16th Dec 2015 13:50
LONDON (Alliance News) - Mulberry Group PLC on Wednesday said that Finance Director Roger Mather has sold GBP538,965 of shares in the luxury leather handbag maker since Friday last week.
The company said Mather sold 59,000 shares at an average price of 913.5 pence.
Mather now owns 24,383 shares in the company, equivalent to a 0.04% stake, as well as 70,000 unvested options under a 2008 scheme and 28,600 unvested options under a long term incentive plan.
Last Thursday, Mulberry said it swung to a GBP100,000 pretax profit in the first half of its financial year, as sales grew by 5.0% to GBP67.8 million in a sign that a shift back to "affordable luxury" is beginning to pay off.
Shares in Mulberry were up 1.5% at 925.00p on Wednesday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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