Grants under Deferred Bonus P

RNS Number : 1111J

Mulberry Group PLC

24 March 2010

 

Mulberry Group plc

Grants under Deferred Bonus Plan

Mulberry Group plc ("Mulberry" or the "Company") today granted deferred ordinary shares of 5 pence each in the Company (the "Ordinary Shares") under Mulberry's Deferred Bonus Plan at a price of 194 pence per Ordinary Share.  These grants relate to bonus payments awarded to the Directors and key employees in respect of the Company's performance for the financial year ending 31st March 2010. The deferred Ordinary Shares, which are held within the Mulberry Group plc Employee Benefit Trust, will vest on 30th June 2012.

The total number of Ordinary Shares subject to these grants are as follows:

	Deferred Ordinary Shares granted under Deferred Bonus Plan today	Total deferred Ordinary Shares granted under Deferred Bonus Plan to date
Godfrey Davis	24,330	48,932
Roger Mather	19,768	35,922
Other key employees	84,545	131,831
Total	128,643	216,685

In addition to the grant of deferred Ordinary Shares under the Deferred Bonus Plan, a matching number of nil cost options have been awarded.  The options in this grant will vest on the 30th June 2012 and are exercisable between 30th June 2012 and 30th June 2020.

	Nil cost options granted today	Nil cost options granted to date
Godfrey Davis	24,330	48,932
Roger Mather	19,768	35,922
Other key employees	84,545	131,831
Total	128,643	216,685

Enquiries:

Pelham Bell Pottinger              Kate Catchpole	Tel: [phone]
Altium Capital                          Ben Thorne / Melanie Szalkiewicz	Tel: [phone]

 

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