Burberry Group PLC announced that Alan Stewart, a Non-Executive Director, has purchased 124 Ordinary Shares at a price of 743.1758 pence per Share. This purchase followed the reinvestment of the Company's Final Dividend for the 52 weeks to 30 March 2024, which was paid to shareholders on 2 August 2024. The transaction was disclosed in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 as part of UK law.
The details of the transaction include the nature of the purchase, the price per share, the volume of shares, and the total cost. The transaction took place on 5 August 2024 at the London Stock Exchange (XLON). The total cost of the shares purchased by Alan Stewart amounted to £921.54.
This announcement provides insight into the investment activities of a key figure within Burberry Group PLC, shedding light on the confidence and commitment of the Company's leadership in its future prospects.