Mpac Group Plc Regulatory News (MPAC)

4 May 2007 17:37

Molins PLC04 May 2007 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification requiredby DR 3.1.4R(1). (1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. (3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. Please complete all relevant boxes in block capital letters. 1. Name of the issuer MOLINS PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) DISCLOSURE RELATING TO A DIRECTOR OF THE COMPANY. 3. Name of person discharging managerial responsibilities/director MR PETER JOHN BYROM. 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person NO. 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest NOTIFICATION IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE. 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY SHARES OF 25p EACH. 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them PERSON REFERRED TO IN 3 ABOVE. 8. State the nature of the transaction REALISATION OF SHARES AWARDED UNDER THE MOLINS PLC LONG TERM INCENTIVE PLAN AND SALE OF THOSE SHARES. 9. Number of shares, debentures or financial instruments relating to shares acquired 120,000 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.6 11. Number of shares, debentures or financial instruments relating to shares disposed 120,000 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 0.6 13. Price per share or value of transaction SHARES ACQUIRED: £NIL SHARES DISPOSED OF: £1.727083 14. Date and place of transaction 3 MAY 2007, LONDON. 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 390,494 16. Date issuer informed of transaction 4 MAY 2007. If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17. Date of grant 18. Period during which or date on which it can be exercised 19. Total amount paid (if any) for grant of the option 20. Description of shares or debentures involved (class and number) 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise 22. Total number of shares or debentures over which options held following notification 23. Any additional information THIS TRANSACTION REPRESENTS THE REALISATION AFTER THE SIXTH ANNIVERSARY OF ONE CONDITIONAL AWARD OF ORDINARY SHARES UNDER THE COMPANY'S LONG TERM INCENTIVE PLAN AND THE SUBSEQUENT SALE OF THOSE SHARES. THE PROCEEDS FROM THE SALE WILL BE PARTIALLY USED TO SATISFY THE TAX LIABILITY ARISING FROM THE REALISATION. MR BYROM'S HOLDING OF MOLINS' 25p SHARES BEFORE AND AFTER THIS TRANSACTION IS 390,494 SHARES. 24. Name of contact and telephone number for queries ANDREW PENNYCUICK - 01908 219039 Name and signature of duly authorised officer of issuer responsible for making notification ANDREW PENNYCUICK Date of notification 4 MAY 2007 This information is provided by RNS The company news service from the London Stock Exchange