Director/PDMR Shareholding

RNS Number : 5678P

Berkeley Group Holdings (The) PLC

10 February 2023

 

10 February 2023

The Berkeley Group Holdings plc

(the "Company")

Grant of awards to Directors/PDMRs under

The Berkeley Group Holdings plc 2022 Long-Term Option Plan

&

The Berkeley Group Holdings plc 2022 Restricted Share Plan

Following the approval of The Berkeley Group Holdings plc 2022 Long-Term Option Plan and T he Berkeley Group Holdings plc 2022 Restricted Share Plan (together the "Share Plans") at the Company's Annual General Meeting on 6 September 2022,the Company hereby announces the grant of awards to directors under the Share Plans.

The Berkeley Group Holdings plc 2022 Long-Term Option Plan ("LTOP")

Under the LTOP a limited number of eligible employees have been granted options ("Options") over ordinary shares in the Company of 5.4141p each ("Shares"), subject to continued employment.  The Company announces that the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") of the Company have been granted Options:

Name of Director/PDMR	Number of Shares subject to Award
R C Perrins	1,000,000
R J Stearn	350,000
K Whiteman	350,000
J Tibaldi	350,000
P Vallone	350,000

The options were granted on 9 February 2023 and will vest over five equal tranches as set out in the table below:

Tranche	Proportion of Options vesting	Vesting date	Exercise price per Share*
1	20%	30 September 2026	£48.50
2	20%	30 September 2027	£51.00
3	20%	30 September 2028	£53.50
4	20%	30 September 2029	£56.00
5	20%	30 September 2030	£58.50

Tranches 1 and 2 are subject to a holding period beginning on the vesting date and ending 9 February 2028.

* In each case, the exercise price per Share will be reduced by an amount equal to all dividends or other distributions to shareholders (other than in relation to buy-backs) paid from the date of grant to the date of exercise.

The Berkeley Group Holdings plc 2022 Restricted Share Plan ("RSP")

The Company announces that the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") of the Company have been granted awards ("Awards") under the RSP:

Name of Director/PDMR	Number of Shares subject to Award	Vesting date
R C Perrins	24,407	9 February 2027
R J Stearn	14,192	9 February 2027
K Whiteman	13,631	9 February 2027
J Tibaldi	13,631	9 February 2027
P Vallone	13,631	9 February 2027

The Awards were granted on 9 February 2023 and entitle each individual to acquire Shares up to the maximum number set out above, subject to continued employment and two underpins being:

· the Company's average return on equity over the four financial years commencing with the financial year ending 30 April 2023 being at least 15% on an annualised basis; and,

· an additional discretionary underpin pursuant to which the Remuneration Committee of the Company may reduce the level of vesting by up to 20% to reflect what it considers to be unsatisfactory progress over the performance period against the strategic and ESG priorities set out in Our Vision 2030.

The Awards are also subject to a holding period ending on the first anniversary of the vesting date.

Enquiries:

Ann Dibben Company Secretary The Berkeley Group Holdings plc	Tel: [phone]
Tim Robertson Novella Communications	Tel: [phone]

LEI:  2138009OQSSLVVHQAL78

Notification of Dealing Form:

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

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	Robert Perrins
2	Reason for the notification
a)	Position/status	Chief Executive
b)	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	Ordinary Shares of 5.4141p each
	Identification code	ISIN: GB00BLJNXL82
b)	Nature of the transaction	Grant of share awards under: a)  The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and, b)  The Berkeley Group Holdings plc 2022 Restricted Share Plan.
c)	Price(s) and volume(s)	Price per share Volume a)  £48.50 £51.00 £53.50 £56.00 £58.50 b)  Nil 200,000 200,000 200,000 200,000 200,000 24,407
d)	Aggregated Information Volume Price	Price Aggregate volume Aggregate total N/A N/A N/A
e)	Date of transaction	9 February 2023
f)	Place of transaction	Outside a trading venue

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

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	Richard Stearn
2	Reason for the notification
a)	Position/status	Group Finance Director
b)	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	Ordinary Shares of 5.4141p each
	Identification code	ISIN: GB00BLJNXL82
b)	Nature of the transaction	Grant of share awards under: a)  The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and, b)  The Berkeley Group Holdings plc 2022 Restricted Share Plan.
c)	Price(s) and volume(s)	Price per share Volume a)  £48.50 £51.00 £53.50 £56.00 £58.50 b)  Nil 70,000 70,000 70,000 70,000 70,000 14,192
d)	Aggregated Information Volume Price	Price Aggregate volume Aggregate total N/A N/A N/A
e)	Date of transaction	9 February 2023
f)	Place of transaction	Outside a trading venue

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

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	Karl Whiteman
2	Reason for the notification
a)	Position/status	Divisional Executive Director
b)	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	Ordinary Shares of 5.4141p each
	Identification code	ISIN: GB00BLJNXL82
b)	Nature of the transaction	Grant of share awards under: a)  The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and, b)  The Berkeley Group Holdings plc 2022 Restricted Share Plan.
c)	Price(s) and volume(s)	Price per share Volume a)  £48.50 £51.00 £53.50 £56.00 £58.50 b)  Nil 70,000 70,000 70,000 70,000 70,000 13,631
d)	Aggregated Information Volume Price	Price Aggregate volume Aggregate total N/A N/A N/A
e)	Date of transaction	9 February 2023
f)	Place of transaction	Outside a trading venue

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

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	Justin Tibaldi
2	Reason for the notification
a)	Position/status	Divisional Executive Director
b)	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	Ordinary Shares of 5.4141p each
	Identification code	ISIN: GB00BLJNXL82
b)	Nature of the transaction	Grant of share awards under: a)  The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and, b)  The Berkeley Group Holdings plc 2022 Restricted Share Plan.
c)	Price(s) and volume(s)	Price per share Volume a)  £48.50 £51.00 £53.50 £56.00 £58.50 b)  Nil 70,000 70,000 70,000 70,000 70,000 13,631
d)	Aggregated Information Volume Price	Price Aggregate volume Aggregate total N/A N/A N/A
e)	Date of transaction	9 February 2023
f)	Place of transaction	Outside a trading venue

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

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	Paul Vallone
2	Reason for the notification
a)	Position/status	Divisional Executive Director
b)	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	Ordinary Shares of 5.4141p each
	Identification code	ISIN: GB00BLJNXL82
b)	Nature of the transaction	Grant of share awards under: a)  The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and, b)  The Berkeley Group Holdings plc 2022 Restricted Share Plan.
c)	Price(s) and volume(s)	Price per share Volume a)  £48.50 £51.00 £53.50 £56.00 £58.50 b)  Nil 70,000 70,000 70,000 70,000 70,000 13,631
d)	Aggregated Information Volume Price	Price Aggregate volume Aggregate total N/A N/A N/A
e)	Date of transaction	9 February 2023
f)	Place of transaction	Outside a trading venue

 

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