Mulberry Group PLC Grants under 2008 Unapproved Share Option Scheme (0056D)

TIDMMUL

RNS Number : 0056D

Mulberry Group PLC

01 July 2016

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.

Enquiries:

 
 Bell Pottinger 
                                07977 927142 / 020 3772 
 Daniel de Belder                                  2561 
 
 Mulberry Investor Relations 
  Allegra Perry                           020 7605 6795 
 
   Altium 
 Sam Fuller / Tim Richardson              020 7484 4040 
 
 Barclays 
 Nicola Tennent / Thomas 
  Dugarin                                 020 3134 9801 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 01, 2016 07:34 ET (11:34 GMT)