Shareholders
Issued Share Capital
The issued share capital of the company is 59,830,175 ordinary 5p shares. The percentage of equity which is not in public hands is 83.93% (50,216,538 shares).
Major Shareholders
This page was last updated on 1st February 2013.
The Company has been notified of the following interest in 3% or more of the share capital of the Company, other than those of the Directors above:
5p Ordinary Shares
Challice Limited 33,586,444 56.14%
Banque Havilland SA 14,585,720 24.38%
Directors' Interests
The Directors' interests in the shares of the Company are as follows:
5p Ordinary Shares
Godfrey Davis 718,527
Roger Mather 42,615
Robin Gibson 7,029
Melissa Ong does not hold any shares directly in the Company. However she is the daughter of Ong Beng Seng and Christina Ong, who together are beneficially interested in approximately 56.14% of the Company's total voting rights.
The other Directors have no interests in the shares of the Company, except with respect to the following share award arrangements:
Deferred Bonus Plan
On 15th August 2008, 12th October 2009, 24th March 2010, 30th March 2011 and 1st July 2012 the following Persons Discharging Management Responsibilities (PDMRs) were granted deferred shares under the new Mulberry Group Plc Deferred Bonus Plan. These shares are held within the Mulberry Group plc Employee Share Trust. Alongside these shares a matching number of nil cost options have been awarded. The options vest for two years from the date of issue and are exercisable from 15th August 2010 to 15th August 2018, 30th June 2011 to 30th June 2019, 30th June 2012 to 30th June 2020, 30th June 2013 to 30th June 2021 and 1st July 2014 to 1st July 2022 respectively.
Deferred Shares Nil Cost Options
Godfrey Davis 5,037 29,367
Roger Mather 10,449 30,217
Other key employees 42,898 108,571
Co-Ownership Plan
On 20th August 2009 Mulberry established a Co-Ownership Plan to operate in conjunction with the Employee Benefit Trust. This plan is designed to align management and shareholders' interests through rewarding participants for a growth in Mulberry share price above a specified threshold over the three year vesting period. For the grant listed below, participants will own an interest in the Ordinary Shares from the date of the award but will only participate in the value to the extent that the Mulberry share price exceeds 20% above the current market price at date of grant of 121.5 pence per Ordinary Share.
The total number of 5p Ordinary Shares subject of these grants are as follows:-
Ordinary Shares
Godfrey Davis 300,000
Roger Mather 250,000
Other key employees 400,000
As announced on 7th March 2012, Bruno Guillon was granted an interest in 200,670 new Ordinary Shares of 5 pence each in the Company on 6th March 2012. The grant will vest in 3 equal instalments on the second, third and fourth anniversary of the grant subject to the terms of the Co-Ownership Plan. Mr Guillon will own an interest in the shares from the date of grant, but will only participate in the value to the extent that the Mulberry share price exceeds £23.02 per share following vesting.
Ordinary Shares
Bruno Guillon 200,670
Share Option Scheme
The following options are outstanding under unapproved share option schemes:
5p Ordinary Shares
Godfrey Davis 90,000
Other key employees 140,000
Long Term Incentive Plan (LTIP)
On 19th December 2012 Mulberry established a LTIP to operate in conjunction with the Employee Benefit Trust. The LTIP is designed to align management and shareholders’ interests through rewarding participants for growth in Mulberry’s turnover and earnings before interest and tax (EBIT) above specified thresholds over the vesting period. 50% of the shares granted vest in accordance with the Revenue growth target and 50% in accordance with the EBIT target.
Options vest on a straight line pro rata basis between the minimum and maximum thresholds for both Revenue and EBIT. In the event that targets are not met, the options lapse.
The first grant of nil cost options was made on 20th December 2012. These options vest on 30th June 2015 and are exercisable between 1st July 2015 and 1st July 2020.
The options granted to Bruno Guillon have a threshold for each of the Revenue and EBIT elements. In the event that the thresholds are not met, the options lapse. His options vest on 30th June 2014 and are exercisable between 1st July 2014 and 1st July 2019.
