Angela Ahrendts, chief executive of luxury British retailer and brand Burberry, has been awarded £5.6m of bonus shares.

Ahrendts was last week granted 500,000 share options, which are due to vest in 2015 if Ahrendts meets a number of strategic and performance-related goals. On Friday the shares were valued at £5.6m with the price of the individual shares at £11.30, the Daily Telegraph reported.

Shares in the company have recently risen after speculation the company would be sold. Earlier this month French luxury group PPR, the business behind brands including Gucci, Stella McCartney and Alexander McQueen, ruled out any potential deal to acquire Burberry.

Last month Burberry reported its pre-tax profits had jumped by nearly 50% to £129m in the six months to September 30.