Mulberry Group PLC Grants under Long Term Incentive Plan (1931L)

TIDMMUL

RNS Number : 1931L

Mulberry Group PLC

07 August 2013

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  Number of options 
                       granted today          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 
 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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