Last checked at 3 Jan 2024 15:08
Burberry Group plc (the "Company") - Director/PDMR Shareholdings
The Company has today been notified of the following transactions by Directors/persons discharging managerial responsibilities ("PDMR"):
Jonathan Akeroyd, Chief Executive Officer and a director of the Company, received 49,291 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 3,987 dividend equivalent Shares giving a total number of Shares acquired of 53,278. This award was granted under the rules of the Burberry Share Plan 2020.
Following this vesting and acquisition, on the same day, Jonathan Akeroyd subsequently sold a total of 25,111 of the newly acquired Shares, at a price of £13.6407 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 | 53,278 | 25,111 | 28,167 |
3 January 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 49,291 Shares granted on 15 March 2022 under the rules of the Burberry Share Plan 2020, plus 3,987 dividend equivalent Shares. | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
- Aggregated volume
- Price
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e) | Date of the transaction | 2024-01-03 | ||||||
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) |
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d) | Aggregated information
- Aggregated volume
- Price
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e) | Date of the transaction | 2024-01-03
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f) | Place of the transaction | London Stock Exchange (XLON) | ||||||