REG - Berkeley Grp Hlds - Director/PDMR Shareholding

Berkeley groupAnnouncement

01/10/2020 17:35

RNS Number : 8783A
  
Berkeley Group Holdings (The) PLC
  
01 October 2020
  
 

1 October 2020
The Berkeley Group Holdings plc
(the "Company")
 
Transactions of persons discharging managerial responsibilities
 
Directors' Beneficial Shareholdings
 
On 30 September 2020, options to acquire Shares granted under the 2011 LTIP vested.
The Company was notified on 30 September 2020 that the Directors detailed below had exercised their options to acquire Shares at an option exercise price of £5.39 per Share.  The Company was also notified on 30 September 2020 that The Berkeley Group Holdings plc Employee Benefit Trust (the "EBT") had transferred Shares to those Directors net of the option exercise price and employee's income tax and national insurance contributions as detailed in the below table.  
Vesting of 2011 LTIP
 



Name of Director


Number of Shares received following exercise of Option 


Percentage of Issued Share Capital


Total Beneficial Holding following Notification


Percentage of Issued Share Capital held beneficially following Notification




R C Perrins


a) 91,701


a) 0.07%


a) 723,670 (R C Perrins)
b) 521,086 (Mrs V W Perrins)


a) 0.58%
b) 0.42%


 




R J Stearn


a) 35,120


a) 0.03%


a) 118,247 (R J Stearn)
b) 84,924 (Mrs J P Stearn)


a) 0.09%
b) 0.07%


 




S Ellis


a) 57,185


a) 0.05%


a) 127,125 (S Ellis)
b) 212,327 (Mrs K Ellis)


a) 0.10%
b) 0.17%


 




K Whiteman
 


a) 35,336


a) 0.03%


a) 221,522 (K Whiteman)
b) 90,258 (Mrs M Whiteman)


a) 0.18%
b) 0.07%


 




J Tibaldi


a) 24,723


a) 0.02%


a) 56,077 (J Tibaldi)
b) 17,889 (Mrs M Tibaldi)


a) 0.04%
b) 0.01%


 




P Vallone


a) 24,723


a) 0.01%


a) 66,560 (P Vallone)
b) 10,000 (Mrs A Vallone)


a) 0.05%
b) 0.01%


 



 
Vested options can be exercised up to and including 4 September 2026 subject to the rules of the 2011 LTIP.
 
 
The Company was also notified on 30 September 2020 that, in accordance with the rules of the 2011 LTIP permitting 10% of Shares acquired on exercise of options to be sold each year, five Directors had sold Shares following the exercise of their options as specified in the table below.  The Shares were sold on 30 September 2020 at a price of £42.392832 per Share.
 



Name of Director


Number of Shares sold


Percentage of Issued Share Capital


Total Beneficial Holding following Notification


Percentage of Issued Share Capital beneficially held following Notification




R J Stearn


a) 3,512


a) 0.01%


a) 114,735 (R J Stearn)
b) 84,924 (Mrs J P Stearn)


a) 0.09%
b) 0.07%




S Ellis


a) 5,718


a) 0.01%


a) 121,407 (S Ellis)
b) 212,327 (Mrs K Ellis)


a) 0.10%
b) 0.17%




K Whiteman


a) 3,533


a) 0.01%


a) 217,989 (K Whiteman)
b) 90,258 (Mrs M Whiteman)


a) 0.17%
b) 0.07%




J Tibaldi


a) 2,472


a) 0.01%


a) 53,605 (J Tibaldi)
b) 17,889 (Mrs M Tibaldi)


a) 0.04%
b) 0.01%




P Vallone


a) 2,472


a) 0.01%


a) 64,088 (P Vallone)
b) 10,000 (Mrs A Vallone)


a) 0.05%
b) 0.01%



 




 
Sale of Shares by a Director of the Company
 
The Company was also notified that on 30 September 2020 the following transactions were undertaken by three Directors of the Company.  These Shares were owned prior to today's vesting under the 2011 LTIP and are free of any sale restrictions. 
 



Name of Director / PCA


Number of Shares sold


Percentage of Issued Share Capital


Total Holding following Notification


Percentage of Issued Share Capital held following Notification




R J Stearn


a) 21,500


a) 0.02%


a) 93,235 (R J Stearn)
b) 84,924 (Mrs J P Stearn)


a) 0.07%
b) 0.07%




S Ellis


a) 40,647


a) 0.03%


a) 80,760 (S Ellis)
b) 212,327 (Mrs K Ellis)


a) 0.06%
b) 0.17%




J Tibaldi


a) 5,500


a) 0.01%


a) 48,105 (J Tibaldi)
b) 17,889 (Mrs M Tibaldi)


a) 0.04%
b) 0.01%



 
The Shares were sold on 30 September 2020 at £42.494689 per Share.
 
The information set out above is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
 
For further information please contact:
 
Novella Communications                                               
Tim Robertson                                                              
T: 020 3151 7008
 
Ann Dibben
Company Secretary
The Berkeley Group Holdings plc
Tel: 01932 868555
 
LEI:      2138009OQSSLVVHQAL78




 
 
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation
 



1.


Details of the person discharging managerial responsibilities / person closely associated 




a)


Name


Robert Perrins




2.


Reason for the notification




a)


Position / status


Chief Executive




b)


Initial notification / amendment


Initial notification




3.


