RNS Number : 4791HBurberry Group PLC27 July 2023

Burberry Group plc (the "Company") - Director/PDMR Shareholdings

Grant of awards under the Burberry Group plc Burberry Share Plan 2020 ( the "BSP")

The Company announces that conditional share awards over Ordinary Shares of 0.05p each ("Shares") in the Company were granted on 27 July 2023 (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 2182.17 pence being the average share price for the period 24 to 26 July 2023 (the three business days prior to the Grant Date).

1.    Executive Directors and PDMRs:

Number of Shares

Jonathan Akeroyd

Chief Executive Officer

84,780

Kate Ferry

Chief Financial Officer

46,398

The conditional share awards will vest on 27 July 2026, three years following the Grant Date, but will be subject to a two-year holding period so that the total time before any sale of shares (except to cover any tax liabilities arising from the award on vesting) is five years for the entire 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 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 2022/23 Directors' Remuneration Report.

2.    PDMR

Number of Shares

Gianluca Flore

Chief Commercial Officer

24,306

The conditional share award granted to the PDMR will vest in full on 27 July 2026, subject to his continued employment.

27 July 2023

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

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

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)

Price(s)

Volume(s)

£ 21.8217

84,780

d)

Aggregated information

- Aggregated volume

- Price

Aggregate Price

Aggregate Volume

Aggregate

Total

£21.8217

84,780

£1,850,043.73

e)

Date of the transaction

 2023-07-27

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)

Price(s)

Volume(s)

£21.8217

46,398

d)

Aggregated information

- Aggregated volume

- Price

Aggregate Price

Aggregate Volume

Aggregate

Total

£21.8217

46,398

£1,012,483.24

e)

Date of the transaction

 2023-07-27

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

Chief Commercial 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)

Price(s)

Volume(s)

£21.8217

24,306

d)

Aggregated information

- Aggregated volume

- Price

Aggregate Price

Aggregate Volume

Aggregate

Total

£21.8217

24,306

£530,398.24

e)

Date of the transaction

2023-07-27

f)

Place of the transaction

Outside a trading venue
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