Burberry Group PLC Director/PDMR Shareholding (8328W)
August 21 2020 - 4:00AM
UK Regulatory
TIDMBRBY
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 Initial notification
/Amendment
------------------------- ----------------------------------------------
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 Ordinary shares of 0.05 pence each
the financial
instrument, type
of instrument GB0031743007
Identification
code
--------------------------- --------------------------------------------
b) Nature of the Grant of a conditional share award under
transaction the Burberry Group plc Burberry Share
Plan 2020
--------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP14.2408 120,077
----------
--------------------------- --------------------------------------------
d) Aggregated information Aggregate Aggregate Aggregate
Price Volume Total
- Aggregated volume GBP14.2408 120,077 GBP1,709,992.54
---------- ----------------
- Price
--------------------------- --------------------------------------------
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 Initial notification
/Amendment
------------------------- ----------------------------------------------
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 Ordinary shares of 0.05 pence each
the financial
instrument, type
of instrument GB0031743007
Identification
code
--------------------------- --------------------------------------------
b) Nature of the Grant of a conditional share award under
transaction the Burberry Group plc Burberry Share
Plan 2020
--------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP14.2408 71,323
----------
--------------------------- --------------------------------------------
d) Aggregated information Aggregate Aggregate Aggregate
Price Volume Total
- Aggregated volume GBP14.2408 71,323 GBP1,015,696.58
---------- ----------------
- Price
--------------------------- --------------------------------------------
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 Initial notification
/Amendment
------------------------- --------------------------------------------
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 Ordinary shares of 0.05 pence each
the financial
instrument, type
of instrument GB0031743007
Identification
code
--------------------------- ------------------------------------------
b) Nature of the Grant of a conditional share award under
transaction the Burberry Group plc Burberry Share
Plan 2020
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP14.2408 27,968
----------
--------------------------- ------------------------------------------
d) Aggregated information Aggregate Aggregate Aggregate
Price Volume Total
- Aggregated volume GBP14.2408 27,968 GBP398,286.69
---------- --------------
- Price
--------------------------- ------------------------------------------
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 Initial notification
/Amendment
------------------------- --------------------------------------------
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 Ordinary shares of 0.05 pence each
the financial
instrument, type
of instrument GB0031743007
Identification
code
--------------------------- ------------------------------------------
b) Nature of the Grant of a conditional share award under
transaction the Burberry Group plc Burberry Share
Plan 2020
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP14.2408 49,944
----------
--------------------------- ------------------------------------------
d) Aggregated information Aggregate Aggregate Aggregate
Price Volume Total
- Aggregated volume GBP14.2408 49,944 GBP711,242.52
---------- --------------
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 2020-08-20
--------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
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END
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