Burberry Group PLC

Remuneration Information • Feb 9, 2018

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RNS Number : 4506E

Burberry Group PLC

09 February 2018

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

The Company announces that it received notification on 8 February 2018 of changes in the interests of Marco Gobbetti, Chief Executive Officer and a director of the Company, in the Ordinary Shares of 0.05p each in the Company ("Shares"), as set out below.

As set out in the market announcement of 11 July 2016, the Remuneration Committee agreed to buy out awards forfeited by Mr Gobbetti on leaving his previous employer.

Mr Gobbetti has been granted two awards over Shares - the first award is over 227,627 Shares with a grant value of €4m ("Award 1") and the second is over 51,785 Shares with a grant value of €910,000 ("Award 2)".

Award 1 vested in full immediately, and Award 2 vested 33% immediately, and will vest 33% in October 2018, 17% in October 2019 and 17% in October 2020.  The second portion of Award 2 will vest subject to continued employment only.  Following shareholder feedback, the vesting of the third and fourth portions are now also subject to the original LVMH performance conditions being satisfied, as well as subject to continued employment.  Both of these awards have been made in the form of nil-cost options, including, in relation to Award 2, entitlements to dividend equivalents.

The Company announces that, on 8 February 2018, Mr Gobbetti exercised in full 100% of Award 1 and the 33% of Award 2 which vested immediately and acquired 244,716 Shares.  Following this exercise, and on the same day, a total of 115,239 of these newly acquired Shares were automatically sold on Mr Gobbetti's behalf, at a price of £15.465 per Share, to fund the tax and social security liabilities arising on the exercise.

9 February 2018 

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 nil-cost options over 279,412 shares in connection with recruitment to the role of Chief Executive Officer

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	279,412

d)

Aggregated information

- Aggregated volume

- Price

Aggregate Price	Aggregate Volume	Aggregate Total
Nil	279,412	N/A

e)

Date of the transaction

2018-02-08

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

GB0031743007

b)

Nature of the transaction

Exercise of nil-cost options and subsequent acquisition of 244,716 shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	244,716

d)

Aggregated information

- Aggregated volume

- Price

Aggregate Price	Aggregate Volume	Aggregate Total
Nil	244,716	N/A

e)

Date of the transaction

2018-02-08

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

GB0031743007

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£15.465	115,239

d)

Aggregated information

- Aggregated volume

- Price

Aggregate Price	Aggregate Volume	Aggregate Total
£15.465	115,239	£1,782,171.14

e)

Date of the transaction

2018-02-08

f)

Place of the transaction

XLON

This information is provided by RNS

The company news service from the London Stock Exchange

END

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