TIDMBRBY

RNS Number : 5635Y

Burberry Group PLC

03 January 2024

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 GBP13.6407 per Share, to fund the tax and fees arising from the vesting and acquisition, as set out below.

 
 Director    Number of          Number of       Number of Shares 
              Shares acquired    Shares sold     retained 
                                 to cover tax 
                                 and fees 
 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

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                       Jonathan Akeroyd 
     -------------------------  ---------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------- 
 a)   Position/status            Chief Executive Officer 
     -------------------------  ---------------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
     -------------------------  ---------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                       Burberry Group plc 
     -------------------------  ---------------------------------------------- 
 b)   LEI                        213800PE1KEFCNFR1R50 
     -------------------------  ---------------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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             Ordinary shares of 0.05 pence each ("Shares") 
       the financial 
       instrument, type 
       of instrument              GB0031743007 
       Identification 
       code 
     -------------------------  ---------------------------------------------- 
 b)   Nature of the              Acquisition of shares following the vesting 
       transaction                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)       Price(s)    Volume(s) 
                                    GBPNil      53,278 
                                               ---------- 
     -------------------------  ---------------------------------------------- 
 d)   Aggregated information       Aggregate   Aggregate   Aggregate 
                                     Price       Volume      Total 
       - Aggregated volume          GBPNil      53,278      GBPNil 
                                               ----------  ---------- 
       - Price 
     -------------------------  ---------------------------------------------- 
 e)   Date of the transaction    2024-01-03 
     -------------------------  ---------------------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  ---------------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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             Ordinary shares of 0.05 pence each ("Shares") 
       the financial 
       instrument, type 
       of instrument              GB0031743007 
       Identification 
       code 
     -------------------------  ---------------------------------------------- 
 b)   Nature of the              Sale of Shares 
       transaction 
     -------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)      Volume(s) 
                                    GBP13.6407    25,111 
                                                 ---------- 
     -------------------------  ---------------------------------------------- 
 d)   Aggregated information       Aggregate    Aggregate   Aggregate 
                                     Price        Volume      Total 
       - Aggregated volume          GBP13.6407   25,111      GBP342,531.62 
                                                ----------  -------------- 
       - Price 
     -------------------------  ---------------------------------------------- 
 e)   Date of the transaction    2024-01-03 
     -------------------------  ---------------------------------------------- 
 f)   Place of the transaction   London Stock Exchange (XLON) 
     -------------------------  ---------------------------------------------- 
 

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END

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January 03, 2024 10:08 ET (15:08 GMT)

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