction

2023-07-27

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

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