Grants under Deferred Bonus Plan

RNS Number : 9493D

Mulberry Group PLC

30 March 2011

 



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 1,362 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 2011. The deferred Ordinary Shares, which are held within the Mulberry Group plc Employee Benefit Trust, will vest on 30th June 2013.

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

	Deferred Ordinary Shares granted under Deferred Bonus Plan today	Total unvested deferred Ordinary Shares under Deferred Bonus Plan
Godfrey Davis	5,037	43,935
Roger Mather	7,196	39,104
Other key employees	21,037	145,644
Total	33,270	228,683

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 2013 and are exercisable between 30th June 2013 and 30th June 2021.

	Nil cost options granted today	Nil cost options granted remaining unexercised
Godfrey Davis	5,037	53,969
Roger Mather	7,196	39,104
Other key employees	21,037	145,644
Total	33,270	238,717

Enquiries:

Pelham Bell Pottinger
Dan de Belder / Lucy Frankland	0207 861 3232
Altium Capital
Ben Thorne / Melanie Szalkiewicz	0207 484 4040

 

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