Level 2

Company Announcements

Director/PDMR Shareholding

By LSE RNS

RNS Number : 4730S
Berkeley Group Holdings (The) PLC
02 October 2017
 

2 October 2017

The Berkeley Group Holdings plc

(the "Company")

 

Transactions of persons discharging managerial responsibilities

 

Directors' Shareholdings

 

On 2 October 2017, 13.4% of the options to acquire Shares granted under the 2011 LTIP vested.

The Company was notified on 2 October 2017 that the Directors detailed below had exercised their options to acquire Shares at an option exercise price of £8.63 per Share.  The Company was also notified on 2 October 2017 that The Berkeley Group Holdings plc Employee Benefit Trust (the "EBT") had transferred Shares to those Directors net of the option exercise price and employee's income tax and national insurance contributions as detailed in the below table. 

Vesting of 2011 LTIP

 

Name of Director

Number of Shares received following exercise of Option

Percentage of Issued Share Capital

Total Holding following Notification (1)

Percentage of Issued Share Capital held following Notification

A W Pidgley

a) 117,772

a) 0.09%

a) 4,866,728 (beneficial)

b) 545,368 (Mrs S J Pidgley)

c) 19,183   (non-beneficial)

a) 3.59%

b) 0.40%

c) 0.01%

 

R C Perrins

a) 78,024

a) 0.06%

a) 1,259,072 (R C Perrins)

b) 521,086 (Mrs V W Perrins)

 

a) 0.93%

b) 0.38%

 

R J Stearn

a) 28,371

a) 0.02%

a) 75,090 (R J Stearn)

b) 66,947 (Mrs J P Stearn)

a) 0.06%

b) 0.05%

 

S Ellis

a) 53,198

a) 0.04%

a) 5,319 (S Ellis)

b) 338,030 (Mrs K Ellis)

 

a) 0.00%

b) 0.25%

 

K Whiteman

 

a) 28,371

a) 0.02%

a) 185,713 (K Whiteman)

b) 90,258 (Mrs M Whiteman)

a) 0.14%

b) 0.07%

 

 

1.       S Ellis transferred 47,879 of the resultant Shares to his spouse, Mrs K Ellis. 

 

2.       Vested options can be exercised up to and including 4 September 2026 subject to the rules of the 2011 LTIP.

 

The Company was also notified on 2 October 2017 that, in accordance with the rules of the 2011 LTIP permitting 10% of Shares acquired on exercise of options to be sold each year, three Directors had sold Shares following the exercise of their options as specified in the table below.   The Shares were sold on 2 October 2017 at a price of £37.597866 per Share.

 

Name of Director

Number of Shares sold

Percentage of Issued Share Capital

Total Holding following Notification

Percentage of Issued Share Capital held following Notification

S Ellis

a) 5,319

a) 0.00%

a) 0 (S Ellis)

b) 338,030 (Mrs K Ellis)

a) 0.00%

b) 0.25%

R J Stearn

a) 2,837

a) 0.00%

a) 72,253 (R Stearn)

b) 66,947 (Mrs J P Stearn)

a)  0.05%

b)  0.05%

K Whiteman

a) 2,837

a) 0.00%

a) 182,876 (K Whiteman)

b) 90,258 (Mrs M Whiteman)

a) 0.14%

b) 0.07%

 

 

 

 

Sale of Shares by a Director and a Person Closely Associated with a Director of the Company

 

The Company was also notified that on 2 October 2017 the following transactions were undertaken by Mrs K Ellis, a Person Closely Associated ("PCA") with Mr S Ellis, a Director of the Company and by Mr R J Stearn, a Director of the Company.  These Shares were owned prior to today's vesting under the 2011 LTIP and are free of any sale restrictions.

 

Name of Director / PCA

Number of Shares sold

Percentage of Issued Share Capital

Total Holding following Notification

Percentage of Issued Share Capital held following Notification

a) S Ellis

b) Mrs K Ellis

a) 0

b) 26,703

a) 0

b) 0.02%

a) 0

b) 311,327 (Mrs K Ellis)

a) 0.00%

b) 0.23%

R J Stearn

a) 10,030

a) 0.001%

a) 62,223 (R Stearn)

b) 66,947 (Mrs J P Stearn)

a)   0.05%

b)  0.05%

 

The Shares were sold on 2 October 2017 at £37.54104 per Share.

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

For further information please contact:

 

Novella Communications                                                

Tim Robertson                                                              

T: 020 3151 7008

 

Gemma Parsons

Company Secretary

The Berkeley Group Holdings plc

Tel: 01932 868555

 

LEI:      2138009OQSSLVVHQAL78

 

 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Anthony Pidgley

2.

