Director/PDMR Shareholding

RNS Number : 0355P
Burberry Group PLC
15 June 2022
 

Burberry Group plc

(the "Company")

 

Director/PDMR Shareholding

 

On 15 June 2022, the Company was notified of the following transactions by Directors/persons discharging managerial responsibilities ("PDMR"):

 

Jonathan Akeroyd, Chief Executive Officer and a director of the Company, received 71,106 ordinary shares of 0.05p each in the Company ("Shares") following the vesting of an award granted to him on 15 March 2022, as part of the buy-out awards he received on joining the Company for forfeiting awards on resignation from his former employer. This award was bespoke and granted in reliance on FCA Listing Rule 9.4.2(2) to facilitate recruitment, on terms similar to Burberry Share Plan 2020 awards.

 

Following this vesting and acquisition, on the same day, Jonathan Akeroyd subsequently sold a total of 34,395 of the newly acquired Shares, at a price of £16.176762 per Share, to fund the tax and fees arising from the vesting and acquisition, as set out below.

 

Director

Number of Shares acquired

Number of Shares sold to cover tax and fees

Number of Shares retained

Jonathan Akeroyd

71,106

34,395

36,711

 

15 June 2022

 

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

Jonathan Akeroyd

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

Identification code

Ordinary shares of 0.05 pence each ("Shares")

 

 

GB0031743007

b)

Nature of the transaction

Vesting of conditional share award grante d on 15 March 2022 in reliance on FCA Listing Rule 9.4.2(2) and subsequent acquisition of Shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil

 

71,106

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Aggregate Price

Aggregate Volume

Aggregate

Total

Nil

 

71,106

Nil

e)

Date of the transaction

2022-06-15

f)

Place of the transaction

Outside a trading venue

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

Identification code

Ordinary shares of 0.05 pence each ("Shares")

 

 

GB0031743007

b)

Nature of the transaction

Sale of Shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£16.176762

34,395

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Aggregate Price

Aggregate Volume

Aggregate

Total

£16.176762

34,395

£556,399.73

e)

Date of the transaction

2022-06-15

 

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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