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Burberry Group PLC (BRBY)

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Friday 21 August, 2020

Burberry Group PLC

Director/PDMR Shareholding

RNS Number : 8328W
Burberry Group PLC
21 August 2020
 

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

 

 

Grant of awards under the Burberry Group plc Burberry Share Plan 2020 ("BSP")

 

The Company announces that conditional share awards over Ordinary Shares of 0.05p each ("Shares") in the Company were granted on 20 August 2020 (the "Grant Date") to the following Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") in accordance with the rules of the BSP. The conditional share awards were granted using a share price of 1424.08 pence being the average share price for the period 17 August to 19 August 2020 (the three days prior to the Grant Date).

 

1.  Executive Directors:

 

Executive Directors and PDMRs

 

Number of Shares

Marco Gobbetti

Chief Executive Officer

120,077

Julie Brown

Chief Operating and Financial Officer

71,323

 

The conditional share awards were granted following approval of the BSP by shareholders at the Annual General Meeting of the Company on 15 July 2020 and will vest in equal tranches after three, four and five years following the date of the award, subject to a holding period to the fifth anniversary of award. 

 

The awards will be subject to continued employment and performance underpins based on three key areas: Revenue, Group Return on Invested Capital and brand value and sustainability.  The performance underpins will be tested at each vesting date. If the Company does not meet one or more of the performance underpins over the relevant vesting period then the Remuneration Committee would consider whether it was appropriate to scale back the level of pay-out under the award to reflect this.  For further information please consult our FY 2019/20 Directors' Remuneration Report.

 

2.  PDMRs

 

PDMRs

 

Number of Shares

Gianluca Flore

President of Americas & Global Retail Excellence

27,968

Gavin Haig

Chief Commercial Officer

49,944

 

The conditional share awards granted to PDMRs will vest in full on 23 July 2023, subject to their continued employment.

 

 

21 August 2020

 

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Marco Gobbetti

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

 

 

GB0031743007

b)

Nature of the transaction

Grant of a conditional share award under the Burberry Group plc Burberry Share Plan 2020

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£14.2408

120,077

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Aggregate Price

Aggregate Volume

Aggregate

Total

£14.2408

120,077

£1,709,992.54

 

e)

Date of the transaction

2020-08-20

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Julie Brown

2

Reason for the notification

a)

Position/status

Chief Operating and Financial 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

 

 

GB0031743007

b)

Nature of the transaction

Grant of a conditional share award under the Burberry Group plc Burberry Share Plan 2020

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£14.2408

71,323

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Aggregate Price

Aggregate Volume

Aggregate

Total

£14.2408

71,323

£1,015,696.58

 

e)

Date of the transaction

2020-08-20

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gianluca Flore

2

Reason for the notification

a)

Position/status

President of Americas & Global Retail Excellence

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

 

 

GB0031743007

b)

Nature of the transaction

Grant of a conditional share award under the Burberry Group plc Burberry Share Plan 2020

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£14.2408

27,968

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Aggregate Price

Aggregate Volume

Aggregate

Total

£14.2408

27,968

£398,286.69

 

e)

Date of the transaction

2020-08-20

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gavin Haig

2

Reason for the notification

a)

Position/status

Chief Commercial 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

 

 

GB0031743007

b)

Nature of the transaction

Grant of a conditional share award under the Burberry Group plc Burberry Share Plan 2020

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£14.2408

49,944

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Aggregate Price

Aggregate Volume

Aggregate

Total

£14.2408

49,944

£711,242.52

 

e)

Date of the transaction

2020-08-20

f)

Place of the transaction

Outside a trading venue

    

 

 

 

 


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