BKG.L

Berkeley Group Holdings Plc
Berkeley Group Hldgs - Director/PDMR Shareholding
1st October 2024, 06:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 3407G
Berkeley Group Holdings (The) PLC
01 October 2024
 

1 October 2024

The Berkeley Group Holdings plc

(the Company)

 

Transactions of persons discharging managerial responsibilities

 

Directors' Beneficial Shareholdings

 

On 30 September 2024, options to acquire Shares granted under the 2011 LTIP vested.

The Company was notified on 30 September 2024 that the Directors detailed below had exercised their options to acquire Shares at an option exercise price of £5.303 per Share. The Company was also notified on 30 September 2024 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 table below.

Vesting of 2011 LTIP

 

Name of Director

Number of Shares received following exercise of Option

Percentage of Issued Share Capital

Total Beneficial Holding following Notification

Percentage of Issued Share Capital held beneficially following Notification

R C Perrins

a) 81,108[1]

a) 0.0794%

a) 739,784 (R C Perrins)

b) 409,981 (Mrs V W Perrins)

a) 0.7241%

b) 0.4013%

R J Stearn

a) 31,0542

a) 0.0304%

a) 138,431 (R J Stearn)

b) 122,921 (Mrs J P Stearn)

a) 0.1355%

b) 0.1203%

 

[1] R C Perrins subsequently transferred 81,108 of the Shares to his spouse, Mrs V W Perrins.

 

2 R J Stearn subsequently transferred 27,949 of the resultant Shares to his spouse, Mrs J P Stearn.

 

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 30 September 2024 that, in accordance with the rules of the 2011 LTIP permitting 10% of Shares acquired on exercise of options to be sold each year, one Director had sold Shares following the exercise of their options as specified in the table below. The Shares were sold on 30 September 2024 at a price of £47.198178 per Share.

 

Name of Director

Number of Shares sold

Percentage of Issued Share Capital

Total Beneficial Holding following Notification

Percentage of Issued Share Capital beneficially held following Notification

R J Stearn

a) 3,105

a) 0.0030%

a) 135,326 (R J Stearn)

b) 122,921 (Mrs J P Stearn)

a) 0.1325%

b) 0.1203%

 

Sale of Shares by a Director of the Company

 

The Company was also notified that on 30 September 2024 the following transaction was undertaken by one 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) R J Stearn

b) J P Stearn

a) 17,000

b) 25,000

a) 0.0166%

b) 0.0245%

a) 118,326 (R J Stearn)

b) 97,921 (Mrs J P Stearn)

a) 0.1158%

b) 0.0958%

 

The Shares were sold on 30 September 2024 at £47.4845 per Share.

The information set out above is provided in accordance with the requirements of Article 19(3) of the UK Market Abuse Regulation.

 

For further information please contact:

 

Novella Communications

Tim Robertson

T: 020 3151 7008

 

Victoria Mee

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 UK Market Abuse Regulation

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Robert Perrins

2.

Reason for the notification

a)

Position / status

Chief Executive

b)

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 5.6110477936 pence each


ISIN: GB00BP0RGD03

b)

Nature of the transaction(s)

1.   Exercise of options over Ordinary Shares of 5.6110477936 pence 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 £5.303 per Ordinary Share and employee's income tax and national insurance contributions.

 

2.   Transfer of Ordinary Shares of 5.6110477936 pence to spouse, Mrs Vanessa Perrins.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.         Nil

2.   Nil

1.   81,108

2.   81,108

d)

Aggregated information

-     Aggregated volume

-     Price

n/a single transaction

e)

Date of the transaction

2024-09-30

f)

Place of the transaction

Outside a trading venue

 

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

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mrs Vanessa Wendy Perrins

2.

Reason for the notification

a)

Position / status

Person Closely Associated with Robert Perrins, Chief Executive

b)

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 5.6110477936 pence each


ISIN: GB00BP0RGD03

b)

Nature of the transaction(s)

Acquisition of 81,108 Ordinary Shares of 5.6110477936 pence from Mr R C G Perrins, Person Closely Associated.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

81,108

d)

Aggregated information

-     Aggregated volume

-     Price

n/a single transaction

e)

Date of the transaction

2024-09-30

f)

Place of the transaction

Outside a trading venue

 

 

 

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

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Stearn

2.

Reason for the notification

a)

Position / status

Chief Financial Officer

b)

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 5.6110477936 pence each


ISIN: GB00BP0RGD03

b)

Nature of the transaction(s)

1.   Exercise of options over Ordinary Shares of 5.6110477936 pence 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 £5.303 per Ordinary Share and employee's income tax and national insurance contributions.

 

2.   Sale of Ordinary Shares by Mr Richard Stearn

 

3.   Transfer of Ordinary Shares of 5.6110477936 pence each to spouse, Mrs Jennifer Stearn.

 

4.   Sale of Ordinary Shares by Mr Richard Stearn

 

5.   Sale of Ordinary Shares by Mrs Jennifer Stearn

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.   Nil

2.   £47.198178

3.   Nil

4.   £47.4845

5.   £47.4845

1.   31,054

2.   3,105

3.   27,949

4.   17,000

5.   25,000

d)

Aggregated information

-     Aggregated volume

-     Price

 

2, 4 and 5:

45,105
£47.464790

e)

Date of the transaction

2024-09-30

f)

Place of the transaction

1.   Outside a trading venue

2.   London Stock Exchange, Main Market (XLON)

3.   Outside a trading venue

4.   London Stock Exchange, Main Market (XLON)

5.   London Stock Exchange, Main Market (XLON)

 

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

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mrs Jennifer Patricia Stearn

2.

Reason for the notification

a)

Position / status

Person Closely Associated with Richard Stearn, Chief Financial Officer

b)

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 5.6110477936 pence each


ISIN: GB00BP0RGD03

b)

Nature of the transaction(s)

1.   Acquisition of 27,949 Ordinary Shares of 5.6110477936 pence from Mr Richard J Stearn, Person Closely Associated.

 

2.   Sale of Ordinary Shares by Mrs Jennifer P Stearn.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.   Nil

2.   £47.4845

1.   27,949

2.   25,000

d)

Aggregated information

-     Aggregated volume

-     Price

1.   n/a single transaction

2.   :

25,000

£47.4845

e)

Date of the transaction

2024-09-30

f)

Place of the transaction

1.   Outside a trading venue

2.   London Stock Exchange, Main Market (XLON)

 

 


 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHBIGDCCBXDGSG]]>
TwitterFacebookLinkedIn