Director/PDMR Shareholding

RNS Number : 9127T
Burberry Group PLC
23 July 2015
 



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

 

The notifications listed below were received under Paragraph 3.1.2 of the Disclosure and Transparency Rules.

 

The Company announces that it was notified on 22 July 2015 of changes in the interests of directors and persons discharging managerial responsibilities ("PDMR") in the Ordinary Shares of 0.05p each in the Company ("Shares"), as set out below.

 

1.    In accordance with the rules of the Burberry Group plc Executive Share Plan (the "ESP"), on 22 July 2015 the directors and PDMRs named below were granted nil-cost options or conditional awards over Shares:

 

Directors

Number of Shares

Christopher Bailey

241,581

Carol Fairweather

78,435

John Smith

92,867

PDMRs

Number of Shares

Jan Heppe

50,675

Andrew Maag

145,513

Pascal Perrier

135,724

 

50% of each award will vest on the third anniversary of grant, and 50% on the fourth anniversary of grant, subject to the achievement of performance conditions.

 

2.   In accordance with the rules of the Burberry Senior Executive Restricted Share Plan 2004 (the "RSP"), on 21 July 2015 the following directors and PDMRs exercised options or received awards as set out below: 

 

Directors

Date of grant

Number of shares received

Number of shares sold (including to cover tax liabilities)

Carol Fairweather

25 June 2008

6,250

6,250

10 June 2010

6,525

6,525

PDMRs

Date of grant

Number of shares received

Number of shares sold (including to cover tax liabilities)

Jan Heppe

20 June 2011

4,144

4,144

Andrew Maag

10 June 2010

13,050

13,050

 

Shares were sold on behalf of the directors and PDMRs in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53 pence per share.

 

3.   In accordance with the rules of the Burberry Group plc Co-Investment Plan (the "CIP"), on 21 July 2015 directors and PDMRs exercised nil cost options and received awards under the CIP granted on 18 July 2012 as follows:

 

Directors

Number of Shares received

Number of Shares sold (including to cover tax liabilities)

Christopher Bailey

235,151

110,992

Carol Fairweather

24,134

24,134

PDMRs

Number of Shares received

Number of Shares sold (including to cover tax liabilities)

Jan Heppe

7,414

7,414

Andrew Maag

77,476

77,476

Pascal Perrier

98,317

98,317

 

Shares were sold on behalf of the directors and PDMRs in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53 pence per share.

 

4.   On 21 July 2015, Christopher Bailey exercised a nil-cost option over 350,000 Shares granted on 8 December 2010 as follows:

 

Directors

Number of Shares received

Number of Shares sold to cover tax liabilities

Christopher Bailey

350,000

165,200

 

Shares were sold on behalf of Christopher Bailey in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53 pence per share.

 

5.   John Smith purchased 11,938 Shares in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53 pence per share.

 

6.   Christopher Bailey sold 61,721 Shares in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53 pence per share.

 

7.   Pascal Perrier sold 24,205 Shares in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53 pence per share.

 

 

Following the above transactions, the directors and PDMRs will hold the following Shares:

 

Name

Number of Shares

Christopher Bailey

552,000

Carol Fairweather

67,963

John Smith

36,235

Jan Heppe

116,938

Andrew Maag

80,157

Pascal Perrier

113,225

 

 

23 July 2015


This information is provided by RNS
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