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


The Berkeley Group Holdings plc




b)


LEI


2138009OQSSLVVHQAL78




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
Identification Code


Ordinary Shares of 5p each


ISIN: GB00B02L3W35




b)


Nature of the transaction(s)


Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £5.39 per Ordinary Share and employee's income tax and national insurance contributions.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


91,701








d)


Aggregated information
-     Aggregated volume 
-     Price


n/a single transaction
 




e)


Date of the transaction


2020-09-30




f)


Place of the transaction


Outside a trading venue



 




 
 
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation
 



1.


Details of the person discharging managerial responsibilities / person closely associated 




a)


Name


Richard Stearn




2.


Reason for the notification




a)


Position / status


Group Finance Director




b)


Initial notification / amendment


Initial notification




3.


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


The Berkeley Group Holdings plc




b)


LEI


2138009OQSSLVVHQAL78




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
Identification Code


Ordinary Shares of 5p each


ISIN: GB00B02L3W35




b)


Nature of the transaction(s)


1. Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £5.39 per Ordinary Share and employee's income tax and national insurance contributions.
2. Sale of Ordinary Shares
3. Sale of Ordinary Shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




1.  Nil
2.  £42.392832
3.  £42.494689


1.   35,120
2.   3,512
3.   21,500








d)


Aggregated information
-     Aggregated volume 
-     Price


 
25,012

£42.480387




e)


Date of the transaction


2020-09-30




f)


Place of the transaction


1.   Outside a trading venue
2.   London Stock Exchange, Main Market (XLON)
3.   London Stock Exchange, Main Market (XLON)



  




 
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation
 



1.


Details of the person discharging managerial responsibilities / person closely associated 




a)


Name


Sean Ellis




2.


Reason for the notification




a)


Position / status


Divisional Executive Director




b)


Initial notification / amendment


Initial notification




3.


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


The Berkeley Group Holdings plc




b)


LEI


2138009OQSSLVVHQAL78




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
Identification Code


Ordinary Shares of 5p each


ISIN: GB00B02L3W35




b)


Nature of the transaction(s)


1.   Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £5.39 per Ordinary Share and employee's income tax and national insurance contributions.
2.   Sale of Ordinary Shares
3.   Sale of Ordinary Shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




1. Nil
2. £42.392832
3. £42.494689


1.  57,185
2.  5,718
3.  40,647








d)


Aggregated information
-     Aggregated volume 
-     Price


 
46,365

£42.482127
 




e)


Date of the transaction


2020-09-30




f)


Place of the transaction


1.   Outside a trading venue
2.   London Stock Exchange, Main Market (XLON)
3.   London Stock Exchange, Main Market (XLON)



  




 
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation
 



1.


Details of the person discharging managerial responsibilities / person closely associated 




a)


Name


Karl Whiteman




2.


Reason for the notification




a)


Position / status


Divisional Executive Director




b)


Initial notification / amendment


Initial notification




3.


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


The Berkeley Group Holdings plc




b)


LEI


2138009OQSSLVVHQAL78




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
Identification Code


Ordinary Shares of 5p each


ISIN: GB00B02L3W35




b)


Nature of the transaction(s)


1.         Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £5.39 per Ordinary Share and employee's income tax and national insurance contributions.
2.         Sale of Ordinary Shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




1.   Nil
2.   £42.392832
 


1.    35,336
2.    3,533








d)


Aggregated information
-     Aggregated volume 
-     Price


n/a single transaction
 




e)


Date of the transaction


2020-09-30




f)


Place of the transaction


1. Outside a trading venue

2. London Stock Exchange, Main Market (XLON)



  




 
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation



1.


Details of the person discharging managerial responsibilities / person closely associated 




a)


Name


Justin Tibaldi




2.


Reason for the notification




a)


Position / status


Divisional Executive Director




b)


Initial notification / amendment


Initial notification




3.


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


The Berkeley Group Holdings plc




b)


LEI


2138009OQSSLVVHQAL78




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
Identification Code


Ordinary Shares of 5p each


ISIN: GB00B02L3W35




b)


Nature of the transaction(s)


1. Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £5.39 per Ordinary Share and employee's income tax and national insurance contributions.
2. Sale of Ordinary Shares
3. Sale of Ordinary Shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




1.  Nil
2.  £42.392832
3.  £42.494689


1.   24,723
2.   2,472
3.   5,500








d)


Aggregated information
-     Aggregated volume 
-     Price


 
7,972

£42.463104




e)


Date of the transaction


2020-09-30




f)


Place of the transaction


1. Outside a trading venue
2. London Stock Exchange, Main Market (XLON)
3. London Stock Exchange, Main Market (XLON)



 




 
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation



1.


Details of the person discharging managerial responsibilities / person closely associated 




a)


Name


Paul Vallone




2.


Reason for the notification




a)


Position / status


Divisional Executive Director




b)


Initial notification / amendment


Initial notification




3.


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


The Berkeley Group Holdings plc




b)


LEI


2138009OQSSLVVHQAL78




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
Identification Code


Ordinary Shares of 5p each


ISIN: GB00B02L3W35




b)


Nature of the transaction(s)


1.   Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £5.39 per Ordinary Share and employee's income tax and national insurance contributions.
2.   Sale of Ordinary Shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




1. Nil

2. £42.392832


24,723

2,472








d)


Aggregated information
-     Aggregated volume 
-     Price


n/a single transaction
 




e)


Date of the transaction


2020-09-30




f)


Place of the transaction


1. Outside a trading venue

2. London Stock Exchange, Main Market (XLON)



  
 

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