Burberry Group plc (the "Company") - Director/PDMR Shareholdings
The Company received notification on 13 August 2021 that Marco Gobbetti, a director and person discharging managerial responsibilities ("PDMR"), exercised nil cost options over 53,829 ordinary shares of 0.05 pence each ("Shares") granted to him on 30 January 2017 under the Company's Executive Share Plan 2014 ("ESP"), 4,744 Shares granted to him on 31 July 2018 under the ESP and 34,696 Shares granted to him as an exceptional award on 8 February 2018 (the "Exceptional Award" and together the "Exercises"). As announced by the Company on 9 February 2018, the Exceptional Award was granted as part of the buy-out of incentives forfeited by Mr Gobbetti on leaving his previous employer, as agreed by the Remuneration Committee and announced by the Company on 11 July 2016.
Following the Exercises, and on the same day, Marco subsequently sold 16,371 of the newly acquired Shares, at a price of £21.342553 per Share and 27,628 of the newly acquired Shares at a price of £21.283218 per Share, to fund the tax and fees arising from the Exercises, as set out below.
| Director | Number of Shares acquired | Number of Shares sold to cover tax and fees | Number of Shares retained |
| Marco Gobbetti | 93,269 | 43,999 | 49,270 |
16 August 2021
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 | 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 ("Shares")
GB0031743007 | ||||||||||
| b) | Nature of the transaction | Exercise of option granted on 30 January 2017 under the Executive Share Plan 2014 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 | 2021-08-13 | ||||||||||
| 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 | Exercise of option granted on 31 July 2018 under the Executive Share Plan 2014 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 | 2021-08-13 | ||||||||||
| 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 | Exercise of option granted on 8 February 2018 as an exceptional award in connection with recruitment to the role of Chief Executive Officer and subsequent acquisition of shares | ||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||
| d) | Aggregated information
- Aggregated volume
- Price
|
| ||||||||||
| e) | Date of the transaction | 2021-08-13 | ||||||||||
| 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 | 2021-08-13
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| f) | Place of the transaction | London Stock Exchange (XLON) | ||||||||||
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