Burberry Group plc
Director/PDMR Shareholdings
Grant of awards under the Burberry Group plc Burberry Share Plan 2020 ( the "BSP")
Burberry Group plc (the "Company") announces that conditional share awards over Ordinary Shares of 0.05 pence each ("Shares") in the Company were granted on 30 July 2024 (the "Grant Date") to the following Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") in accordance with the rules of the BSP.
Executive Directors and PDMRs:
|
|
| Number of Shares |
| Joshua Schulman | Chief Executive Officer | 212,531 |
| Kate Ferry | Chief Financial Officer | 110,353 |
In recognition of recent share price volatility, especially following the announcement on 15 July 2024 of the Company's first quarter trading update, the conditional share awards have been calculated using a share price of 917.51 pence, being the average share price for the 20 business days prior to the announcement on 15 July 2024.
The conditional share awards will vest on 30 July 2027, three years following the Grant Date, but will be subject to a two-year holding period so that the minimum time before any sale of shares (except to cover any tax liabilities arising from the award on vesting) is five years.
The awards will be subject to continued employment and performance underpins based on three key areas: Revenue, Group Return on Invested Capital and brand and sustainability strategies. The performance underpins will be tested at the vesting date. If the Company does not meet one or more of the performance underpins over the 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 2023/24 Directors' Remuneration Report.
31 July 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.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||
| a) | Name | Joshua Schulman | |||||||
| 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) |
| |||||||
| d) | Aggregated information
- Aggregated volume
- Price
|
| |||||||
| e) | Date of the transaction | 2024-07-30 | |||||||
| f) | Place of the transaction | Outside a trading venue | |||||||
| | | | | ||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||
| a) | Name | Kate Ferry | |||||||
| 2 | Reason for the notification | ||||||||
| a) | Position/status | Chief 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) |
| |||||||
| d) | Aggregated information
- Aggregated volume
- Price
|
| |||||||
| e) | Date of the transaction | 2024-07-30 | |||||||
| f) | Place of the transaction | Outside a trading venue | |||||||
| | | | | ||||||
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