REG - Burberry Group PLC - Director/PDMR Shareholding

BurberryAnnouncement

27/07/2022 13:15

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RNS Number : 9572T  Burberry Group PLC  27 July 2022

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

 

 

Grant of awards under the Burberry Group plc Burberry Share Plan 2020 ( the
"BSP")

 

The Company announces that conditional share awards over Ordinary Shares of
0.05p each ("Shares") in the Company were granted on 27 July 2022 (the "Grant
Date") to the following Executive Directors and Persons Discharging Managerial
Responsibilities ("PDMRs") in accordance with the rules of the BSP. The
conditional share awards were granted using a share price of 1716.58 pence
being the average share price for the period 22 July 2022 to 26 July 2022 (the
three business days prior to the Grant Date).

 

1.    Executive Directors and PDMRs:

 

                                                          Number of Shares
 Jonathan Akeroyd  Chief Executive Officer                104,131
 Julie Brown       Chief Operating and Financial Officer  70,743

 

The conditional share awards will vest in three equal tranches after three,
four and five years following the date of the award, subject to a holding
period to the fifth anniversary of the award.

 

The awards will be subject to continued employment and performance underpins
based on three key areas: Revenue, Group Return on Invested Capital and brand
and sustainability strategies.  The performance underpins will be tested at
each vesting date. If the Company does not meet one or more of the performance
underpins over the relevant vesting period then the Remuneration Committee
would consider whether it was appropriate to scale back the level of pay-out
under the award to reflect this.  For further information please consult our
FY 2021/22 Directors' Remuneration Report.

 

2.    PDMR

 

                                           Number of Shares
 Gianluca Flore  Chief Commercial Officer  23,768

 

The conditional share award granted to the PDMR will vest in full on 27 July
2025, subject to his continued employment.

 

 

 

27 July 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

The following disclosures are made in accordance with Article 19 of the EU
Market Abuse Regulation 596/2014.

 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

     Identification code

                                                                      GB0031743007
 b)  Nature of the transaction                                        Grant of a conditional share award under the Burberry Group plc Burberry Share
                                                                      Plan 2020
 c)  Price(s) and volume(s)

Price(s)   Volume(s)
                                                                      £17.1658   104,131

 

 d)  Aggregated information

Aggregate Price  Aggregate Volume  Aggregate

     - Aggregated volume                                                                Total

                                                                £17.1658         104,131           £1,787,491.92

     - Price

 e)  Date of the transaction                                           2022-07-27
 f)  Place of the transaction                                         Outside a trading venue

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 Aggregate Price  Aggregate Volume  Aggregate

                                    Total
 £17.1658         104,131           £1,787,491.92

e)

Date of the transaction

 2022-07-27

f)

Place of the transaction

Outside a trading venue

 

 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      Ordinary shares of 0.05 pence each

     Identification code

                                                                      GB0031743007
 b)  Nature of the transaction                                        Grant of a conditional share award under the Burberry Group plc Burberry Share
                                                                      Plan 2020
 c)  Price(s) and volume(s)

Price(s)   Volume(s)
                                                                      £17.1658   70,743

 

 d)  Aggregated information

Aggregate Price  Aggregate Volume  Aggregate

     - Aggregated volume                                                                Total

                                                                £17.1658         70,743            £1,214,360.19

     - Price

 e)  Date of the transaction                                           2022-07-27
 f)  Place of the transaction                                         Outside a trading venue

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 Aggregate Price  Aggregate Volume  Aggregate

                                    Total
 £17.1658         70,743            £1,214,360.19

e)

Date of the transaction

 2022-07-27

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                  Chief Commercial 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

     Identification code

                                                                      GB0031743007
 b)  Nature of the transaction                                        Grant of a conditional share award under the Burberry Group plc Burberry Share
                                                                      Plan 2020
 c)  Price(s) and volume(s)

Price(s)   Volume(s)
                                                                      £17.1658   23,768

 

 d)  Aggregated information

Aggregate Price  Aggregate Volume  Aggregate

     - Aggregated volume                                                                Total

                                                                £17.1658         23,768            £407,996.73

     - Price

 e)  Date of the transaction                                          2022-07-27
 f)  Place of the transaction                                         Outside a trading venue

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 Aggregate Price  Aggregate Volume  Aggregate

                                    Total
 £17.1658         23,768            £407,996.73

e)

Date of the transaction

2022-07-27

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

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