Burberry Group PLC Director/PDMR Shareholding (4791H)
July 27 2023 - 1:13PM
UK Regulatory
TIDMBRBY
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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Jonathan Akeroyd
-------------------------- ---------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Burberry Group plc
-------------------------- ---------------------------------------------
b) LEI 213800PE1KEFCNFR1R50
-------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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)
GBP 21.8217 84,780
----------
--------------------------- --------------------------------------------
d) Aggregated information Aggregate Aggregate Aggregate
Price Volume Total
- Aggregated volume GBP21.8217 84,780 GBP1,850,043.73
---------- ----------------
- Price
--------------------------- --------------------------------------------
e) Date of the transaction 2023-07-27
--------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Kate Ferry
-------------------------- ---------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Burberry Group plc
-------------------------- ---------------------------------------------
b) LEI 213800PE1KEFCNFR1R50
-------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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)
GBP21.8217 46,398
----------
--------------------------- --------------------------------------------
d) Aggregated information Aggregate Aggregate Aggregate
Price Volume Total
- Aggregated volume GBP21.8217 46,398 GBP1,012,483.24
---------- ----------------
- Price
--------------------------- --------------------------------------------
e) Date of the transaction 2023-07-27
--------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Gianluca Flore
------------------------- --------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------
a) Position/status Chief Commercial Officer
------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Burberry Group plc
------------------------- --------------------------------------------
b) LEI 213800PE1KEFCNFR1R50
------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated
4 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)
GBP21.8217 24,306
----------
--------------------------- ------------------------------------------
d) Aggregated information Aggregate Aggregate Aggregate
Price Volume Total
- Aggregated volume GBP21.8217 24,306 GBP530,398.24
---------- --------------
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 2023-07-27
--------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ------------------------------------------
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END
DSHFLFLDDLIDFIV
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