Burberry Group PLC Director/PDMR Shareholding (6474G)
July 27 2021 - 9:44AM
UK Regulatory
TIDMBRBY
RNS Number : 6474G
Burberry Group PLC
27 July 2021
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 2021 (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
2088.33 pence being the average share price for the period 22 July
2021 to 26 July 2021 (the three business days prior to the Grant
Date).
1. Executive Director and PDMR:
Number of Shares
Julie Brown Chief Operating and Financial Officer 52,111
------------- --------------------------------------- -----------------
The conditional share award will vest in three equal tranches
after three, four and five years following the date of the award,
subject to a holding period to the fifth anniversary of the
award.
The award 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 each vesting date. If
the Company does not meet one or more of the performance underpins
over the relevant 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 2020/21 Directors' Remuneration Report.
2. PDMR
Number of Shares
Gianluca Flore President of Americas & Global Retail Excellence 19,154
---------------- -------------------------------------------------- -----------------
The conditional share award granted to the PDMR will vest in
full on 27 July 2024, subject to his continued employment.
27 July 2021
The following disclosures are made in accordance with Article 19
of the EU Market Abuse Regulation 596/2014.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Julie Brown
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Chief Operating and Financial Officer
-------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------------
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 Ordinary shares of 0.05 pence each
the financial
instrument, type
of instrument GB0031743007
Identification
code
--------------------------- --------------------------------------------
b) Nature of the Grant of a conditional share award under
transaction the Burberry Group plc Burberry Share
Plan 2020
--------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP20.8833 52,111
----------
--------------------------- --------------------------------------------
d) Aggregated information Aggregate Aggregate Aggregate
Price Volume Total
- Aggregated volume GBP20.8833 52,111 GBP1,088,249.65
---------- ----------------
- Price
--------------------------- --------------------------------------------
e) Date of the transaction 2021-07-27
--------------------------- --------------------------------------------
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 President of Americas & Global Retail
Excellence
------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- --------------------------------------------
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 Ordinary shares of 0.05 pence each
the financial
instrument, type
of instrument GB0031743007
Identification
code
--------------------------- ------------------------------------------
b) Nature of the Grant of a conditional share award under
transaction the Burberry Group plc Burberry Share
Plan 2020
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP20.8833 19,154
----------
--------------------------- ------------------------------------------
d) Aggregated information Aggregate Aggregate Aggregate
Price Volume Total
- Aggregated volume GBP20.8833 19,154 GBP399,998.73
---------- --------------
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 2021-07-27
--------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ------------------------------------------
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END
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