25 January 2012
Mulberry Group plc
Director's Dealing, Application for Admission of Ordinary Shares and Total Voting Rights
Mulberry Group plc ("Mulberry" or the "Company") was notified today that Godfrey Davis, Chief Executive Officer and Roger Mather, Group Finance Director of Mulberry, have exercised options over ordinary shares of 5 pence each in the Company (the "Ordinary Shares"). Under the terms of the Company's share option schemes, Godfrey Davis and Roger Mather have agreed to receive cash (net of the exercise price of the relevant options) in lieu of Ordinary Shares, which has been satisfied through the issue and sale of 265,000 new Ordinary Shares by the Company at a price of £16.00 per Ordinary Share.
Godfrey Davis exercised options over a total of 184,602 Ordinary Shares as follows:
Scheme | Date Granted | Number of Options | Exercise Price |
Mulberry Group plc 1996 Unapproved Share Option Scheme | 4 August 2005 | 100,000 | £1.455 |
Mulberry Group plc 2008 Unapproved Share Option Scheme | 25 July 2008 | 60,000 | £1.445 |
Mulberry Group plc Deferred Bonus Plan | 15 August 2008 | 10,034 | nil cost |
Mulberry Group plc Deferred Bonus Plan | 12 October 2009 | 14,568 | nil cost |
In addition, Godfrey Davis has today sold 150,000 Ordinary Shares at a price of £16.00 per share.
Following these transactions, Godfrey Davis' beneficial interest in the Company consists of 689,160 Ordinary Shares representing 1.16% of the Company's issued Ordinary Shares. Godfrey Davis also holds rights over 300,000 Ordinary Shares under Mulberry's Co-Ownership Plan and 29,367 unvested deferred Ordinary Shares and 29,367 unvested matching nil cost options both under the Company's Deferred Bonus Plan and 90,000 options under the Company's 2008 Unapproved Share Option Scheme.
Roger Mather exercised options over a total of 102,140 Ordinary Shares as follows:
Scheme | Date Granted | Number of Options | Exercise Price |
Mulberry Group plc 2008 Unapproved Share Option Scheme | 14 April 2008 | 90,000 | £1.447 |
Mulberry Group plc Deferred Bonus Plan | 12 October 2009 | 12,140 | nil cost |
In addition, on 24 January 2012 Roger Mather sold 2,780 Ordinary Shares at a price of £16.19 per share.
Following these transactions, Roger Mather's beneficial interest in the Company consists of 13,538 Ordinary Shares representing 0.02% of the Company's issued Ordinary Shares. Roger Mather also holds rights over 250,000 Ordinary Shares under Mulberry's Co-Ownership Plan and 26,964 unvested deferred Ordinary Shares and 26,964 unvested matching nil cost options under the Company's Deferred Bonus Plan.
Pursuant to the exercise of options and issue and sale of new Ordinary Shares noted above, the Company has today made an application to the London Stock Exchange for 265,000 new Ordinary Shares to be admitted to AIM. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares in issue. It is expected that admission of the new Ordinary Shares will take place on 31 January 2012.
Total Voting Rights
The issued Ordinary Share capital of the Company following admission of the new Ordinary Shares will be 59,434,505 Ordinary Shares with a nominal value of 5 pence each. No Ordinary Shares are held in treasury. Therefore, the total number of voting rights in Mulberry is 59,434,505.
The figure of 59,434,505 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Ordinary Share capital of the Company under the FSA's Disclosure and Transparency Rules.
Enquiries:
Pelham Bell Pottinger Dan de Belder / Julia Hanrahan | 0207 861 3232 |
Altium Ben Thorne / Katherine Hobbs | 0207 484 4040 |
Barclays Capital Jon Bathard-Smith / Nicola Tennent | 0203 134 9803 |
Mulberry Investor Relations Amelia Fincher | 0207 605 6771 |
