Director/PDMR Shareholding

RNS Number : 4730S

Berkeley Group Holdings (The) PLC

02 October 2017

 

2 October 2017

The Berkeley Group Holdings plc

(the "Company")

Transactions of persons discharging managerial responsibilities

Directors' Shareholdings

On 2 October 2017, 13.4% of the options to acquire Shares granted under the 2011 LTIP vested.

The Company was notified on 2 October 2017 that the Directors detailed below had exercised their options to acquire Shares at an option exercise price of £8.63 per Share.  The Company was also notified on 2 October 2017 that The Berkeley Group Holdings plc Employee Benefit Trust (the "EBT") had transferred Shares to those Directors net of the option exercise price and employee's income tax and national insurance contributions as detailed in the below table. 

Vesting of 2011 LTIP

Name of Director	Number of Shares received following exercise of Option	Percentage of Issued Share Capital	Total Holding following Notification (1)	Percentage of Issued Share Capital held following Notification
A W Pidgley	a) 117,772	a) 0.09%	a) 4,866,728 (beneficial) b) 545,368 (Mrs S J Pidgley) c) 19,183   (non-beneficial)	a) 3.59% b) 0.40% c) 0.01%
R C Perrins	a) 78,024	a) 0.06%	a) 1,259,072 (R C Perrins) b) 521,086 (Mrs V W Perrins)	a) 0.93% b) 0.38%
R J Stearn	a) 28,371	a) 0.02%	a) 75,090 (R J Stearn) b) 66,947 (Mrs J P Stearn)	a) 0.06% b) 0.05%
S Ellis	a) 53,198	a) 0.04%	a) 5,319 (S Ellis) b) 338,030 (Mrs K Ellis)	a) 0.00% b) 0.25%
K Whiteman	a) 28,371	a) 0.02%	a) 185,713 (K Whiteman) b) 90,258 (Mrs M Whiteman)	a) 0.14% b) 0.07%

1.       S Ellis transferred 47,879 of the resultant Shares to his spouse, Mrs K Ellis. 

2.       Vested options can be exercised up to and including 4 September 2026 subject to the rules of the 2011 LTIP.

The Company was also notified on 2 October 2017 that, in accordance with the rules of the 2011 LTIP permitting 10% of Shares acquired on exercise of options to be sold each year, three Directors had sold Shares following the exercise of their options as specified in the table below.   The Shares were sold on 2 October 2017 at a price of £37.597866 per Share.

Name of Director	Number of Shares sold	Percentage of Issued Share Capital	Total Holding following Notification	Percentage of Issued Share Capital held following Notification
S Ellis	a) 5,319	a) 0.00%	a) 0 (S Ellis) b) 338,030 (Mrs K Ellis)	a) 0.00% b) 0.25%
R J Stearn	a) 2,837	a) 0.00%	a) 72,253 (R Stearn) b) 66,947 (Mrs J P Stearn)	a)  0.05% b)  0.05%
K Whiteman	a) 2,837	a) 0.00%	a) 182,876 (K Whiteman) b) 90,258 (Mrs M Whiteman)	a) 0.14% b) 0.07%

Sale of Shares by a Director and a Person Closely Associated with a Director of the Company

The Company was also notified that on 2 October 2017 the following transactions were undertaken by Mrs K Ellis, a Person Closely Associated ("PCA") with Mr S Ellis, a Director of the Company and by Mr R J Stearn, a Director of the Company.  These Shares were owned prior to today's vesting under the 2011 LTIP and are free of any sale restrictions.

Name of Director / PCA	Number of Shares sold	Percentage of Issued Share Capital	Total Holding following Notification	Percentage of Issued Share Capital held following Notification
a) S Ellis b) Mrs K Ellis	a) 0 b) 26,703	a) 0 b) 0.02%	a) 0 b) 311,327 (Mrs K Ellis)	a) 0.00% b) 0.23%
R J Stearn	a) 10,030	a) 0.001%	a) 62,223 (R Stearn) b) 66,947 (Mrs J P Stearn)	a)   0.05% b)  0.05%

The Shares were sold on 2 October 2017 at £37.54104 per Share.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

For further information please contact:

