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Burberry Group PLC
Remuneration Information • Jul 27, 2023
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 4791H
Burberry Group PLC
27 July 2023
Burberry Group plc (the "Company") - Director/PDMR Shareholdings
Grant of awards under the Burberry Group plc Burberry Share Plan 2020 ( the "BSP")
The Company announces that conditional share awards over Ordinary Shares of 0.05p each ("Shares") in the Company were granted on 27 July 2023 (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 2182.17 pence being the average share price for the period 24 to 26 July 2023 (the three business days prior to the Grant Date).
1. Executive Directors and PDMRs:
| Number of Shares | ||
| Jonathan Akeroyd | Chief Executive Officer | 84,780 |
| Kate Ferry | Chief Financial Officer | 46,398 |
The conditional share awards will vest on 27 July 2026, three years following the Grant Date, but will be subject to a two-year holding period so that the total time before any sale of shares (except to cover any tax liabilities arising from the award on vesting) is five years for the entire 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 and sustainability strategies. The performance underpins will be tested at the vesting date. If the Company does not meet one or more of the performance underpins over the 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 2022/23 Directors' Remuneration Report.
2. PDMR
| Number of Shares | ||
| Gianluca Flore | Chief Commercial Officer | 24,306 |
The conditional share award granted to the PDMR will vest in full on 27 July 2026, subject to his continued employment.
27 July 2023
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.
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
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) |
| £ 21.8217 | 84,780 |
d)
Aggregated information
- Aggregated volume
- Price
| Aggregate Price | Aggregate Volume | Aggregate Total |
| £21.8217 | 84,780 | £1,850,043.73 |
e)
Date of the transaction
2023-07-27
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Kate Ferry
2
Reason for the notification
a)
Position/status
Chief 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) |
| £21.8217 | 46,398 |
d)
Aggregated information
- Aggregated volume
- Price
| Aggregate Price | Aggregate Volume | Aggregate Total |
| £21.8217 | 46,398 | £1,012,483.24 |
e)
Date of the transaction
2023-07-27
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
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) |
| £21.8217 | 24,306 |
d)
Aggregated information
- Aggregated volume
- Price
| Aggregate Price | Aggregate Volume | Aggregate Total |
| £21.8217 | 24,306 | £530,398.24 |
e)
Date of the transaction
2023-07-27
f)
Place of the transaction
Outside a trading venue
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