REG - Burberry Group PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">BRBY.L</Origin>

BurberryAnnouncement

23/07/2015 12:40

RNS Number : 9127T
Burberry Group PLC
23 July 2015
Burberry Group plc (the "Company") - Director/PDMR Shareholdings
The notifications listed below were received under Paragraph 3.1.2 of the Disclosure and Transparency Rules.
The Company announces that it was notified on 22 July 2015 of changes in the interests of directors and persons discharging managerial responsibilities ("PDMR") in the Ordinary Shares of 0.05p each in the Company ("Shares"), as set out below.
1. In accordance with the rules of the Burberry Group plc Executive Share Plan (the "ESP"), on 22 July 2015 the directors and PDMRs named below were granted nil-cost options or conditional awards over Shares:
Directors
Number of Shares 
Christopher Bailey
241,581
Carol Fairweather
78,435
John Smith
92,867
PDMRs
Number of Shares 
Jan Heppe
50,675
Andrew Maag
145,513
Pascal Perrier
135,724
50% of each award will vest on the third anniversary of grant, and 50% on the fourth anniversary of grant, subject to the achievement of performance conditions.
2.  In accordance with the rules of the Burberry Senior Executive Restricted Share Plan 2004 (the "RSP"), on 21 July 2015 the following directors and PDMRs exercised options or received awards as set out below: 
Directors
Date of grant
Number of shares received
Number of shares sold (including to cover tax liabilities)
Carol Fairweather
25 June 2008
6,250
6,250
10 June 2010
6,525
6,525
PDMRs
Date of grant
Number of shares received
Number of shares sold (including to cover tax liabilities)
Jan Heppe
20 June 2011
4,144
4,144
Andrew Maag
10 June 2010
13,050
13,050
Shares were sold on behalf of the directors and PDMRs in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53pence per share.
3. In accordance with the rules of the Burberry Group plc Co-Investment Plan (the "CIP"), on 21 July 2015 directors and PDMRs exercised nil cost options and received awards under the CIP granted on 18 July 2012 as follows: 
Directors
Number of Shares received
Number of Shares sold (including to cover tax liabilities)
Christopher Bailey
235,151
110,992
Carol Fairweather
24,134
24,134
PDMRs
Number of Shares received 
Number of Shares sold (including to cover tax liabilities)
Jan Heppe
7,414
7,414
Andrew Maag
77,476
77,476
Pascal Perrier
98,317
98,317
Shares were sold on behalf of the directors and PDMRs in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53pence per share.
4. On 21 July 2015, Christopher Bailey exercised a nil-cost option over 350,000 Shares granted on 8 December 2010 as follows:
Directors
Number of Shares received
Number of Shares sold to cover tax liabilities
Christopher Bailey
350,000
165,200
Shares were sold on behalf of Christopher Bailey in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53pence per share.
5. John Smith purchased 11,938 Shares in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53 pence per share.
6. Christopher Bailey sold 61,721 Shares in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53 pence per share.
7. Pascal Perrier sold 24,205 Shares in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53 pence per share.
Following the above transactions, the directors and PDMRs will hold the following Shares:
Name
Number of Shares 
Christopher Bailey
552,000
Carol Fairweather
67,963
John Smith
36,235
Jan Heppe
116,938
Andrew Maag
80,157
Pascal Perrier
113,225
23 July 2015

This information is provided by RNS
The company news service from the London Stock Exchange
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