Burberry Group PLC Director/PDMR Shareholding
June 17 2024 - 11:36AM
RNS Regulatory News
RNS Number : 7705S
Burberry Group PLC
17 June 2024
Burberry Group plc (the "Company") - Director/PDMR
Shareholdings
The Company has today been notified
of the following transactions by a Director/person discharging
managerial responsibilities ("PDMR"):
On 17 June 2024, Jonathan
Akeroyd, Chief Executive Officer and a director of the
Company, received 24,643 ordinary shares of 0.05p each in the
Company ("Shares") following the vesting of a conditional 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. On vesting of the award, Mr
Akeroyd also received 2,736 dividend equivalent Shares giving a
total number of Shares acquired of 27,379. This award was granted
under the rules of the Burberry Share Plan 2020.
Following this acquisition, on 17
June 2024, Mr Akeroyd subsequently sold a total of 12,911
of the newly acquired Shares, at a price of £9.741411 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
|
27,379
|
12,911
|
14,468
|
17 June 2024
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
|
Acquisition of Shares following the
vesting of a conditional share award over 24,643 Shares granted on
15 March 2022 under the rules of the Burberry Share Plan 2020, plus
2,736 dividend equivalent Shares.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£Nil
|
27,379
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Aggregate Price
|
Aggregate Volume
|
Aggregate
Total
|
£Nil
|
27,379
|
£Nil
|
|
e)
|
Date of the transaction
|
2024-06-17
|
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)
|
£9.741411
|
12,911
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Aggregate Price
|
Aggregate Volume
|
Aggregate
Total
|
£9.741411
|
12,911
|
£125,771.36
|
|
e)
|
Date of the transaction
|
2024-06-17
|
f)
|
Place of the transaction
|
London Stock Exchange
(XLON)
|
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