Director/PDMR Shareholding

RNS Number : 5818J

Burberry Group PLC

13 June 2014

 



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 12 June 2014 of changes in the interests of directors and persons discharging managerial responsibilities ("PDMR") in the Ordinary Shares of 0.05p each in the Company, as set out below.

1.   In accordance with the rules of the Burberry Group plc Co-Investment Plan (the "CIP"), the directors and PDMRs named below have opted to invest their bonus for the year ended 31 March 2014 (after deduction of tax and NI as applicable) in ordinary shares in the Company of 0.05p each ("Shares") and have subsequently been granted nil cost options and awards over Shares ("2014 Matching Shares").

Following the purchases set out below, the grant of nil cost options and awards of 2014 Matching Shares were made on 12 June 2014 under the CIP as follows:

Directors	Number of Shares acquired	Contingent interests in Matching Shares
Christopher Bailey	55,447	147,491
Carol Fairweather	15,310	30,545
John Smith	21,737	43,367
PDMRs	Number of Shares acquired	Contingent interests in Matching Shares
Jan Heppe	10,692	17,712
Andrew Maag	34,024	90,506
Pascal Perrier	72,162	101,735

Shares were purchased on behalf of directors and PDMRs in London on 11 June 2014 at a price of 1461.77 pence per share.

The 2014 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 2014 Matching Shares will be forfeited.

2.   In accordance with the rules of the CIP, on 11 June 2014 directors and PDMRs exercised nil cost options and received awards under the CIP granted on 7 June 2011 ("2011 Matching Shares") as follows:

Directors	Number of Shares received	Number of Shares sold (including to cover tax liabilities)
Carol Fairweather	20,898	20,898
PDMRs	Number of Shares received	Number of Shares sold (including to cover tax liabilities)
Jan Heppe	18,585	7,450
Andrew Maag	85,299	85,299
Pascal Perrier	108,441	108,441

The 2011 Matching Shares were sold on behalf of the directors and PDMRs in London on 11 June 2014 at a price of 1461.77 pence per share.

3.   In accordance with the rules of the Burberry Senior Executive Restricted Share Plan 2004 (the "RSP"), on 12 June 2014 the directors and PDMRs named below were granted nil-cost options or rights over Shares:

Directors	Number of Shares
Christopher Bailey	74,610
Carol Fairweather	50,870
John Smith	40,154
PDMRs	Number of Shares
Jan Heppe	26,227
Andrew Maag	52,430
Pascal Perrier	48,903

50% of each award will vest on the third anniversary of grant, 25% on the fourth and 25% on the fifth, subject to the achievement of performance conditions.

4.   In accordance with the rules of the RSP, on 11 June 2014 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	1 June 2009	10,000	10,000
	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	1 June 2009	6,250	2,505
	10 June 2010	6,525	2,615
Andrew Maag	1 June 2009	43,750	43,750
	10 June 2010	13,050	13,050
Pascal Perrier	1 June 2009	50,000	50,000
	10 June 2010	12,723	12,723

Shares were sold in London on 11 June 2014 at a price of 1461.77 pence per share.

5.   On 12 June 2014, Christopher Bailey was granted a nil cost option over 500,000 Ordinary Shares of 0.05p each in the Company. 25% will vest on 31 July 2017, 25% on 31 July 2018 and 50% on 31 July 2019, but only if strategic and financial objectives linked to the long term growth of the Company have been met.

6.   Andrew Maag sold 20,329 Shares on 11 June 2014 at a price of 1461.77 pence per share.

7.   Pascal Perrier sold 50,289 Shares on 11 June 2014 at a price of 1461.77 pence per share.

13 June 2014

 

END

 

 

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