Burberry Group plc (the "Company") - Director/PDMR Shareholdings
As announced on 20 October 2021, as part of his appointment, Jonathan Akeroyd, Chief Executive Officer of the Company, is to receive share awards to compensate for incentives from his former employer that he forfeited on joining the Company. Accordingly, the Company announces that conditional share awards over Ordinary Shares of 0.05p each ("Shares") in the Company were granted on 15 March 2022 to Jonathan Akeroyd, as detailed below (the "Buy-Out Awards"):
| Director | Number of Shares subject to award | Award type | Vesting date | Terms |
| Jonathan Akeroyd | 101,377 | Performance-based award | 30 June 2022 | Bespoke award in reliance on FCA Listing Rule 9.4.2(2) to facilitate recruitment, on terms similar to Burberry Share Plan 2020 awards. |
| 71,106 | Time-based award | 15 June 2022 | ||
| 79,439 | 15 June 2023 | Burberry Share Plan 2020 | ||
| 49,291 | 3 January 2024 | |||
| 24,643 | 15 June 2024 |
The number of Shares comprised in the Buy-out Awards was determined by reference to the Company's share price at the time of Jonathan's appointment. The Buy-Out Awards are subject to continued employment, and in respect of the performance-based award, a performance condition relating to the performance of Jonathan's former employer, Capri Holdings Limited.
All Buy-out Awards have been made in line with the Company's Remuneration Policy, which is set out in full in the FY 2019/20 Directors' Remuneration Report.
Full details of the Buy-Out Awards, including details of the performance condition and information as required by FCA Listing Rule 9.4.3, will be set out in the Company's FY 2021/22 Directors' Remuneration Report.
15 March 2022
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 | Jonathan Akeroyd | |||||||||||||
| 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) |
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| d) | Aggregated information
- Aggregated volume
- Price
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| e) | Date of the transaction | 2022-03-15 | |||||||||||||
| f) | Place of the transaction | Outside a trading venue | |||||||||||||
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