Director Shareholding
January 06 2005 - 2:23AM
UK Regulatory
RNS Number:0753H
Management Consulting Group PLC
06 January 2005
NOTIFICATION OF PURCHASE OF OWN SHARES AND OF INTERESTS OF DIRECTORS AND
CONNECTED PERSONS
Management Consulting Group PLC announces that Proudfoot Trustees Limited, a
wholly owned subsidiary company, purchased yesterday in the open market 317,790
Ordinary Shares of 25 pence each ("Ordinary Shares") in the Company, at 57p per
share, for a total consideration of #181,140. These shares were purchased to
satisfy the deferred share element of the bonus awards to a director and an
employee (the "Recipients") in relation to the year ended 31 December 2004.
These shares will be transferred to the Recipients on 31 December 2007 provided
that they remain employed by the Company or any of its subsidiary companies on
that date.
Included in the purchase are 214,912 Ordinary Shares, representing 0.11% of the
current issued share capital of the Company, which relate to the deferred bonus
entitlement of Mr Kevin Parry, the Chief Executive of the Company.
The shares rank pari passu in all respects with the existing shares in issue.
Enquiries:
Management Consulting Group PLC
Baroness Cohen of Pimlico, Chairman of the Remuneration Committee
020 7630 0461
The Maitland Consultancy
Michelle Jeffery
020 7379 5151 (mobile 07989 977837)
Notes to editors:
Management Consulting Group PLC (MMC.L) operates through two divisions: Parson
Consulting and Proudfoot Consulting. Parson Consulting specialises in financial
management consultancy and Proudfoot Consulting specialises in operational
performance improvement consultancy. The businesses operate worldwide.
Further information is available at www.mcgplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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