Mulberry Group Aktie

Mulberry has announced that CEO Andrea Baldo was granted, free of charge under the Performance Share Plan 2017, options on 1,500,000 ordinary shares at an exercise price of 5 pence per share. The options are subject to corporate performance targets and can be exercised after audited annual accounts: 1,000,000 options in 2028 and 500,000 options in 2029. At the time of the announcement the number of issued ordinary shares was 70,577,191; the transaction was carried out off-market. » Altro su de.investing.com

The Mulberry Group reduced its pre-tax loss in the first half to £6.9m versus £15.7m a year earlier; the adjusted loss fell to £7.4m. Group revenue dropped 4% to £53.9m, while wholesale sales rose 36% and like-for-like retail sales grew 4%. Gross margin improved to 69% and operating costs fell 16% thanks to cost reductions. Mulberry strengthened the balance sheet with a £20m convertible bond and reports positive response to new collections and a strong position for the Christmas trading period. » Altro su de.investing.com

Mulberry has completed a £20 million capital increase with support from major shareholders Challice and Frasers Group. The company reported a 21% drop in annual revenue and appointed James France from Frasers Group to its board. Mulberry shares fell 5.1% following the news. » Altro su de.investing.com