REG - Burberry Group PLC - Director/PDMR Shareholding
RNS Number : 4515HBurberry Group PLC03 August 2021Burberry Group plc (the "Company") - Director/PDMR Shareholding
On 2 August 2021, the Company was notified of the following transactions by Directors/persons discharging managerial responsibilities ("PDMR"):
Julie Brown, Chief Operating and Financial Officer and a director of the Company, exercised a nil-cost option over 2,787 ordinary shares of 0.05p each in the Company ("Shares") granted to her on 31 July 2018, under the Burberry Group plc Executive Share Plan 2014.
Following this exercise, and on the same day, Julie Brown subsequently sold a total of 1,330 of the newly acquired Shares, at a price of £21.07 per Share, to fund the tax and fees arising from the exercise, as set out below.
Director
Number of Shares acquired
Number of Shares sold to cover tax and fees
Number of Shares retained
Julie Brown
2,787
1,330
1,457
On 2 August 2021, Julie Brown also transferred 2,047 Shares between her nominee accounts, with no change to the beneficial ownership of the Shares, and sold a total of 2 Shares at a price of £21.25 per Share to fund the fees arising from this transfer.
Gianluca Flore, President of Americas & Global Retail Excellence and a PDMR of the Company, acquired 889 Shares on 2 August 2021, pursuant to a vesting of the conditional share award granted to him on 31 July 2018, under the Burberry Group plc Executive Share Plan 2014.
Gianluca Flore subsequently sold 340 of the newly acquired Shares, at a price of £21.01 per Share, to fund the tax and fees arising from the acquisition, as set out below.
PDMR
Number of Shares acquired
Number of Shares sold to cover tax and fees
Number of Shares retained
Gianluca Flore
889
340
549
3 August 2021
The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
Notification of dealing forms
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 /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
Identification code
Ordinary shares of 0.05 pence each
GB0031743007
b)
Nature of the transaction
Exercise of a nil-cost Share option granted on 31 July 2018 and subsequent acquisition of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
2,787
d)
Aggregated information
- Aggregated volume
- Price
Aggregate Price
Aggregate Volume
Total Cost
Nil
2,787
Nil
e)
Date of the transaction
2021-08-02
f)
Place of the transaction
Outside a trading venue
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 0.05 pence each
GB0031743007
b)
Nature of the transaction
Sale of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£21.07
1,330
£21.25
2
d)
Aggregated information
- Aggregated volume
- Price
Aggregate Price
Aggregate
Volume
Total Cost
£21.07
1,330
£28,023.10
£21.25
2
£42.50
e)
Date of the transaction
2021-08-02
f)
Place of the transaction
London Stock Exchange (XLON)
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 0.05 pence each
GB0031743007
b)
Nature of the transaction
Transfer of Shares between nominee accounts with no change to the beneficial ownership of the Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
2,047
d)
Aggregated information
- Aggregated volume
- Price
Aggregate Price
Aggregate Volume
Aggregate
Total Cost
N/a
2,047
N/a
e)
Date of the transaction
2021-08-02
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 /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
Identification code
Ordinary shares of 0.05 pence each
GB0031743007
b)
Nature of the transaction
Acquisition of Shares following a vesting of a conditional share award granted on 31 July 2018 under the Burberry Group plc Executive Share Plan 2014
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
889
d)
Aggregated information
- Aggregated volume
- Price
Price
Aggregated Volume
Total Cost
Nil
889
Nil
e)
Date of the transaction
2021-08-02
f)
Place of the transaction
Outside a trading venue
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 0.05 pence each ("Shares")
GB0031743007
b)
Nature of the transaction
Sale of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£21.01
340
d)
Aggregated information
- Aggregated volume
- Price
Price
Aggregated Volume
Total Cost
£21.01
340
£7,143.40
e)
Date of the transaction
2021-08-02
f)
Place of the transaction
London Stock Exchange (XLON)
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