Mulberry Group PLC Grants under 2008 Unapproved Share Option Scheme (0056D)
July 01 2016 - 6:34AM
UK Regulatory
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
-------------------------------------------------------------------
Thierry Andretta 70,000
Neil Ritchie 24,500
Other senior employees 117,500
-------------------------------------------------------------------
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)