REG - Burberry Group PLC - Director/PDMR Shareholding

BurberryAnnouncement

15/03/2022 09:45

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RNS Number : 8168E  Burberry Group PLC  15 March 2022

Burberry Group plc (the "Company") - Director/PDMR Shareholdings

 

 

As announced on 20 October 2021, as part of his appointment, Jonathan Akeroyd,
Chief Executive Officer of the Company, is to receive share awards to
compensate for incentives from his former employer that he forfeited on
joining the Company. Accordingly, the Company announces that conditional share
awards over Ordinary Shares of 0.05p each ("Shares") in the Company were
granted on 15 March 2022 to Jonathan Akeroyd, as detailed below (the "Buy-Out
Awards"):

 

 Director          Number of Shares subject to award  Award type               Vesting date    Terms
 Jonathan Akeroyd  101,377                            Performance-based award  30 June 2022    Bespoke award in reliance on FCA Listing Rule 9.4.2(2) to facilitate
                                                                                               recruitment, on terms similar to Burberry Share Plan 2020 awards.
                   71,106                             Time-based award         15 June 2022
                   79,439                                                      15 June 2023    Burberry Share Plan 2020
                   49,291                                                      3 January 2024
                   24,643                                                      15 June 2024

 

The number of Shares comprised in the Buy-out Awards was determined by
reference to the Company's share price at the time of Jonathan's appointment.
The Buy-Out Awards are subject to continued employment, and in respect of the
performance-based award, a performance condition relating to the performance
of Jonathan's former employer, Capri Holdings Limited.

 

All Buy-out Awards have been made in line with the Company's Remuneration
Policy, which is set out in full in the FY 2019/20 Directors' Remuneration
Report.

 

Full details of the Buy-Out Awards, including details of the performance
condition and information as required by FCA Listing Rule 9.4.3, will be set
out in the Company's FY 2021/22 Directors' Remuneration Report.

 

15 March 2022

 

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.

Notification of dealing form

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                             Jonathan Akeroyd
 2   Reason for the notification
 a)  Position/status                  Chief Executive 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      Ordinary shares of 0.05 pence each ("Shares")

     Identification code

                                                                      GB0031743007
 b)  Nature of the transaction                                        Grant of a conditional award over Shares
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                      Nil       71,106

                                                                      Nil       79,439
                                                                      Nil       49,291
                                                                      Nil       24,643
                                                                      Nil       101,377

 

 d)  Aggregated information

Aggregate Price  Aggregate Volume  Aggregate

     - Aggregated volume                                                                Total

                                                                Nil              325,856           Nil

     - Price

 e)  Date of the transaction                                          2022-03-15
 f)  Place of the transaction                                         Outside a trading venue

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 Aggregate Price  Aggregate Volume  Aggregate

                                    Total
 Nil              325,856           Nil

e)

Date of the transaction

2022-03-15

f)

Place of the transaction

Outside a trading venue

 

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