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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