Last checked at 21 Aug 2020 10:00
Burberry Group plc (the "Company") - Director/PDMR Shareholdings
Grant of awards under the Burberry Group plc Burberry Share Plan 2020 ("BSP")
The Company announces that conditional share awards over Ordinary Shares of 0.05p each ("Shares") in the Company were granted on 20 August 2020 (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 1424.08 pence being the average share price for the period 17 August to 19 August 2020 (the three days prior to the Grant Date).
1. Executive Directors:
Executive Directors and PDMRs |
| Number of Shares |
Marco Gobbetti | Chief Executive Officer | 120,077 |
Julie Brown | Chief Operating and Financial Officer | 71,323 |
The conditional share awards were granted following approval of the BSP by shareholders at the Annual General Meeting of the Company on 15 July 2020 and will vest in equal tranches after three, four and five years following the date of the award, subject to a holding period to the fifth anniversary of 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 value and sustainability. The performance underpins will be tested at each vesting date. If the Company does not meet one or more of the performance underpins over the relevant 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 2019/20 Directors' Remuneration Report.
2. PDMRs
PDMRs |
| Number of Shares |
Gianluca Flore | President of Americas & Global Retail Excellence | 27,968 |
Gavin Haig | Chief Commercial Officer | 49,944 |
The conditional share awards granted to PDMRs will vest in full on 23 July 2023, subject to their continued employment.
21 August 2020
The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||
a) | Name | Marco Gobbetti | |||||||
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) |
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d) | Aggregated information
- Aggregated volume
- Price
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e) | Date of the transaction | 2020-08-20 | |||||||
f) | Place of the transaction | Outside a trading venue | |||||||
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1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||
a) | Name | Julie Brown | |||||||
2 | Reason for the notification | ||||||||
a) | Position/status | Chief Operating and 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) |
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d) | Aggregated information
- Aggregated volume
- Price
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e) | Date of the transaction | 2020-08-20 | |||||||
f) | Place of the transaction | Outside a trading venue | |||||||
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1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||
a) | Name | Gianluca Flore | |||||||
2 | Reason for the notification | ||||||||
a) | Position/status | President of Americas & Global Retail Excellence | |||||||
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) |
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d) | Aggregated information
- Aggregated volume
- Price
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e) | Date of the transaction | 2020-08-20 | |||||||
f) | Place of the transaction | Outside a trading venue | |||||||
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1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||
a) | Name | Gavin Haig | |||||||
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) |
| |||||||
d) | Aggregated information
- Aggregated volume
- Price
|
| |||||||
e) | Date of the transaction | 2020-08-20 | |||||||
f) | Place of the transaction | Outside a trading venue | |||||||