16th Dec 2005 16:20
Burberry Group PLC16 December 2005 16 December 2005 Burberry Group plc ("the Company") announces the following changes in theinterests of the directors of the Company listed in the table below ("the Table"). These changes have arisen in connection with the dividend in speciefrom London on 13 December 2005 by GUS plc ("GUS") to effect the demerger of theGUS group's interest in the Company ("the Demerger") and the subsequenttransactions detailed in paragraphs (i) to (iii) below. 1. 2. 3. 4. 5. Director Class of shares Number of Ordinary Number of shares Current holdings Shares held prior acquired through of Ordinary Shares to the dividend in the dividend in (including holding specie specie of spouse) John Peace1 Ordinary Shares 50,000 153,963 155,738 Preference Shares* n/a 791,476 n/a David Tyler2 Ordinary Shares 16,000 95,610 48,664 Preference Shares* n/a 491,500 n/a Philip Bowman3 Ordinary Shares 20,000 9,150 29,150 Preference Shares* n/a 47,037 n/a Rose Marie Bravo4 Ordinary Shares 50,000 3,050 53,050 Preference Shares* n/a 15,679 n/a (1) Prior to completion occurring under the Demerger, John Peace held thenumber of Burberry ordinary shares of 0.05p each ("Ordinary Shares") set outalong side his name in column 3 of the Table. As John Peace also holds GUSordinary shares ("GUS Shares"), he received through the dividend in specie byGUS the number of Ordinary Shares and a beneficial interest in the number ofPreference Shares* set out along side his name in column 4 of the Table. Afterthe transfer referred to in paragraph (i) below, John Peace now has an interestin the number of Ordinary Shares set out along side his name in column 5 of theTable. (2) Prior to completion occurring under the Demerger, David Tyler heldthe number of Ordinary Shares set out along side his name in column 3 of theTable. As David Tyler also holds GUS Shares, he received through the dividendin specie by GUS the number of Ordinary Shares and a beneficial interest in thenumber of Preference Shares* set out along side his name in column 4 of theTable. After the transfers referred to in paragraphs (ii) and (iii) below,David Tyler now has an interest in the number of Ordinary Shares set out alongside his name in column 5 of the Table. (3) Prior to completion occurring under the Demerger, Philip Bowman heldthe number of Ordinary Shares set out along side his name in column 3 of theTable. As Philip Bowman also holds GUS Shares, he received through the dividendin specie by GUS the number of Ordinary Shares and a beneficial interest in thenumber of Preference Shares* set out along side his name in column 4 of theTable. Philip Bowman now has an interest in the number of Ordinary Shares setout along side his name in column 5 of the Table. (4) Prior to completion occurring under the Demerger, Rose Marie Bravoheld the number of Ordinary Shares set out along side her name in column 3 ofthe Table. As Rose Marie Bravo also holds GUS Shares, she received through thedividend in specie by GUS the number of Ordinary Shares and a beneficialinterest in the number of Preference Shares* set out along side her name incolumn 4 of the Table. Rose Marie Bravo now has an interest in the number ofOrdinary Shares set out along side her name in column 5 of the Table. The Company has also received notification on 15 December 2005: (i) that, on 13 December 2005, John Peace sold on the LondonStock Exchange 48,225 Ordinary Shares at a price of 418.0354 pence per OrdinaryShare; (ii) that, on 14 December 2005, David Tyler transferred in London48,664 Ordinary Shares to his wife, Sharon Tyler, for no consideration; and (iii) that, on that day, David Tyler sold on the London StockExchange 62,946 Ordinary Shares at a price of 401.7736 pence per Ordinary Share. This notification is made in fulfilment of the Company's obligations underDisclosure Rule 3.1.4. * In connection with the Demerger, the Company entered into a repurchasecontract on 12 December 2005 with the trustee of the Preference Shares (as baretrustee for the GUS shareholders on the relevant record date) under which theCompany has the right to repurchase the Preference Shares from the trustee for£1 (since it would be impractical to distribute the small value of those sharesamong GUS shareholders). The Company intends to exercise this right ofrepurchase by 13 January 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Burberry