Burberry Group PLC announced that Ronald Frasch, an Independent Non-Executive Director, purchased 3,100 Ordinary Shares of 0.05 pence each in the company on July 16, 2024, at an aggregate price of 933.32 cents per Share. This transaction was disclosed in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 as it forms part of UK law.
The notification of dealing form revealed that the purchase was made on the OTC Exchange, with an aggregated total of USD 28,932.92. The disclosure included details of the person discharging managerial responsibilities, the reason for the notification, and the nature of the transaction.
This announcement provides insight into the shareholding activity of a key director within Burberry Group PLC, offering transparency and compliance with market regulations.