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Director/PDMR Shareholding

7 Mar 2011 12:57

RNS Number : 4578C
Management Consulting Group PLC
07 March 2011
 



Management Consulting Group PLC (the "Company")

 

Directors' / PDMR Shareholdings 

 

In accordance with DTR 3, the Company announces it was today notified that on 7 March 2011, the following directors acquired further ordinary shares of 1 pence each ('Ordinary Shares') in the Company, in each case at a price of 33.00 pence per Ordinary Share.

 

(i) Alan Barber, the Chairman of the Company, acquired 136,363 Ordinary Shares in the Company. Following the acquisition of these shares, Mr Barber is beneficially interested in 1,812,192 Ordinary Shares representing 0.41 per cent. of the issued share capital of the Company.

 

(ii) Nick Stagg, the Chief Executive of the Company, acquired 45,454 Ordinary Shares. Following the acquisition of these shares, Mr Stagg is beneficially interested in 495,454 Ordinary Shares representing 0.11 per cent. of the issued share capital of the Company.

 

(iii) Luiz Carvalho, an Executive Director of the Company, acquired 167,625 Ordinary Shares of the Company. Following the acquisition of these shares, Mr Carvalho is beneficially interested in 1,200,294 Ordinary Shares representing 0.27 per cent. of the issued share capital of the Company.

 

Each of the directors above acquired the Ordinary Shares set out against their name as a result of the Company's 2010 bonus entitlements. Nick Stagg and Luiz Carvalho (the executive directors) have undertaken not to sell these shares before the end of 2013 (or ceasing to be an executive director, if sooner).

In order to align the interests of staff with shareholders, the Company intends to move more of its senior staff's variable element of remuneration to equity, rather than wholly in cash, by way of shares allotted to senior staff within the business which should vest after three years. This will produce a requirement for additional shares to be held in the Company's employee benefit trust. In this regard, the Company also announces that it was notified today by Appleby Trust (Jersey) Limited, the trustees of the Management Consulting Group PLC Employee Benefit Trust (the "EBT"), that on 7 March 2011, the EBT purchased 4,150,558 Ordinary Shares at a price of 33.00 pence per Share for use in satisfying future awards under the Company's share plans.

Name of contact and telephone number for enquiries:

Charles Ansley 020 7710 5000

 

7 March 2011

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSLDLFBFXFEBBD
Date   Source Headline
21st Apr 20092:00 pmRNSInterim Management Statement
31st Mar 20094:13 pmRNSTotal Voting Rights
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18th Feb 200911:24 amRNSNotice of Results
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13th Nov 20087:00 amRNSInterim Management Statement
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16th Oct 200811:28 amPRNDirector Declaration
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13th Aug 20083:22 pmRNSHolding(s) in Company
11th Aug 20087:00 amRNSInterim Results
31st Jul 20087:43 amRNSTotal Voting Rights
1st Jul 200810:35 amRNSDirector/PDMR Shareholding
30th Jun 20085:04 pmRNSTotal Voting Rights
30th Jun 20088:08 amRNSTrading Update
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4th Jun 20085:29 pmRNSPerformance Share Plan
30th May 200812:19 pmRNSTotal Voting Rights
20th May 200812:50 pmRNSDirector/PDMR Shareholding
30th Apr 20083:09 pmRNSTotal Voting Rights
30th Apr 20088:38 amRNSAdditional Listing
23rd Apr 20086:24 pmRNSResult of AGM - Proxy Voting
23rd Apr 200810:46 amRNSNew Organisation/Management
23rd Apr 200810:46 amRNSInterim Management Statement
27th Mar 200811:47 amRNSNotice of AGM
25th Mar 200811:52 amRNSDirectorate Changes
18th Mar 20081:42 pmRNSHolding(s) in Company
18th Mar 20087:01 amRNSFinal Results
6th Mar 20082:21 pmRNSDirectorate Changes
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25th Feb 20084:36 pmRNSFinal Results - Date Change
25th Feb 20084:14 pmRNSResult of General Meeting
20th Feb 20087:00 amRNSDirectorate Changes
13th Feb 20085:49 pmRNSHolding(s) in Company
1st Feb 200811:34 amRNSHolding(s) in Company

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