BURBERRY GROUP PLC Released :23/07/2015 12:38:04
Burberry Group plc (the 'Company') - Director/PDMR Shareholdings
The notifications listed below were received under Paragraph 3.1.2 of the Disclosure and Transparency Rules.
The Company announces that it was notified on 22 July 2015 of changes in the interests of directors and persons discharging managerial responsibilities ('PDMR') in the Ordinary Shares of 0.05p each in the Company ('Shares'), as set out below.
1. In accordance with the rules of the Burberry Group plc Executive Share Plan (the 'ESP'), on 22 July 2015 the directors and PDMRs named below were granted nil-cost options or conditional awards over Shares:
Directors | Number of Shares |
Christopher Bailey | 241,581 |
Carol Fairweather | 78,435 |
John Smith | 92,867 |
PDMRs | Number of Shares |
Jan Heppe | 50,675 |
Andrew Maag | 145,513 |
Pascal Perrier | 135,724 |
50% of each award will vest on the third anniversary of grant, and 50% on the fourth anniversary of grant, subject to the achievement of performance conditions.
2. In accordance with the rules of the Burberry Senior Executive Restricted Share Plan 2004 (the 'RSP'), on 21 July 2015 the following directors and PDMRs exercised options or received awards as set out below:
Directors | Date of grant | Number of shares received | Number of shares sold (including to cover tax liabilities) |
Carol Fairweather | 25 June 2008 | 6,250 | 6,250 |
10 June 2010 | 6,525 | 6,525 | |
PDMRs | Date of grant | Number of shares received | Number of shares sold (including to cover tax liabilities) |
Jan Heppe | 20 June 2011 | 4,144 | 4,144 |
Andrew Maag | 10 June 2010 | 13,050 | 13,050 |
Shares were sold on behalf of the directors and PDMRsin London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53pence per share.
3. In accordance with the rules of the Burberry Group plc Co-Investment Plan (the 'CIP'), on 21 July 2015 directors and PDMRs exercised nil cost options and received awards under the CIP granted on 18 July 2012 as follows:
Directors | Number of Shares received | Number of Shares sold (including to cover tax liabilities) |
Christopher Bailey | 235,151 | 110,992 |
Carol Fairweather | 24,134 | 24,134 |
PDMRs | Number of Shares received | Number of Shares sold (including to cover tax liabilities) |
Jan Heppe | 7,414 | 7,414 |
Andrew Maag | 77,476 | 77,476 |
Pascal Perrier | 98,317 | 98,317 |
Shares were sold on behalf of the directors and PDMRsin London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53pence per share.
4. On 21 July 2015, Christopher Bailey exercised a nil-cost option over 350,000 Shares granted on 8 December 2010 as follows:
Directors | Number of Shares received | Number of Shares sold to cover tax liabilities |
Christopher Bailey | 350,000 | 165,200 |
Shares were sold on behalf of Christopher Baileyin London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53pence per share.
5. John Smith purchased 11,938 Shares in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53 pence per share.
6. Christopher Bailey sold 61,721 Shares in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53 pence per share.
7. Pascal Perrier sold 24,205 Shares in London between 21 July and 22 July 2015 pursuant to a trading plan, entered into on 20 July 2015, at a price of 1585.53 pence per share.
Following the above transactions, the directors and PDMRs will hold the following Shares:
Name | Number of Shares |
Christopher Bailey | 552,000 |
Carol Fairweather | 67,963 |
John Smith | 36,235 |
Jan Heppe | 116,938 |
Andrew Maag | 80,157 |
Pascal Perrier | 113,225 |
23 July 2015
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