Mulberry Group Regulatory News (MUL)

Mulberry Group plc

Grants under new Long Term Incentive Plan

Mulberry Group plc ("Mulberry" or the "Company") announces that, on 19 December 2012, the Board of Mulberry approved the establishment of a new executive incentive plan, the Mulberry Group plc Long Term Incentive Plan (the "LTIP"). The LTIP is designed to align management and shareholders' interests through rewarding participants for growth in Mulberry's turnover and earnings before interest and tax ("EBIT") above specified thresholds over the vesting period. The LTIP will be the primary long term incentive scheme going forward.

Pursuant to establishment of the LTIP, nil cost options (the "New Options") over ordinary shares of 5 pence each in the Company (the "Ordinary Shares") were yesterday granted to Bruno Guillon (Chief Executive), Roger Mather (Group Finance Director) and other members of the broader management team as set out below:

The New Options, with the exception of those granted to Bruno Guillon, will vest (subject to reaching set financial performance targets) on 30 June 2015 and will be exercisable between 1 July 2015 and 1 July 2020. The New Options granted to Bruno Guillon will vest (subject to reaching set financial performance targets) on 30 June 2014 and will be exercisable between 1 July 2014 and 1 July 2019.

Further details of the LTIP will be included in Mulberry's annual report for the year to 31 March 2013.

In addition to his New Options, Bruno Guillon holds rights over 200,670 Ordinary Shares under Mulberry's Co-Ownership Plan. 

In addition to his New Options, Roger Mather's beneficial interest in the Company consists of 32,166 Ordinary Shares representing 0.05% of the Company's issued Ordinary Shares. Roger Mather also holds vested rights over 250,000 Ordinary Shares under Mulberry's Co-Ownership Plan, 10,449 unvested deferred Ordinary Shares, 10,449 unvested matching nil cost options and 19,768 vested nil cost options all under the Company's Deferred Bonus Plan.

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