Mulberry Group Regulatory News (MUL)

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.

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