21st Dec 2005 12:34
Burberry Group PLC21 December 2005 Burberry Group plc ("the Company")21 December 2005 The Company received the notification copied below on 20 December 2005.Accordingly, the Company wishes to announce changes in the interests of two ofits directors, namely John Peace and David Tyler, in the Ordinary Shares of0.05p each and the Preference Shares of 0.05p each in the Company. The notification relates to transactions effected in London. "20 December 2005 To: The Secretary Burberry Group plc (the "Company") Dear Sir Notice under Sections 324 to 328 of the Companies Act 1985 In fulfilment of the obligations of John Peace and David Tyler respectivelyunder Sections 324 to 328 of the Companies Act 1985, we hereby notify theCompany that, 1. Following payment of (a) the dividend in specie by GUS plc of ordinary shares of 0.05p in the Company (the "Burberry Ordinary Shares") and the subsequent sale of fractional entitlements as a result of the dividend in specie, and (b) the dividend in specie by GUS plc of preference shares of 0.05p in the Company (the "Burberry Preference Shares") to the Law Debenture Trust Corporation plc to hold on trust for the GUS plc shareholders on the register at 13 December 2005 (the "Preference Share Trust"), the GUS plc ESOP Trust (the "Trust") received Burberry Ordinary Shares and abeneficial interest in Burberry Preference Shares. 2. Each of John Peace and David Tyler is a potential beneficiary of the GUS plc ESOP Trust and accordingly any changes in the shareholdings and interests of the Trust are deemed to change their respective interests. Burberry Ordinary Shares 3. We have been advised by Abacus Corporate Trustee Limited ("Abacus") as Trustee of the Trust, of the following movements of interests in Burberry Ordinary Shares; (a) On 13 December 2005, Abacus received a special dividend of 3,952,210 Burberry Ordinary Shares into the Trust. (b) On 13 December 2005, Abacus sold 500,000 Burberry Ordinary Shares in their capacity as Trustee of the Trust at a price of £4.192186 per share. (c) On 14 December 2005, Abacus sold 750,000 Burberry Ordinary Shares in their capacity as Trustees of the Trust at a price of £4.09583 per share. (d) On 15 December 2005, Abacus sold 1,250,000 Burberry Ordinary Shares, in their capacity as Trustee of the Trust at a price of £4.027112 per share. (e) On 16 December 2005, Abacus sold 1,000,000 Burberry Ordinary Shares, in their capacity as Trustee of the Trust at a price of £4.098825 per share. (f) On 19 December 2005, Abacus sold 452,210 Burberry Ordinary Shares in their capacity as Trustee of the Trust at a price of £4.09808369 per share. After these movements of shares on 19 December 2005 the Trust ceased to hold anyBurberry Ordinary Shares. Burberry Preference Shares 4. On 13 December 2005, Abacus received a beneficial interest in 20,317,003 Burberry Preferences Shares." This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Burberry