Grants under Deferred Bonus Plan
March 24 2010 - 9:09AM
UK Regulatory
TIDMMUL
RNS Number : 1111J
Mulberry Group PLC
24 March 2010
Mulberry Group plc
Grants under Deferred Bonus Plan
Mulberry Group plc ("Mulberry" or the "Company") today granted deferred ordinary
shares of 5 pence each in the Company (the "Ordinary Shares") under Mulberry's
Deferred Bonus Plan at a price of 194 pence per Ordinary Share. These grants
relate to bonus payments awarded to the Directors and key employees in respect
of the Company's performance for the financial year ending 31st March 2010. The
deferred Ordinary Shares, which are held within the Mulberry Group plc Employee
Benefit Trust, will vest on 30th June 2012.
The total number of Ordinary Shares subject to these grants are as follows:
+----------------+----------------+----------------+
| | Deferred |Total deferred |
| | Ordinary | Ordinary |
| |Shares granted |Shares granted |
| |under Deferred |under Deferred |
| | Bonus Plan | Bonus Plan to |
| | today | date |
+----------------+----------------+----------------+
| Godfrey Davis | 24,330 | 48,932 |
+----------------+----------------+----------------+
| Roger Mather | 19,768 | 35,922 |
+----------------+----------------+----------------+
| Other key | 84,545 | 131,831 |
| employees | | |
+----------------+----------------+----------------+
| Total | 128,643 | 216,685 |
+----------------+----------------+----------------+
In addition to the grant of deferred Ordinary Shares under the Deferred Bonus
Plan, a matching number of nil cost options have been awarded. The options in
this grant will vest on the 30th June 2012 and are exercisable between 30th June
2012 and 30th June 2020.
+----------------+----------------+----------------+
| | Nil cost | Nil cost |
| | options | options |
| | granted today | granted to |
| | | date |
+----------------+----------------+----------------+
| Godfrey Davis | 24,330 | 48,932 |
+----------------+----------------+----------------+
| Roger Mather | 19,768 | 35,922 |
+----------------+----------------+----------------+
| Other key | 84,545 | 131,831 |
| employees | | |
+----------------+----------------+----------------+
| Total | 128,643 | 216,685 |
+----------------+----------------+----------------+
Enquiries:
+---------------------------------+---------------------------------+
| Pelham Bell Pottinger | Tel: +44 (0) 20 7337 1512 |
| | |
| Kate Catchpole | |
| | |
+---------------------------------+---------------------------------+
| Altium Capital | Tel: +44 (0) 20 7484 4187 |
| | |
| Ben Thorne / Melanie | |
| Szalkiewicz | |
+---------------------------------+---------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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