Mpac Group Plc Regulatory News (MPAC)

4 May 2005 14:50

Molins PLC4 May 2005 SCHEDULE 11 NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS 1) NAME OF COMPANY MOLINS PLC 2) NAME OF DIRECTOR DAVID JOHN COWEN 3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of an non-beneficial interest SHAREHOLDER 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. (If notified) DAVID JOHN COWEN 3,219 MICHELE CHRISTINE COWEN 18,000 5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s) NO 6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary REALISATION OF SHARES AWARDED UNDER THE MOLINS PLC LONG TERM INCENTIVE PLAN AND SALE OF SAME. 7) Number of shares/amount of stock acquired 47,247 8) Percentage of issued Class 0.23 9) Number of shares/amount of stock disposed 47,247 10) Percentage of issued Class 0.23 11) Class of security 25p ORDINARY 12) Price per share SHARES ACQUIRED : £NIL SHARES DISPOSED : £1.62338 13) Date of transaction 29 APRIL 2005 14) Date company informed 3 MAY 2005 15) Total holding following this notification 21,219 16) Total percentage holding of issued class following this notification 0.1 IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE THE FOLLOWING BOXES 17) Date of grant 18) Period during which or date on which exercisable 19) Total amount paid (if any) for grant of the option 20) Description of shares or debentures involved: class, number. 21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise 22) Total number of shares or debentures over which options held following this notification 23) Any additional information THESE TRANSACTIONS REPRESENT THE EXERCISE OF A CONDITIONAL GRANT AND SUBSEQUENT SALE OF ORDINARY SHARES FOLLOWING THE SIX YEAR ANNIVERSARY OF A CONDITIONAL GRANT OF SHARES UNDER THE RULES OF THE COMPANY'S LONG-TERM INCENTIVE PLAN. THE PROCEEDS WILL BE PARTIALLY USED TO SATISFY THE ASSOCIATED TAX LIABILITY ARISING FROM THE EXERCISE OF THE AWARD. IN ADDITION TO A BENEFICIAL INTEREST IN 21,219 ORDINARY SHARES, MR COWEN HOLDS CONDITIONAL GRANTS, UNDER THE RULES OF THE LONG-TERM INCENTIVE PLAN, IN 443,762 SHARES, OF WHICH THE PERFORMANCE CRITERIA HAVE BEEN MET IN RESPECT OF 170,762 SHARES. 24) Name of contact and telephone number for queries A L PENNYCUICK 01908 219000 25) Name and signature of authorised company official responsible for making this notification A L PENNYCUICK Date of Notification 4 MAY 2005 This information is provided by RNS The company news service from the London Stock Exchange