Director/PDMR Shareholding

RNS Number : 5001J

Burberry Group PLC

03 December 2008

 



Pursuant to DTR 3.1.4, Burberry Group plc (the 'Company') received notice of changes to the Shareholding of the following Directors / Persons Discharging Managerial Duties ('PDMRs'):

On 31 January 2006, Angela Ahrendts, a director of the Company, was awarded for nil consideration a nil cost option over 508,474 Ordinary Shares of 0.05p each in the Company in accordance with the terms of her service agreement and the terms of The Burberry Group plc 2004 Senior Executive Restricted Share Plan. 

The nil cost option vests in three tranches; 50% on 1 December 2008, 25% on 1 December 2009 and the remaining 25% on 1 December 2010, subject to the achievement of pre-determined performance criteria.

Accordingly, on 1 December 2008, a nil cost option in respect of 158,898 Ordinary Shares of 0.05p each in the Company vested. Ms Ahrendts subsequently exercised the option in full and sold 65,362 shares at 202.7739p per share in order to satisfy the tax liabilities arising upon exercise.

Following these transactions, Angela Ahrendts has an interest in 411,031 shares.

 

END

 

 

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