Director Shareholding
June 11 2003 - 12:21PM
UK Regulatory
RNS Number:2148M
Merchant Retail Group PLC
11 June 2003
11 June 2003
MERCHANT RETAIL GROUP PLC
(The Specialist Perfumery Retailer and Department Stores Group)
Director's Interests
On Tuesday 10 June 2003, four executive directors of the Company received the
second 50 per cent instalment of the ordinary shares of 10p each in the Company
("Shares") due to each of them as bonus remuneration as a result of exceeding
the maximum performance criteria laid down in the Merchant Retail Group 1999
Long Term Incentive Plan (the "LTIP"). The first 50 per cent instalment was
received in May 2002.
The majority of the shares vested under the LTIP as bonus remuneration were sold
in the market at 148.00p per share on Tuesday 10 June 2003. Accordingly, the
interests of the executive directors of the Company are as follows:
Shares vested Shares sold Holding following this % of the
announcement Company
from LTIP
P. Newton 448,654 448,654 3,168,317* 2.90%
C. Lamont 249,252 249,252 153,148 0.14%
J.P. Seigal 373,878 373,878 566,810 0.52%
M.J. Wadeley 134,596 94,596 53,000 0.05%
* Includes 300,000 shares held by Aureole Investments Limited Pension Scheme, of which Philip Newton is a
potential beneficiary.
Merchant Retail Group plc has also been notified of the sale on Tuesday 10 June
2003 of 330,644 ordinary 10p shares at 148.00p by Reg Heath, a Non-Executive
Director.
Accordingly, the interests of Mr Heath are as follows:
Previous holding Shares sold at Holding following this % of the Company
148.00p announcement
R.F. Heath 830,644 330,664 500,000 0.46%
The number of ordinary 10p shares in issue is 109,359,127.
For further information please contact:
Philip Newton (Chief Executive) 01494 894000
Brian Coleman-Smith / Amanda Sheehy 020 7398 3300
(Beattie Financial)
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSEAKKFFFNDEFE