Last checked at 15 Jun 2022 16:28
Burberry Group plc
(the "Company")
Director/PDMR Shareholding
On 15 June 2022, the Company was notified of the following transactions by Directors/persons discharging managerial responsibilities ("PDMR"):
Jonathan Akeroyd, Chief Executive Officer and a director of the Company, received 71,106 ordinary shares of 0.05p each in the Company ("Shares") following the vesting of an 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. This award was bespoke and granted in reliance on FCA Listing Rule 9.4.2(2) to facilitate recruitment, on terms similar to Burberry Share Plan 2020 awards.
Following this vesting and acquisition, on the same day, Jonathan Akeroyd subsequently sold a total of 34,395 of the newly acquired Shares, at a price of £16.176762 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 | 71,106 | 34,395 | 36,711 |
15 June 2022
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 | Vesting of conditional share award granted on 15 March 2022 in reliance on FCA Listing Rule 9.4.2(2) and subsequent acquisition 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 | 2022-06-15 | |||||||
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 | 2022-06-15
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f) | Place of the transaction | London Stock Exchange (XLON) | |||||||