Grants under Long Term Incentive Plan

RNS Number : 1931L

Mulberry Group PLC

07 August 2013

 



7 August 2013

Mulberry Group plc

Grants under Long Term Incentive Plan

Mulberry Group plc ("Mulberry" or the "Company") announces that the Board of Mulberry today granted 171,500 nil cost options (the "New Options") over ordinary shares of 5 pence each in the Company (the "Ordinary Shares") under the Mulberry Group plc Long Term Incentive Plan (the "LTIP"), to Bruno Guillon (Chief Executive), Roger Mather (Group Finance Director) and other members of the broader management team as set out below:

	Number of New Options granted today	Number of options granted to date under the LTIP
Bruno Guillon	58,100	142,064
Roger Mather	28,600	51,690
Other key employees	84,800	168,088
Total	171,500	361,842

The New Options will vest (subject to reaching set financial performance targets) on 30 June 2016 and will be exercisable between 1 July 2016 and 1 July 2021. 

Following the New Options grant Bruno Guillon holds unvested rights over 200,670 Ordinary Shares under Mulberry's Co-Ownership Plan and 142,064 unvested nil cost options under the Company's Long Term Incentive Plan.

Roger Mather's beneficial interest in the Company consists of 39,362 Ordinary Shares representing 0.07% of the Company's issued Ordinary Shares. Roger Mather also holds vested rights over 250,000 Ordinary Shares under Mulberry's Co-Ownership Plan, 3,253 unvested deferred Ordinary Shares, 3,253 unvested matching nil cost options, 26,964 vested nil cost options all under the Company's Deferred Bonus Plan and 51,690 unvested nil cost options under the Company's Long Term Incentive Plan.

Enquiries:

Pelham Bell Pottinger
Dan de Belder / Lucy Miles	0207 861 3232
Altium
Ben Thorne / Katherine Hobbs	0207 484 4040
Barclays Capital
Jon Bathard-Smith	0203 623 2323
Mulberry Investor Relations
Amelia Fincher	0207 605 6771

 

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