Naked Wine Regulatory News (WINE)

27 Jun 2005 11:55

Majestic Wine PLC27 June 2005 MAJESTIC WINE PLC (the 'Company' or 'Majestic') 27 June 2005 Dealing by Directors The Company operates a deferred bonus scheme for senior managers, which includesthe executive Directors for the year ended 31 March 2003 and 29 March 2004. From30 March 2004, the company has adopted a new Co-investment plan for theexecutive directors replacing their participation in the Group's deferred bonusscheme. The Group's deferred bonus scheme involves the award of Bonus Shares toparticipants subject to meeting performance criteria that are set annually bythe remuneration committee. Any bonus shares awarded in this manner are held onbehalf of participants by the Company's Employee Share Ownership Trust ('ESOT')for a two year deferral period. At the end of that period, participants have aright receive Loyalty Shares of equivalent number provided that they are stillin employment. Following the award of Bonus Shares to certain Directors during June 2003, thetwo year loyalty period has now been completed and these certain Directors wereawarded Loyalty Shares on 25 June 2003 as set out below. Following the award of the Bonus Shares and the Loyalty Shares detailed aboveand the sale of new ordinary shares by the Directors today, the Directors'interests in the Company's share capital are as follows: Director Original Loyalty Shares Price sold Revised % of issued share shareholding Shares Sold at shareholding capital T How 418,428 12,256 10,052 265p 420,632 0.660%S Lewis 38,860 6,844 5,613 265p 40,091 0.063%N Alldritt 18,680 6,084 4,988 265p 19,776 0.031% This information is provided by RNS The company news service from the London Stock Exchange