Burberry Group PLC Director/PDMR Shareholding
20 Diciembre 2024 - 9:33AM
RNS Regulatory News
RNS Number : 9968Q
Burberry Group PLC
20 December 2024
Burberry Group plc (the "Company") -
Director/PDMR Shareholdings
As announced on 15 July 2024, as
part of his appointment, Joshua Schulman, Chief Executive Officer
(the "CEO") of the Company, is to receive a recruitment share award
over Ordinary Shares of 0.05p each ("Shares") in the Company.
Accordingly, the Company announces that a conditional share award
was granted on 19 December 2024 to Joshua Schulman as detailed
below (the "Recruitment Award"):
|
Director
|
Number of Shares subject to Recruitment
Award
|
Award type
|
Vesting date
|
Terms
|
|
Joshua Schulman
|
392,366
|
Performance-based award
|
17 July 2027
|
Bespoke award in reliance on FCA
Listing Rule 9.3.2(2) to facilitate recruitment, on terms similar
to Burberry Share Plan 2020 awards.
|
The number of Shares comprised in
the Recruitment Award was determined by reference to the Company's
share price using the 20-business day average prior to the date of
Joshua's appointment (917.51p). The Recruitment Award is subject to
the achievement of performance conditions linked to the Company's
absolute Total Shareholder Return (TSR) and a two-year post-vesting
holding period.
Vesting will be subject to the
following vesting profile:
|
|
% of award
vesting
(rounded down to nearest
whole Share)
|
Absolute
TSR
|
|
Threshold
|
25%
|
+49%
|
|
Maximum
|
100%
|
+109%
|
The Recruitment Award has been made
in line with the Company's Directors' Remuneration Policy, which is
set out in full in the FY 2022/23 Directors' Remuneration
Report.
Full details of the Recruitment
Award, including further details of the performance conditions and
information as required by FCA Listing Rule 9.3.3, will be set out
in the Company's FY 2024/25 Directors' Remuneration
Report.
20 December 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
|
Joshua Schulman
|
|
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
|
Grant of a conditional award over
Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
392,366
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Aggregate Price
|
Aggregate Volume
|
Aggregate
Total
|
|
Nil
|
392,366
|
Nil
|
|
|
e)
|
Date of the transaction
|
2024-12-19
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
|
|
| |
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END
DSHFLFFEFALIFIS
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