Options over
5p Ordinary Shares
Bruno Guillon 83,964
Roger Mather 23,090
Other key employees 102,180
The issued share capital of the company is 59,830,175 ordinary 5p shares. The percentage of equity which is not in public hands is 83.93% (50,216,538 shares).
Major Shareholders
This page was last updated on 1st February 2013.
The Company has been notified of the following interest in 3% or more of the share capital of the Company, other than those of the Directors above:
5p Ordinary Shares
Challice Limited 33,586,444 56.14%
Banque Havilland SA 14,585,720 24.38%
Directors' Interests
The Directors' interests in the shares of the Company are as follows:
5p Ordinary Shares
Godfrey Davis 718,527
Roger Mather 42,615
Robin Gibson 7,029
Melissa Ong does not hold any shares directly in the Company. However she is the daughter of Ong Beng Seng and Christina Ong, who together are beneficially interested in approximately 56.14% of the Company's total voting rights.
The other Directors have no interests in the shares of the Company, except with respect to the following share award arrangements:
Deferred Bonus Plan
On 15th August 2008, 12th October 2009, 24th March 2010, 30th March 2011 and 1st July 2012 the following Persons Discharging Management Responsibilities (PDMRs) were granted deferred shares under the new Mulberry Group Plc Deferred Bonus Plan. These shares are held within the Mulberry Group plc Employee Share Trust. Alongside these shares a matching number of nil cost options have been awarded. The options vest for two years from the date of issue and are exercisable from 15th August 2010 to 15th August 2018, 30th June 2011 to 30th June 2019, 30th June 2012 to 30th June 2020, 30th June 2013 to 30th June 2021 and 1st July 2014 to 1st July 2022 respectively.
Deferred Shares Nil Cost Options
Godfrey Davis 5,037 29,367
Roger Mather 10,449 30,217
Other key employees 42,898 108,571
Co-Ownership Plan
On 20th August 2009 Mulberry established a Co-Ownership Plan to operate in conjunction with the Employee Benefit Trust. This plan is designed to align management and shareholders' interests through rewarding participants for a growth in Mulberry share price above a specified threshold over the three year vesting period. For the grant listed below, participants will own an interest in the Ordinary Shares from the date of the award but will only participate in the value to the extent that the Mulberry share price exceeds 20% above the current market price at date of grant of 121.5 pence per Ordinary Share.
The total number of 5p Ordinary Shares subject of these grants are as follows:-
Ordinary Shares
Godfrey Davis 300,000
Roger Mather 250,000
Other key employees 400,000
As announced on 7th March 2012, Bruno Guillon was granted an interest in 200,670 new Ordinary Shares of 5 pence each in the Company on 6th March 2012. The grant will vest in 3 equal instalments on the second, third and fourth anniversary of the grant subject to the terms of the Co-Ownership Plan. Mr Guillon will own an interest in the shares from the date of grant, but will only participate in the value to the extent that the Mulberry share price exceeds £23.02 per share following vesting.
Ordinary Shares
Bruno Guillon 200,670
Share Option Scheme
The following options are outstanding under unapproved share option schemes:
5p Ordinary Shares
Godfrey Davis 90,000
Other key employees 140,000
Long Term Incentive Plan (LTIP)
On 19th December 2012 Mulberry established a LTIP to operate in conjunction with the Employee Benefit Trust. The LTIP is designed to align management and shareholders’ interests through rewarding participants for growth in Mulberry’s turnover and earnings before interest and tax (EBIT) above specified thresholds over the vesting period. 50% of the shares granted vest in accordance with the Revenue growth target and 50% in accordance with the EBIT target.
Options vest on a straight line pro rata basis between the minimum and maximum thresholds for both Revenue and EBIT. In the event that targets are not met, the options lapse.
The first grant of nil cost options was made on 20th December 2012. These options vest on 30th June 2015 and are exercisable between 1st July 2015 and 1st July 2020.
The options granted to Bruno Guillon have a threshold for each of the Revenue and EBIT elements. In the event that the thresholds are not met, the options lapse. His options vest on 30th June 2014 and are exercisable between 1st July 2014 and 1st July 2019.
Options over
5p Ordinary Shares
Bruno Guillon 83,964
Roger Mather 23,090
Other key employees 102,180
