Director Shareholding
26 6월 2003 - 3:38AM
UK Regulatory
RNS Number:7922M
Burberry Group PLC
25 June 2003
The following is an extract of the announcement made by GUS plc on Monday, 23
June 2003:
"GUS plc
("THE COMPANY")
DIRECTORS' INTERESTS IN CONNECTION WITH
THE GUS PLC CO-INVESTMENT PLAN
BURBERRY
In accordance with the terms of The GUS plc Co-Investment Plan, the following
directors of the Company have opted to defer receipt of their bonus for the year
ended 31 March 2003 and to invest it in Ordinary shares of 25p in the Company.
The resulting increases in their interests in GUS shares and in their contingent
interests in matching shares awarded in connection with this plan are as
follows:
Name of director Number of Ordinary shares Contingent interests in
matching shares
Now Held after this Now arising in Held after
acquired on acquisition respect of this
behalf of director matching
director award
John Peace 57,778 154,148 195,858 383,758
David Tyler 33,778 153,466 114,501 224,109
The purchase of the shares acquired on behalf of the directors was made on 20
June 2003 at a price of 663.7453p per share; the award of the matching shares
was made on 20 June 2003 by reference to a price of 663.7453p per share. The
release of these shares is deferred for three years and if the director resigns
during the three-year period he will forfeit the right to the matching shares.
Following this notification, there are contingent awards held by directors under
the terms of The GUS plc Co-Investment Plan in respect of 975,216 Ordinary
shares of 25p in the Company."
Accordingly, Burberry Group plc ("Burberry") wishes to announce changes in the
interests of two of its directors namely, John Peace and David Tyler, in the
Ordinary shares of the GUS group, the majority shareholder of Burberry.
Burberry was notified by GUS plc of the changes in the above interests on 24
June 2003.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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