Naked Wine Regulatory News (WINE)

23 Jun 2006 12:53

Majestic Wine PLC23 June 2006 Majestic Wine PLC 23 June 2006 Dealings by Directors MAJESTIC WINE PLC (the 'Company' or 'Majestic') The Company operates a deferred bonus scheme for senior managers, which included the executive Directors for the year ended 29 March 2004. From 30 March 2004, the company has adopted a new Co-investment plan for the executive Directors replacing their participation in the Group's deferred bonus scheme. The Group's deferred bonus scheme involves the award of Bonus Shares to participants subject to meeting performance criteria that are set annually by the remuneration committee. Any bonus shares awarded in this manner are held on behalfof participants by the Company's Employee Share Ownership Trust ('ESOT') for a two year deferral period. At the end of that period, participants have a right to receive Loyalty Shares of equivalent number provided that they are still in employment. Following the award of Bonus Shares to certain Directors during June 2004, the two year loyalty period has now been completed and these certain Directors were awarded Loyalty Shares on 23 June 2006 as set out below. Following the awards detailed above and the sale of certain Ordinary Shares of 7.5 pence each by the Directors today, the Directors' interests in the Company's share capital are as follows: Director Original Loyalty Shares Price sold at Revised % of issued share shareholding Shares Sold shareholding capital T How 420,632 26,484 21,723 297p 425,393 0.655%S Lewis 40,091 14,316 11,742 297p 42,665 0.066%N Alldritt 56,356 12,596 10,332 297p 58,620 0.090%J Apthorp 762,971 3,332 6,664 297P 759,639 1.170% END This information is provided by RNS The company news service from the London Stock Exchange