24th Mar 2005 14:26
Management Consulting Group PLC24 March 2005 Management Consulting Group PLC (the "Company") Director Shareholding The Company today announces that on 21 March 2005 Mr Kevin Parry, the ChiefExecutive of the Company, became entitled to receive ordinary shares of 25 penceeach in the Company ("Ordinary Shares") under the terms of the Long TermIncentive Plan ("LTIP") adopted by the Company on 18 April 2000. Mr Parry willreceive 333,049 Ordinary Shares which represents Mr Parry's current entitlementunder the LTIP, net of tax. No consideration is payable to the Company by MrParry in respect of the Ordinary Shares. Application will be made to the UKListing Authority and the London Stock Exchange for these Ordinary Shares to beadmitted to the Official List and to trading on the London Stock Exchange's mainmarket ("Admission"). These Ordinary Shares will be issued to Mr Parry by 19April 2005 and Admission of these Ordinary Shares will occur by this date. Following the issue of these Ordinary Shares, Mr Parry will be beneficiallyinterested in 1,052,788 Ordinary Shares representing 0.56 per cent. of the thenissued share capital of the Company. Under the LTIP, Mr Parry is also entitled to a further 185,027 Ordinary Shareswhich will not be issued to him until 21 March 2007, and the issue of which issubject to Mr Parry remaining an employee of the Company until that date. This represents the entire remaining entitlement of Mr Parry under the terms ofthe LTIP. 24 March 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MMC.L