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

BurberryAnnouncement

31/10/2017 10:25

RNS Number : 0954V
Burberry Group PLC
31 October 2017
Burberry Group plc (the "Company") - Director/PDMR Shareholdings
The Company announces that on 31 October 2017 Christopher Bailey, a director of the Company, decided to surrender various awards held by him under the Company's share plans, as set out below in light of the fact he will be stepping down from the Board, and on 31 December 2018 leaving the Company.
 120,791 shares that were granted on 22 July 2015 under the Executive Share Plan;
 215,318 shares that were granted on 30 January 2017 under the Executive Share Plan; 
 207,687 shares that were granted on 31 July 2017 under the Executive Share Plan; 
 3,591 shares that were granted on 12 June 2014 under the Restricted Share Plan award; and
  283,163 shares that were granted to him as part of the 2014 exceptional performance based award granted to him on 12 June 2014.
At yesterday's closing price, the total value of the surrender is 16 million.
31 October 2017
The following disclosures are made in accordance with Article 19.3 of the EU Market Abuse Regulation 596/2014.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Christopher Bailey
2
Reason for the notification
a)
Position/status
President and Chief Creative 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 0.05pence each
GB0031743007
b)
Nature of the transaction
Surrender (for nil consideration) of nil-cost options/awards over: 
(i) 120,791 shares that were granted on 22 July 2015 under the Executive Share Plan;
(ii) 215,318 shares that were granted on 30 January 2017 under the Executive Share Plan; 
(iii) 207,687 shares that were granted on 31 July 2017 under the Executive Share Plan; 
(iv) 3,591 shares that were granted on 12 June 2014 under the Restricted Share Plan; and
(v) 283,163 shares that were granted to him as part of the 2014 exceptional performance based award granted to him on 12 June 2014.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
120,791
Nil
215,318
Nil
207,687
Nil
3,591
Nil
283,163
d)
Aggregated information
- Aggregated volume
- Price
Aggregate Price
Aggregate Volume
Aggregate
Total
Nil
830,550
Nil
e)
Date of the transaction
2017-10-31
f)
Place of the transaction
Outside a trading venue

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