Novella Communications                                                

Tim Robertson                                                              

T: 020 3151 7008

Gemma Parsons

Company Secretary

The Berkeley Group Holdings plc

Tel: [phone]

LEI:      2138009OQSSLVVHQAL78

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

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Anthony Pidgley
2.	Reason for the notification
b)	Position / status	Chairman
c)	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 Identification Code	Ordinary Shares of 5p each ISIN: GB00B02L3W35
b)	Nature of the transaction(s)	Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £8.63 per Ordinary Share and employee's income tax and national insurance contributions.
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 117,772
d)	Aggregated information -     Aggregated volume -     Price	n/a single transaction
e)	Date of the transaction	2017-10-02
f)	Place of the transaction	Outside a trading venue

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

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert Perrins
2.	Reason for the notification
b)	Position / status	Chief Executive
c)	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 Identification Code	Ordinary Shares of 5p each ISIN: GB00B02L3W35
b)	Nature of the transaction(s)	Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £8.63 per Ordinary Share and employee's income tax and national insurance contributions.
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 78,024
d)	Aggregated information -     Aggregated volume -     Price	n/a single transaction
e)	Date of the transaction	2017-10-02
f)	Place of the transaction	Outside a trading venue

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

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Stearn
2.	Reason for the notification
b)	Position / status	Group Finance Director
c)	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 Identification Code	Ordinary Shares of 5p each ISIN: GB00B02L3W35
b)	Nature of the transaction(s)	1. Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £8.63 per Ordinary Share and employee's income tax and national insurance contributions. 2. Sale of Ordinary Shares 3. Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.  Nil 2.  £37.597866 3.  £37.54104 1.   28,371 2.   2,837 3.   10,030
d)	Aggregated information -     Aggregated volume -     Price	12,867 £37.554
e)	Date of the transaction	2017-10-02
f)	Place of the transaction	1. Outside a trading venue 2. London Stock Exchange, Main Market (XLON) 3. London Stock Exchange, Main Market (XLON)

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

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Sean Ellis
2.	Reason for the notification
b)	Position / status	Divisional Executive Director
c)	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 Identification Code	Ordinary Shares of 5p each ISIN: GB00B02L3W35
b)	Nature of the transaction(s)	1.   Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £8.63 per Ordinary Share and employee's income tax and national insurance contributions. 2.   Sale of Ordinary Shares 3.   Transfer of Ordinary Shares to Mrs Karen Ellis.
c)	Price(s) and volume(s)	Price(s) Volume(s) 1. nil 2. £37.597866 3. nil 1.  53,198 2.   5,319 3.   47,879
d)	Aggregated information -     Aggregated volume -     Price	n/a single transaction
e)	Date of the transaction	2017-10-02
f)	Place of the transaction	1.   Outside a trading venue 2.   London Stock Exchange, Main Market (XLON) 3.   Outside a trading venue

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

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Karen Ellis
2.	Reason for the notification
b)	Position / status	Person closely associated to Sean Ellis, Divisional Executive Director
c)	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 Identification Code	Ordinary Shares of 5p each ISIN: GB00B02L3W35
b)	Nature of the transaction(s)	1. Sale of Ordinary Shares 2. Acquisition of Ordinary Shares transferred from Mr Sean Ellis.
c)	Price(s) and volume(s)	Price(s) Volume(s) 1. £37.54104 2. nil 1.  26,703 2.   47,879
d)	Aggregated information -     Aggregated volume -     Price	n/a single transaction
e)	Date of the transaction	2017-10-02
f)	Place of the transaction	1.   London Stock Exchange, Main Market (XLON) 2.   Outside a trading venue

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

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Karl Whiteman
2.	Reason for the notification
b)	Position / status	Divisional Executive Director
c)	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 Identification Code	Ordinary Shares of 5p each ISIN: GB00B02L3W35
b)	Nature of the transaction(s)	1. Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £8.63 per Ordinary Share and employee's income tax and national insurance contributions. 2. Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1. Nil 2.  £37.597866 1.  28,371 2.  2,837
d)	Aggregated information -     Aggregated volume -     Price	n/a single transaction
e)	Date of the transaction	2017-10-02
f)	Place of the transaction	1.   Outside a trading venue 2.   London Stock Exchange, Main Market (XLON)

 

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