Burberry Group PLC

Remuneration Information • Aug 21, 2020

National Storage Mechanism | Additional information

RNS Number : 8328W

Burberry Group PLC

21 August 2020

Burberry Group plc (the "Company") - Director/PDMR Shareholdings

Grant of awards under the Burberry Group plc Burberry Share Plan 2020 ("BSP")

The Company announces that conditional share awards over Ordinary Shares of 0.05p each ("Shares") in the Company were granted on 20 August 2020 (the "Grant Date") to the following Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") in accordance with the rules of the BSP. The conditional share awards were granted using a share price of 1424.08 pence being the average share price for the period 17 August to 19 August 2020 (the three days prior to the Grant Date).

1.    Executive Directors:

Executive Directors and PDMRs		Number of Shares
Marco Gobbetti	Chief Executive Officer	120,077
Julie Brown	Chief Operating and Financial Officer	71,323

The conditional share awards were granted following approval of the BSP by shareholders at the Annual General Meeting of the Company on 15 July 2020 and will vest in equal tranches after three, four and five years following the date of the award, subject to a holding period to the fifth anniversary of award. 

The awards will be subject to continued employment and performance underpins based on three key areas: Revenue, Group Return on Invested Capital and brand value and sustainability.  The performance underpins will be tested at each vesting date. If the Company does not meet one or more of the performance underpins over the relevant vesting period then the Remuneration Committee would consider whether it was appropriate to scale back the level of pay-out under the award to reflect this.  For further information please consult our FY 2019/20 Directors' Remuneration Report.

2.    PDMRs

PDMRs		Number of Shares
Gianluca Flore	President of Americas & Global Retail Excellence	27,968
Gavin Haig	Chief Commercial Officer	49,944

The conditional share awards granted to PDMRs will vest in full on 23 July 2023, subject to their continued employment.

21 August 2020

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

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

GB0031743007

b)

Nature of the transaction

Grant of a conditional share award under the Burberry Group plc Burberry Share Plan 2020

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£14.2408	120,077

d)

Aggregated information

- Aggregated volume

- Price

Aggregate Price	Aggregate Volume	Aggregate Total
£14.2408	120,077	£1,709,992.54

e)

Date of the transaction

2020-08-20

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Julie Brown

2

Reason for the notification

a)

Position/status

Chief Operating and Financial 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

GB0031743007

b)

Nature of the transaction

Grant of a conditional share award under the Burberry Group plc Burberry Share Plan 2020

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£14.2408	71,323

d)

Aggregated information

- Aggregated volume

- Price

Aggregate Price	Aggregate Volume	Aggregate Total
£14.2408	71,323	£1,015,696.58

e)

Date of the transaction

2020-08-20

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gianluca Flore

2

Reason for the notification

a)

Position/status

President of Americas & Global Retail Excellence

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

GB0031743007

b)

Nature of the transaction

Grant of a conditional share award under the Burberry Group plc Burberry Share Plan 2020

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£14.2408	27,968

d)

Aggregated information

- Aggregated volume

- Price

Aggregate Price	Aggregate Volume	Aggregate Total
£14.2408	27,968	£398,286.69

e)

Date of the transaction

2020-08-20

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gavin Haig

2

Reason for the notification

a)

Position/status

Chief Commercial 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

GB0031743007

b)

Nature of the transaction

Grant of a conditional share award under the Burberry Group plc Burberry Share Plan 2020

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£14.2408	49,944

d)

Aggregated information

- Aggregated volume

- Price

Aggregate Price	Aggregate Volume	Aggregate Total
£14.2408	49,944	£711,242.52

e)

Date of the transaction

2020-08-20

f)

Place of the transaction

Outside a trading venue

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