REG - Burberry Group PLC - Director/PDMR Shareholding

BurberryAnnouncement

31/07/2024 10:30

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RNS Number : 5812Y  Burberry Group PLC  31 July 2024

Burberry Group plc

Director/PDMR Shareholdings

 

 

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

 

Burberry Group plc (the "Company") announces that conditional share awards
over Ordinary Shares of 0.05 pence each ("Shares") in the Company were granted
on 30 July 2024 (the "Grant Date") to the following Executive Directors and
Persons Discharging Managerial Responsibilities ("PDMRs") in accordance with
the rules of the BSP.

 

Executive Directors and PDMRs:

 

                                           Number of Shares
 Joshua Schulman  Chief Executive Officer  212,531
 Kate Ferry       Chief Financial Officer  110,353

 

In recognition of recent share price volatility, especially following the
announcement on 15 July 2024 of the Company's first quarter trading update,
the conditional share awards have been calculated using a share price of
917.51 pence, being the average share price for the 20 business days prior to
the announcement on 15 July 2024.

 

The conditional share awards will vest on 30 July 2027, three years following
the Grant Date, but will be subject to a two-year holding period so that the
minimum time before any sale of shares (except to cover any tax liabilities
arising from the award on vesting) is five years.

 

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 the
vesting date. If the Company does not meet one or more of the performance
underpins over the 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
2023/24 Directors' Remuneration Report.

 

31 July 2024

 

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.

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                             Joshua Schulman
 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)
                                                                      £9.1751   212,531

 

 d)  Aggregated information

Aggregate Price  Aggregate Volume  Aggregate

     - Aggregated volume                                                                Total

                                                                £9.1751          212,531           £1,949,993.18

     - Price

 e)  Date of the transaction                                           2024-07-30
 f)  Place of the transaction                                         Outside a trading venue

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 Aggregate Price  Aggregate Volume  Aggregate

                                    Total
 £9.1751          212,531           £1,949,993.18

e)

Date of the transaction

 2024-07-30

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                             Kate Ferry
 2   Reason for the notification
 a)  Position/status                  Chief 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)
                                                                      £9.1751   110,353

 

 d)  Aggregated information

Aggregate Price  Aggregate Volume  Aggregate

     - Aggregated volume                                                                Total

                                                                £9.1751          110,353           £1,012,499.81

     - Price

 e)  Date of the transaction                                           2024-07-30
 f)  Place of the transaction                                         Outside a trading venue

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 Aggregate Price  Aggregate Volume  Aggregate

                                    Total
 £9.1751          110,353           £1,012,499.81

e)

Date of the transaction

 2024-07-30

f)

Place of the transaction

Outside a trading venue

 

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