12th Jan 2006 18:08
Burberry Group PLC12 January 2006 12 January 2006 Burberry Group plc ("the Company") announces the following changes in theinterests of the directors of the Company listed in the table below ("the Table"). Each of the directors has ceased to be interested in the number ofpreference shares of 0.05p each in the capital of the Company ("BurberryPreference shares") set out alongside their name in the second column of thetable. These changes have arisen as a result of the repurchase by the Company of all ofthe Burberry Preference Shares in issue (being 1,600,000,000) from The LawDebenture Trust Corporation p.l.c. on 12 January 2006 in London for £1 inaggregate ("the Repurchase"). The Repurchase was made in connection with thedemerger of the GUS plc group's interest in the Company and pursuant to arepurchase contract dated 12 December 2005 (which was approved by the members ofthe Company at an Extraordinary General Meeting held on the same day). Director Number of Burberry Preference Current interest in Burberry Shares director has ceased to Preference Shares be interested in John Peace 791,476* 0David Tyler 491,500* 0Philip Bowman 47,037 0Rose Marie Bravo 15,679 0 Furthermore, John Peace and David Tyler are potential beneficiaries of the GUSplc ESOP Trust ("the Trust") and accordingly are deemed to have an interest inany Burberry Preference Shares in which the Trust has an interest and anychanges in the interests of the Trust are deemed to change their interests inthe Burberry Preference Shares. John Peace and David Tyler have been advised byAbacus Corporate Trustee Limited ("Abacus") that Abacus, as trustee of theTrust, on 12 January 2006 ceased to be interested in 20,317,003 BurberryPreference Shares as a result of the Repurchase. * Excludes interests arising from being a trustee of the Trust This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Burberry