Grants under 2008 Unapproved Share Option Scheme

RNS Number : 0056D

Mulberry Group PLC

01 July 2016

 

Mulberry Group plc

Grants under 2008 Unapproved Share Option Scheme

Mulberry Group plc ("Mulberry" or the "Company") announces that the Board of Mulberry has today granted options (the "New Options") over ordinary shares of 5 pence each in the Company ("Ordinary Shares") to Thierry Andretta (Chief Executive Officer), Neil Ritchie (Chief Financial Officer) and certain other members of the broader management team pursuant to the Mulberry Group plc 2008 Unapproved Share Option Scheme as set out below: 

Number of New Options granted

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Thierry Andretta                                        70,000

Neil Ritchie                                               24,500

Other senior employees                           117,500

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Total                                                      212,000

The exercise price for each of the New Options is 1034.2 pence being the average closing price of an Ordinary Share for the calendar month leading up to the grant.  The New Options will vest on 1 July 2019 and will be exercisable between 1 July 2019 and 1 July 2026. 

Following the grant of his New Options, Thierry Andretta's beneficial interest in the Company consists of 300,415 unvested options under the Company's 2008 Unapproved Share Option Scheme.

Apart from the New Options, Neil Ritchie has no other beneficial interest in the Company's shares.

Enquiries:

Bell Pottinger
Daniel de Belder	07977 927142 / 020 3772 2561
Mulberry Investor Relations Allegra Perry	020 7605 6795
Altium
Sam Fuller / Tim Richardson	020 7484 4040
Barclays
Nicola Tennent / Thomas Dugarin	020 3134 9801

 

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