Reason for the notification

b)

Position / status

Chairman

c)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Berkeley Group Holdings plc

b)

LEI

2138009OQSSLVVHQAL78

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 5p each


ISIN: GB00B02L3W35

b)

Nature of the transaction(s)

Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £8.63 per Ordinary Share and employee's income tax and national insurance contributions.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

117,772

d)

Aggregated information

-     Aggregated volume

-     Price

n/a single transaction

 

e)

Date of the transaction

2017-10-02

f)

Place of the transaction

Outside a trading venue

 



 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Robert Perrins

2.

Reason for the notification

b)

Position / status

Chief Executive

c)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Berkeley Group Holdings plc

b)

LEI

2138009OQSSLVVHQAL78

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 5p each


ISIN: GB00B02L3W35

b)

Nature of the transaction(s)

Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £8.63 per Ordinary Share and employee's income tax and national insurance contributions.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

78,024

d)

Aggregated information

-     Aggregated volume

-     Price

n/a single transaction

 

e)

Date of the transaction

2017-10-02

f)

Place of the transaction

Outside a trading venue

 

 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Stearn

2.

Reason for the notification

b)

Position / status

Group Finance Director

c)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Berkeley Group Holdings plc

b)

LEI

2138009OQSSLVVHQAL78

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 5p each


ISIN: GB00B02L3W35

b)

Nature of the transaction(s)

1. Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £8.63 per Ordinary Share and employee's income tax and national insurance contributions.

2. Sale of Ordinary Shares

3. Sale of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.  Nil

2.  £37.597866

3.  £37.54104

1.   28,371

2.   2,837

3.   10,030

d)

Aggregated information

-     Aggregated volume

-     Price

 

12,867
£37.554

e)

Date of the transaction

2017-10-02

f)

Place of the transaction

1. Outside a trading venue

2. London Stock Exchange, Main Market (XLON)

3. London Stock Exchange, Main Market (XLON)

 



 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mr Sean Ellis

2.

Reason for the notification

b)

Position / status

Divisional Executive Director

c)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Berkeley Group Holdings plc

b)

LEI

2138009OQSSLVVHQAL78

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 5p each


ISIN: GB00B02L3W35

b)

Nature of the transaction(s)

1.   Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £8.63 per Ordinary Share and employee's income tax and national insurance contributions.

2.   Sale of Ordinary Shares

3.   Transfer of Ordinary Shares to Mrs Karen Ellis.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1. nil

2. £37.597866

3. nil

1.  53,198

2.   5,319

3.   47,879

d)

Aggregated information

-     Aggregated volume

-     Price

n/a single transaction

 

e)

Date of the transaction

2017-10-02

f)

Place of the transaction

1.   Outside a trading venue

2.   London Stock Exchange, Main Market (XLON)

3.   Outside a trading venue

 



 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Karen Ellis

2.

Reason for the notification

b)

Position / status

Person closely associated to Sean Ellis, Divisional Executive Director

c)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Berkeley Group Holdings plc

b)

LEI

2138009OQSSLVVHQAL78

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 5p each


ISIN: GB00B02L3W35

b)

Nature of the transaction(s)

1. Sale of Ordinary Shares

2. Acquisition of Ordinary Shares transferred from Mr Sean Ellis.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1. £37.54104

2. nil

1.  26,703

2.   47,879

d)

Aggregated information

-     Aggregated volume

-     Price

n/a single transaction

 

e)

Date of the transaction

2017-10-02

f)

Place of the transaction

1.   London Stock Exchange, Main Market (XLON)

2.   Outside a trading venue

 



 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Karl Whiteman

2.

Reason for the notification

b)

Position / status

Divisional Executive Director

c)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Berkeley Group Holdings plc

b)

LEI

2138009OQSSLVVHQAL78

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 5p each


ISIN: GB00B02L3W35

b)

Nature of the transaction(s)

1. Exercise of options over Ordinary Shares of 5p each which vested under The Berkeley Group Holdings plc 2011 Long Term Incentive Plan resulting in the acquisition of Ordinary Shares net of the exercise price of £8.63 per Ordinary Share and employee's income tax and national insurance contributions.

2. Sale of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1. Nil

2.  £37.597866

1.  28,371

2.  2,837

d)

Aggregated information

-     Aggregated volume

-     Price

n/a single transaction

 

e)

Date of the transaction

2017-10-02

f)

Place of the transaction

1.   Outside a trading venue

2.   London Stock Exchange, Main Market (XLON)

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHFSIFIEFWSEIS

Top of Page