REG - Mulberry Group PLC - Grant of Options

MulberryAnnouncement

02/08/2024 10:45

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RNS Number : 9941Y  Mulberry Group PLC  02 August 2024

For immediate release 02/08/2024

 
            Mulberry Group plc
            Grant of Options

Further to the announcement on 9 July 2024 of the appointment of Andrea Baldo
as Chief Executive Officer, Mulberry Group plc ("Mulberry" or the "Company")
is pleased to confirm the formal signing of his employment contract, which
will take effect from 1 September 2024.

As part of the terms of Mr Baldo's employment contract, on the commencement of
his employment on 1 September 2024 he will be granted options over 3,000,000
ordinary shares of 5 pence each in the Company (the "Options").  The Options
will be granted pursuant to the Mulberry Group plc 2008 Unapproved Share
Option Scheme (the "2008 Scheme").

The exercise price for the Options will be set on 1 September 2024 and will be
the average closing price of a Mulberry ordinary share on the business days
falling during the period of one calendar month prior to 1 September.  The
Options will be subject to the 2008 Scheme rules, with one third vesting on
each of 3rd, 4th and 5th anniversary of the date of grant, subject to
performance conditions being met.

Following the grant of the Options, Andrea Baldo's beneficial interest in the
share capital of the Company will consist of 3,000,000 unvested options under
the 2008 Scheme.

 For further information, please contact:                       +44 (0) 20 7605 6793

 Mulberry Group plc

 Charles Anderson (Group Finance Director)

 Houlihan Lokey Advisory Limited (Financial Adviser and NOMAD)

 Tim Richardson                                                 +44 (0) 20 7484 4040

 Headland (Public Relations)

 Lucy Legh / Joanna Clark                                       +44 (0) 20 3805 4822

 Peel Hunt LLP (Corporate Broker)                               +44 (0) 20 7418 8900

 James Thomlinson

 

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