10 February 2023
The Berkeley Group Holdings plc
(the "Company")
Grant of awards to Directors/PDMRs under
The Berkeley Group Holdings plc 2022 Long-Term Option Plan
&
The Berkeley Group Holdings plc 2022 Restricted Share Plan
Following the approval of The Berkeley Group Holdings plc 2022 Long-Term Option Plan and The Berkeley Group Holdings plc 2022 Restricted Share Plan (together the "Share Plans") at the Company's Annual General Meeting on 6 September 2022, the Company hereby announces the grant of awards to directors under the Share Plans.
The Berkeley Group Holdings plc 2022 Long-Term Option Plan ("LTOP")
Under the LTOP a limited number of eligible employees have been granted options ("Options") over ordinary shares in the Company of 5.4141p each ("Shares"), subject to continued employment. The Company announces that the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") of the Company have been granted Options:
|
Name of Director/PDMR |
Number of Shares subject to Award |
|
R C Perrins |
1,000,000 |
|
R J Stearn |
350,000 |
|
K Whiteman |
350,000 |
|
J Tibaldi |
350,000 |
|
P Vallone |
350,000 |
The options were granted on 9 February 2023 and will vest over five equal tranches as set out in the table below:
|
Tranche |
Proportion of Options vesting |
Vesting date |
Exercise price per Share* |
|
1 |
20% |
30 September 2026 |
£48.50 |
|
2 |
20% |
30 September 2027 |
£51.00 |
|
3 |
20% |
30 September 2028 |
£53.50 |
|
4 |
20% |
30 September 2029 |
£56.00 |
|
5 |
20% |
30 September 2030 |
£58.50 |
Tranches 1 and 2 are subject to a holding period beginning on the vesting date and ending 9 February 2028.
* In each case, the exercise price per Share will be reduced by an amount equal to all dividends or other distributions to shareholders (other than in relation to buy-backs) paid from the date of grant to the date of exercise.
The Berkeley Group Holdings plc 2022 Restricted Share Plan ("RSP")
The Company announces that the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") of the Company have been granted awards ("Awards") under the RSP:
|
Name of Director/PDMR |
Number of Shares subject to Award |
Vesting date |
|
R C Perrins |
24,407 |
9 February 2027 |
|
R J Stearn |
14,192 |
9 February 2027 |
|
K Whiteman |
13,631 |
9 February 2027 |
|
J Tibaldi |
13,631 |
9 February 2027 |
|
P Vallone |
13,631 |
9 February 2027 |
The Awards were granted on 9 February 2023 and entitle each individual to acquire Shares up to the maximum number set out above, subject to continued employment and two underpins being:
· the Company's average return on equity over the four financial years commencing with the financial year ending 30 April 2023 being at least 15% on an annualised basis; and,
· an additional discretionary underpin pursuant to which the Remuneration Committee of the Company may reduce the level of vesting by up to 20% to reflect what it considers to be unsatisfactory progress over the performance period against the strategic and ESG priorities set out in Our Vision 2030.
The Awards are also subject to a holding period ending on the first anniversary of the vesting date.
Enquiries:
|
Ann Dibben Company Secretary The Berkeley Group Holdings plc |
Tel: 01932 868555 |
|
|
|
|
Tim Robertson Novella Communications |
Tel: 020 3151 7008 |
|
|
|
LEI: 2138009OQSSLVVHQAL78
Notification of Dealing Form:
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 associate |
|||||||
|
a)
|
Name
|
Robert Perrins |
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|
2 |
Reason for the notification |
|||||||
|
a)
|
Position/status
|
Chief Executive
|
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|
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
|
Ordinary Shares of 5.4141p each |
||||||
|
Identification code |
ISIN: GB00BLJNXL82 |
|||||||
|
|
|
|||||||
|
b)
|
Nature of the transaction
|
Grant of share awards under: a) The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and, b) The Berkeley Group Holdings plc 2022 Restricted Share Plan. |
||||||
|
c)
|
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated Information
Volume
Price |
|
||||||
|
e) |
Date of transaction |
9 February 2023 |
||||||
|
f) |
Place of 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 associate |
|||||||
|
a)
|
Name
|
Richard Stearn |
||||||
|
2 |
Reason for the notification |
|||||||
|
a)
|
Position/status
|
Group Finance Director
|
||||||
|
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
|
Ordinary Shares of 5.4141p each |
||||||
|
Identification code |
ISIN: GB00BLJNXL82 |
|||||||
|
|
|
|||||||
|
b)
|
Nature of the transaction
|
Grant of share awards under: a) The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and, b) The Berkeley Group Holdings plc 2022 Restricted Share Plan. |
||||||
|
c)
|
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated Information
Volume
Price |
|
||||||
|
e) |
Date of transaction |
9 February 2023 |
||||||
|
f) |
Place of 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 associate |
|||||||
|
a)
|
Name
|
Karl Whiteman |
||||||
|
2 |
Reason for the notification |
|||||||
|
a)
|
Position/status
|
Divisional Executive Director
|
||||||
|
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
|
Ordinary Shares of 5.4141p each |
||||||
|
Identification code |
ISIN: GB00BLJNXL82 |
|||||||
|
|
|
|||||||
|
b)
|
Nature of the transaction
|
Grant of share awards under: a) The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and, b) The Berkeley Group Holdings plc 2022 Restricted Share Plan. |
||||||
|
c)
|
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated Information
Volume
Price |
|
||||||
|
e) |
Date of transaction |
9 February 2023 |
||||||
|
f) |
Place of 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 associate |
|||||||
|
a)
|
Name
|
Justin Tibaldi |
||||||
|
2 |
Reason for the notification |
|||||||
|
a)
|
Position/status
|
Divisional Executive Director
|
||||||
|
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
|
Ordinary Shares of 5.4141p each |
||||||
|
Identification code |
ISIN: GB00BLJNXL82 |
|||||||
|
|
|
|||||||
|
b)
|
Nature of the transaction
|
Grant of share awards under: a) The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and, b) The Berkeley Group Holdings plc 2022 Restricted Share Plan. |
||||||
|
c)
|
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated Information
Volume
Price |
|
||||||
|
e) |
Date of transaction |
9 February 2023 |
||||||
|
f) |
Place of 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 associate |
|||||||
|
a)
|
Name
|
Paul Vallone |
||||||
|
2 |
Reason for the notification |
|||||||
|
a)
|
Position/status
|
Divisional Executive Director
|
||||||
|
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
|
Ordinary Shares of 5.4141p each |
||||||
|
Identification code |
ISIN: GB00BLJNXL82 |
|||||||
|
|
|
|||||||
|
b)
|
Nature of the transaction
|
Grant of share awards under: a) The Berkeley Group Holdings plc 2022 Long-Term Option Plan; and, b) The Berkeley Group Holdings plc 2022 Restricted Share Plan. |
||||||
|
c)
|
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated Information
Volume
Price |
|
||||||
|
e) |
Date of transaction |
9 February 2023 |
||||||
|
f) |
Place of transaction |
Outside a trading venue |
||||||
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