Director/PDMR Shareholding

RNS Number : 5678P
Berkeley Group Holdings (The) PLC
10 February 2023
 

10 February 2023

 

The Berkeley Group Holdings plc

(the "Company")

Grant of awards to Directors/PDMRs under

The Berkeley Group Holdings plc 2022 Long-Term Option Plan

&

The Berkeley Group Holdings plc 2022 Restricted Share Plan

 

Following the approval of The Berkeley Group Holdings plc 2022 Long-Term Option Plan and T he Berkeley Group Holdings plc 2022 Restricted Share Plan (together the "Share Plans") at the Company's Annual General Meeting on 6 September 2022,the Company hereby announces the grant of awards to directors under the Share Plans.

The Berkeley Group Holdings plc 2022 Long-Term Option Plan ("LTOP")

Under the LTOP a limited number of eligible employees have been granted options ("Options") over ordinary shares in the Company of 5.4141p each ("Shares"), subject to continued employment.  The Company announces that the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") of the Company have been granted Options:

Name of Director/PDMR

Number of Shares subject to Award

R C Perrins

1,000,000

R J Stearn

350,000

K Whiteman

350,000

J Tibaldi

350,000

P Vallone

350,000

 

The options were granted on 9 February 2023 and will vest over five equal tranches as set out in the table below:

Tranche

Proportion of Options vesting

Vesting date

Exercise price per Share*

1

20%

30 September 2026

£48.50

2

20%

30 September 2027

£51.00

3

20%

30 September 2028

£53.50

4

20%

30 September 2029

£56.00

5

20%

30 September 2030

£58.50

 

Tranches 1 and 2 are subject to a holding period beginning on the vesting date and ending 9 February 2028.

* In each case, the exercise price per Share will be reduced by an amount equal to all dividends or other distributions to shareholders (other than in relation to buy-backs) paid from the date of grant to the date of exercise.

 

The Berkeley Group Holdings plc 2022 Restricted Share Plan ("RSP")

The Company announces that the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") of the Company have been granted awards ("Awards") under the RSP:

Name of Director/PDMR

Number of Shares subject to Award

Vesting date

R C Perrins

24,407

9 February 2027

R J Stearn

14,192

9 February 2027

K Whiteman

13,631

9 February 2027

J Tibaldi

13,631

9 February 2027

P Vallone

13,631

9 February 2027

 

The Awards were granted on 9 February 2023 and entitle each individual to acquire Shares up to the maximum number set out above, subject to continued employment and two underpins being:

· the Company's average return on equity over the four financial years commencing with the financial year ending 30 April 2023 being at least 15% on an annualised basis; and,

· an additional discretionary underpin pursuant to which the Remuneration Committee of the Company may reduce the level of vesting by up to 20% to reflect what it considers to be unsatisfactory progress over the performance period against the strategic and ESG priorities set out in Our Vision 2030.

The Awards are also subject to a holding period ending on the first anniversary of the vesting date.

 

Enquiries:

Ann Dibben

Company Secretary

The Berkeley Group Holdings plc

Tel: 01932 868555



Tim Robertson

Novella Communications

Tel: 020 3151 7008



LEI:  2138009OQSSLVVHQAL78

Notification of Dealing Form:

The notification set out below is provided in accordance with the requirements of the UK Market Abuse Regulation

1

 

Details of the person discharging managerial responsibilities / person closely associate

a)

 

Name

 

Robert Perrins

2

Reason for the notification

a)

 

Position/status

 

Chief Executive

 

b)

 

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

 

Name

 

The Berkeley Group Holdings plc

b)

 

LEI

 

 2138009OQSSLVVHQAL78

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 5.4141p each

Identification code

 ISIN: GB00BLJNXL82



b)

 

Nature of the transaction

 

 

Grant of share awards under:

a)  The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and,

b)  The Berkeley Group Holdings plc 2022 Restricted Share Plan.

c)

 

Price(s) and volume(s)

 

Price per share

Volume

a)  £48.50

£51.00

£53.50

£56.00

£58.50

b)  Nil

200,000
200,000
200,000
200,000
200,000
24,407

 

d)

Aggregated Information

 

Volume

 

Price

 

Price

Aggregate volume

Aggregate total

N/A

N/A

N/A

e)

Date of transaction

9 February 2023

f)

Place of transaction

Outside a trading venue

 

The notification set out below is provided in accordance with the requirements of the UK Market Abuse Regulation

1

 

