Director/PDMR Shareholding

RNS Number : 0664I

Burberry Group PLC

08 June 2011

 

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

Under the Burberry Group plc Co-Investment Plan the Company's executive directors and other senior executives may, at the invitation of the Company's Remuneration Committee, defer receipt of all or part of their annual bonus and invest it in the Company's shares for at least three years, with up to a 2:1 match, based on the Company's performance during the three year holding period.

Pursuant to DTR 3.1.4, the Company announces that it received notice on 7 June 2011 of the following changes to the shareholdings of directors and Persons Discharging Managerial Duties ("PDMR") pursuant to the Burberry Group plc Co-Investment Plan:

1.    In accordance with the rules of the Burberry Group plc Co-Investment Plan(the "Plan"), the directors and PDMRs named below have opted to defer receipt of all of their bonus for the year ended 31 March 2011 and to invest it in ordinary shares in the Company of 0.05p each ("Shares") and have subsequently been granted nil cost options and award over Shares ("2011 Matching Shares"), pursuant to the rules of the Plan.

The following purchases of Shares and the grant of nil cost options and award of 2011 Matching Shares were made on 7 June 2011 under the Plan:

Directors	Number of Shares acquired	Contingent interests in Matching Shares
Angela Ahrendts	71,558	300,252
Stacey Cartwright	31,171	130,791
PDMRs	Number of Shares acquired	Contingent interests in Matching Shares
Andrew Maag	20,329	85,299
Pascal Perrier	50,289	108,441
Eugenia Ulasewicz	32,600	100,165

Shares were purchased on behalf of directors and PDMRs at an average price per share of 1318.89 pence, in London.

The 2011 Matching Shares do not vest for three years and are subject to performance conditions. If the directors or PDMRs resign during the three year holding period their rights to the 2011 Matching Shares will be forfeited.

2.   Directors and PDMRs received Shares on 7 June 2011 following the exercise of options or vesting of awards under the Plan granted in June 2008 ("2008 Matching Shares"). Subsequently, the 2008 Matching Shares were sold on behalf of the directors and PDMRs on 7 June 2011, at an average price of 1318.24 pence per share, in London, as follows:

Directors	Number of Shares received	Number of Shares sold
Angela Ahrendts	416,086	416,086
Stacey Cartwright	185,036	185,036
PDMRs
Andrew Maag	91,103	91,103
Pascal Perrier	97,902	5,455

3.   Eugenia Ulasewicz became entitled to the cash equivalent of 35,408 2008 Matching Shares on 3 June 2011, at 1305 pence per Share, in satisfaction of an award under the Burberry Group plc North America Co-Investment Plan, granted in June 2008.

4.   Angela Ahrendts sold 135,434 Shares on 7 June 2011, at a price of 1318.24 pence per Share, in London.

8 June 2011

 

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