Director/PDMR Shareholding

RNS Number : 4188V

Berkeley Group Holdings (The) PLC

15 April 2016

 

The Berkeley Group Holdings plc

Total Voting Rights

Further to the announcement made by The Berkeley Group Holdings plc (the "Company") on 22 March 2016, an additional 1,600,000 ordinary shares of 5p each ("shares") were admitted to trading on 24 March 2016 (the "Admission") into The Berkeley Group Holdings plc Employee Benefit Trust (the "EBT"). The Company now has a total of 138,257,183 shares in issue and admitted to trading, with one voting right per share. There are no shares held in Treasury.

The total number of voting shares in the Company is therefore 138,257,183. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure and Transparency Rules.

Of the new shares issued to the EBT, 1,362,095 have been utilised to satisfy options vested under the 2009B LTIP, net of the exercise price of £3.06/share and tax and NI. The treatment of 2009 Part B awards is governed by the rules of the plan, as approved by shareholders at the 2009 EGM and the amendments approved by shareholders at the 2011 and 2014 AGMs.

Director Shareholding

The Company was notified on 15 April 2016 that, under The Berkeley Group Holdings plc 2009B Long-Term Incentive Plan (the "2009B LTIP"), the EBT issued shares to those participants of the 2009B LTIP who were Directors on 15 April 2016 as detailed in the table below:

Vesting of 2009B LTIP

Name of Director	Number of shares issued	Percentage of Issued Share Capital		Total Holding following Notification	Percentage of Issued Share Capital held following Notification
A W Pidgley	a) 370,085	a) 0.27%	a) 6,463,855                                 (beneficial) b) 19,183    (non-beneficial)			a) 4.68% b) 0.01%
R C Perrins	a) 178,314	a) 0.13%	a) 1,181,048    (R C Perrins) b) 495,550    (Mrs V W Perrins)			a) 0.85% b) 0.36%
S Ellis	a) 41,606	a) 0.03%	a) -    (S Ellis) b) 113,659    (Mrs K Ellis)			a) - b) 0.08%
G J Fry	a) 118,875	a) 0.09%	a) 1,376,327			a) 1.00%
K Whiteman	a) 59,437	a) 0.04%	a) 62,745    (K Whiteman) b) 90,258     (Mrs M Whiteman)			a) 0.05% b) 0.07%

Director Sale of Shares

Notification made in accordance with Disclosure rule 3.1.4R(1) of the Disclosure Rules.

The Company was notified on 15 April 2016 of the following transaction in the Ordinary Shares of 5 pence each in the Company by a Director.

Shares were sold on 15 April 2016 at £28.86 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
G J Fry	a) 25,000	a) 0.02%	a) 1,351,327	a) 0.98%

Holding(s) in Company

Following the Admission on 24 March 2016, The Berkeley Group Holdings plc Employee Benefit Trust's (the "EBT") direct interest in the Company's shares was 1,700,156 shares, representing 1.23% of the Total Voting Rights.

Following the vesting and issue of shares noted above, the EBT's direct interest in the Company's shares decreased to 338,061, representing 0.24% of the Total Voting Rights.

Director Award

On 15 April 2016, Richard Stearn was granted 250,000 options under The Berkeley Group Holdings plc 2011 Long-Term Incentive Plan (as approved by shareholders at the 2011 AGM and amended at the 2012 AGM and 2016 GM) (the "2011 LTIP"). The options granted are subject to the same performance conditions and other terms as apply to all participants granted awards under the 2011 LTIP. The grant of options has been made following the first anniversary of the commencement of Richard Stearn's employment with the Company, in fulfilment of obligations made to him by the Company, and in accordance with Berkeley's recruitment policy. Full details of Richard Stearn's remuneration on appointment have been previously disclosed in the Company's 2015 Remuneration Committee Report.  

This announcement has been released pursuant to DTR 3.1.4, DTR 5.6.1 and DTR 5.8.12.

15 April 2016

For further information please contact:

Novella Communications                                                

Tim Robertson                                                              

T: 020 3151 7008

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