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
| ||||
| 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) |
| ||||
| 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
| ||||
| 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) |
| ||||
| 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
| ||||
| 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) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
2, 4 and 5: 45,105 | ||||
| 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
| ||||
| 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) |
| ||||
| 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) | ||||
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.