Director Shareholding
June 27 2003 - 8:39AM
UK Regulatory
RNS Number:8823M
Majestic Wine PLC
27 June 2003
27 June 2003
MAJESTIC WINE PLC (the "Company" or "Majestic")
The Company operates a deferred bonus scheme for senior managers, which includes
the executive Directors. It 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
behalf 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 a
right receive Loyalty Shares of equivalent number provided that they are still
in employment.
Following the award of Bonus Shares to certain Directors during June 2001, the
two year loyalty period has now been completed and these certain Directors were
awarded Loyalty Shares on 26 June 2003 as set out below.
Also, on 26 June 2003 certain Directors sold some of their ordinary shares in
the Company as set out below.
Following the award of the Bonus Shares (including those awarded for the
financial year that ended 31 March 2003) and the Loyalty Shares detailed above
and the sale of new ordinary shares by the Directors today, the Directors'
interests in the Company's share capital are as follows:
Original Bonus Loyalty Shares Price Revised % of issued
share- Shares Shares sold sold at Share-holding share
holding capital
Tim How 157124 3064 1966 1613 628p 160541 1.05
Tony Mason 23517 1455 1072 880 628p 251164 0.16
Steve Lewis 2058 1711 - - - 3769 0.02
Nigel Alldritt 286 1521 - - - 1807 0.01
This information is provided by RNS
The company news service from the London Stock Exchange
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