MMC.L Regulatory News (MMC)

6 Jan 2005 07:23

Management Consulting Group PLC06 January 2005 NOTIFICATION OF PURCHASE OF OWN SHARES AND OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS Management Consulting Group PLC announces that Proudfoot Trustees Limited, awholly owned subsidiary company, purchased yesterday in the open market 317,790Ordinary Shares of 25 pence each ("Ordinary Shares") in the Company, at 57p pershare, for a total consideration of £181,140. These shares were purchased tosatisfy the deferred share element of the bonus awards to a director and anemployee (the "Recipients") in relation to the year ended 31 December 2004.These shares will be transferred to the Recipients on 31 December 2007 providedthat they remain employed by the Company or any of its subsidiary companies onthat date. Included in the purchase are 214,912 Ordinary Shares, representing 0.11% of thecurrent issued share capital of the Company, which relate to the deferred bonusentitlement of Mr Kevin Parry, the Chief Executive of the Company. The shares rank pari passu in all respects with the existing shares in issue. Enquiries: Management Consulting Group PLCBaroness Cohen of Pimlico, Chairman of the Remuneration Committee020 7630 0461 The Maitland ConsultancyMichelle Jeffery020 7379 5151 (mobile 07989 977837) Notes to editors: Management Consulting Group PLC (MMC.L) operates through two divisions: Parson Consulting and Proudfoot Consulting. Parson Consulting specialises in financial management consultancy and Proudfoot Consulting specialises in operational performance improvement consultancy. The businesses operate worldwide. Further information is available at www.mcgplc.com This information is provided by RNS The company news service from the London Stock Exchange