16th Feb 2005 11:39
Berkeley Group Holdings (The) PLC16 February 2005 16 February 2005 The Berkeley Group Holdings plc ("the Company") The Berkeley Group Holdings plc has today acquired 4,224 Units (comprising oneordinary share, one 2006 B share, one 2008 B share and one 2010 B share)("Units") in the market at a price of 838p per Unit for Victoria Mitchell, aNon-Executive Director of the Company and Chairman of its RemunerationCommittee. The Units acquired are equivalent to a gross payment of £60,000. The Board of Berkeley believed that it was appropriate to pay Mrs Mitchelladditional remuneration to recognise the very significant time she spent during2004 discharging her duties as Chairman of the Remuneration Committee. This wasfar in excess of that normally associated with the position and required MrsMitchell to forego other works and consulting opportunities during this period. The Board of Berkeley consulted with major shareholders over this payment andthought it appropriate to make the payment in shares. The holding of Mrs Mitchell in the Issued Capital of the Company following thisnotification is as follows: Total Holding following this notification: 5,474 Units Percentage of the Issued Capital of the Company following this notification: 0.0045 Enquiries: Cardew GroupTim Robertson/Sofia Rehman 020 7930 0777 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Berkeley Group