Details of the person discharging managerial responsibilities / person closely associate

a)

 

Name

 

Richard Stearn

2

Reason for the notification

a)

 

Position/status

 

Group Finance Director

 

b)

 

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

 

Name

 

The Berkeley Group Holdings plc

b)

 

LEI

 

 2138009OQSSLVVHQAL78

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 5.4141p each

Identification code

 ISIN: GB00BLJNXL82



b)

 

Nature of the transaction

 

 

Grant of share awards under:

a)  The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and,

b)  The Berkeley Group Holdings plc 2022 Restricted Share Plan.

c)

 

Price(s) and volume(s)

 

Price per share

Volume

a)  £48.50

£51.00

£53.50

£56.00

£58.50

b)  Nil

70,000
70,000
70,000
70,000
70,000
14,192

 

d)

Aggregated Information

 

Volume

 

Price

 

Price

Aggregate volume

Aggregate total

N/A

N/A

N/A

 

e)

Date of transaction

9 February 2023

f)

Place of transaction

Outside a trading venue

 

The notification set out below is provided in accordance with the requirements of the UK Market Abuse Regulation

1

 

Details of the person discharging managerial responsibilities / person closely associate

a)

 

Name

 

Karl Whiteman

2

Reason for the notification

a)

 

Position/status

 

Divisional Executive Director

 

b)

 

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

 

Name

 

The Berkeley Group Holdings plc

b)

 

LEI

 

 2138009OQSSLVVHQAL78

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 5.4141p each

Identification code

 ISIN: GB00BLJNXL82



b)

 

Nature of the transaction

 

 

Grant of share awards under:

a)  The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and,

b)  The Berkeley Group Holdings plc 2022 Restricted Share Plan.

c)

 

Price(s) and volume(s)

 

Price per share

Volume

a)  £48.50

£51.00

£53.50

£56.00

£58.50

b)  Nil

70,000
70,000
70,000
70,000
70,000
13,631

 

d)

Aggregated Information

 

Volume

 

Price

 

Price

Aggregate volume

Aggregate total

N/A

N/A

N/A

e)

Date of transaction

9 February 2023

f)

Place of transaction

Outside a trading venue

 

The notification set out below is provided in accordance with the requirements of the UK Market Abuse Regulation

1

 

Details of the person discharging managerial responsibilities / person closely associate

a)

 

Name

 

Justin Tibaldi

2

Reason for the notification

a)

 

Position/status

 

Divisional Executive Director

 

b)

 

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

 

Name

 

The Berkeley Group Holdings plc

b)

 

LEI

 

 2138009OQSSLVVHQAL78

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 5.4141p each

Identification code

 ISIN: GB00BLJNXL82



b)

 

Nature of the transaction

 

 

Grant of share awards under:

a)  The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and,

b)  The Berkeley Group Holdings plc 2022 Restricted Share Plan.

c)

 

Price(s) and volume(s)

 

Price per share

Volume

a)  £48.50

£51.00

£53.50

£56.00

£58.50

b)  Nil

70,000
70,000
70,000
70,000
70,000
13,631

 

d)

Aggregated Information

 

Volume

 

Price

 

Price

Aggregate volume

Aggregate total

N/A

N/A

N/A

 

 

e)

Date of transaction

9 February 2023

f)

Place of transaction

Outside a trading venue

 

The notification set out below is provided in accordance with the requirements of the UK Market Abuse Regulation

1

 

Details of the person discharging managerial responsibilities / person closely associate

a)

 

Name

 

Paul Vallone

2

Reason for the notification

a)

 

Position/status

 

Divisional Executive Director

 

b)

 

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

 

Name

 

The Berkeley Group Holdings plc

b)

 

LEI

 

 2138009OQSSLVVHQAL78

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 5.4141p each

Identification code

 ISIN: GB00BLJNXL82



b)

 

Nature of the transaction

 

 

Grant of share awards under:

a)  The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and,

b)  The Berkeley Group Holdings plc 2022 Restricted Share Plan.

c)

 

Price(s) and volume(s)

 

Price per share

Volume

a)  £48.50

£51.00

£53.50

£56.00

£58.50

b)  Nil

70,000
70,000
70,000
70,000
70,000
13,631

 

d)

Aggregated Information

 

Volume

 

Price

 

Price

Aggregate volume

Aggregate total

N/A

N/A

N/A

e)

Date of transaction

9 February 2023

f)

Place of transaction

Outside a trading venue

 

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