Last checked at 7 Aug 2013 14:50
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 |
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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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