REG - Burberry Group PLC - Director/PDMR Shareholding

BurberryAnnouncement

20/12/2024 15:45

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RNS Number : 9968Q  Burberry Group PLC  20 December 2024

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

 

 

As announced on 15 July 2024, as part of his appointment, Joshua Schulman,
Chief Executive Officer (the "CEO") of the Company, is to receive a
recruitment share award over Ordinary Shares of 0.05p each ("Shares") in the
Company.  Accordingly, the Company announces that a conditional share award
was granted on 19 December 2024 to Joshua Schulman as detailed below (the
"Recruitment Award"):

 

 Director         Number of Shares subject to Recruitment Award  Award type               Vesting date  Terms
 Joshua Schulman  392,366                                        Performance-based award  17 July 2027  Bespoke award in reliance on FCA Listing Rule 9.3.2(2) to facilitate

             recruitment, on terms similar to Burberry Share Plan 2020 awards.

 

The number of Shares comprised in the Recruitment Award was determined by
reference to the Company's share price using the 20-business day average prior
to the date of Joshua's appointment (917.51p). The Recruitment Award is
subject to the achievement of performance conditions linked to the Company's
absolute Total Shareholder Return (TSR) and a two-year post-vesting holding
period.

 

Vesting will be subject to the following vesting profile:

 

            % of award vesting                      Absolute TSR

            (rounded down to nearest whole Share)
 Threshold  25%                                     +49%
 Maximum    100%                                    +109%

 

The Recruitment Award has been made in line with the Company's Directors'
Remuneration Policy, which is set out in full in the FY 2022/23 Directors'
Remuneration Report.

 

Full details of the Recruitment Award, including further details of the
performance conditions and information as required by FCA Listing Rule 9.3.3,
will be set out in the Company's FY 2024/25 Directors' Remuneration Report.

 

20 December 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.

Notification of dealing form

 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 ("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       392,366

 

 d)  Aggregated information

Aggregate Price  Aggregate Volume  Aggregate

     - Aggregated volume                                                                Total

                                                                Nil              392,366           Nil

     - Price

 e)  Date of the transaction                                          2024-12-19
 f)  Place of the transaction                                         Outside a trading venue

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 Aggregate Price  Aggregate Volume  Aggregate

                                    Total
 Nil              392,366           Nil

e)

Date of the transaction

2024-12-19

f)

Place of the transaction

Outside a trading venue

 

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