Director/PDMR Shareholding (4578C)

TIDMMMC

RNS Number : 4578C

Management Consulting Group PLC

07 March 2011

Management Consulting Group PLC (the "Company")

Directors' / PDMR Shareholdings

In accordance with DTR 3, the Company announces it was today notified that on 7 March 2011, the following directors acquired further ordinary shares of 1 pence each ('Ordinary Shares') in the Company, in each case at a price of 33.00 pence per Ordinary Share.

(i) Alan Barber, the Chairman of the Company, acquired 136,363 Ordinary Shares in the Company. Following the acquisition of these shares, Mr Barber is beneficially interested in 1,812,192 Ordinary Shares representing 0.41 per cent. of the issued share capital of the Company.

(ii) Nick Stagg, the Chief Executive of the Company, acquired 45,454 Ordinary Shares. Following the acquisition of these shares, Mr Stagg is beneficially interested in 495,454 Ordinary Shares representing 0.11 per cent. of the issued share capital of the Company.

(iii) Luiz Carvalho, an Executive Director of the Company, acquired 167,625 Ordinary Shares of the Company. Following the acquisition of these shares, Mr Carvalho is beneficially interested in 1,200,294 Ordinary Shares representing 0.27 per cent. of the issued share capital of the Company.

Each of the directors above acquired the Ordinary Shares set out against their name as a result of the Company's 2010 bonus entitlements. Nick Stagg and Luiz Carvalho (the executive directors) have undertaken not to sell these shares before the end of 2013 (or ceasing to be an executive director, if sooner).

In order to align the interests of staff with shareholders, the Company intends to move more of its senior staff's variable element of remuneration to equity, rather than wholly in cash, by way of shares allotted to senior staff within the business which should vest after three years. This will produce a requirement for additional shares to be held in the Company's employee benefit trust. In this regard, the Company also announces that it was notified today by Appleby Trust (Jersey) Limited, the trustees of the Management Consulting Group PLC Employee Benefit Trust (the "EBT"), that on 7 March 2011, the EBT purchased 4,150,558 Ordinary Shares at a price of 33.00 pence per Share for use in satisfying future awards under the Company's share plans.

Name of contact and telephone number for enquiries:

Charles Ansley 020 7710 5000

7 March 2011

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSLDLFBFXFEBBD

Management Consulting (LSE:MMC)
Historical Stock Chart
From Jun 2024 to Jul 2024