Management Resource Solutions Regulatory News (MRS)

14 Jun 2006 16:49

Melrose Resources PLC14 June 2006 FOR IMMEDIATE RELEASE 14 June 2006 Melrose Resources plc ("the Company") Directors' shareholdings The Company received notification today of the following changes in Directors'shareholdings as a result of the exercise by these Directors of share options on13 June 2006 (see note 1 below) and the subsequent sale of shares on the sameday by Mr Thomas. At 13 June 2006 % Purchased/ At 14 June 2006 % No. (sold) No. Ordinary shares R F M Adair (2) 41,168,336 51.84 211,523 41,379,859 51.77C C A Thomas 270,000 0.34 300,634 270,000 0.34 (300,634) At 13 June 2006 % Exercised At 14 June 2006 % ------------- No. No. Price(p) No. Share optionsR F M Adair 262,478 n/a (58,734) 89.0 50,955(4) n/a (68,645) 65.0 (84,144) 213.5C C A Thomas 331,207 n/a (89,111) 87.0 30,573(4) n/a (58,734) 89.0 (68,645) 65.0 (84,144) 213.5 Following the exercise of share options, Mr Thomas sold 300,634 shares at £3.50per share on 13 June 2006. Notes (1) The intention of directors to exercise these share options was disclosed inPart VI of the Prospectus issued by the Company on 9 June 2006; (2) The interests of R F M Adair as at 13 June 2006 and at 14 June 2006 include40,764,131 ordinary shares held by Skye Investments Limited, a company in whichhe has a controlling interest; (3) Following the exercise of these share options and the issueof new ordinary shares, the Company has 79,932,324 ordinary shares in issue; (4) In accordance with the relevant option scheme rules, thenumber and the exercise price of share options outstanding at 13 June 2006 andat 14 June 2006 may be subject to adjustment to taking into account the effectsof the Placing and Open Offer that was announced on 9 June 2006 and which closeson 6 July 2006. For further information please contact Melrose Resources plcMunro Sutherland, Finance Director 0131 221 3360Chris Thomas, Corporate Development 0131 221 3360Director Buchanan Communications LimitedBen Willey 0207 466 5000 or visit www.melroseresources.com This information is provided by RNS The company news service from the London Stock Exchange