30th Sep 2008 07:00
This notification relates to transactions to be notified under DTR 3.1.4.
On 29 September 2008, Man Group plc was notified that the following directors and one other Person Discharging Managerial Responsibility (PDMR) had each purchased on that date Credit Suisse leveraged equity linked Warrants (the "Warrants") relating to the ordinary shares of 3 3/7 US cents in Man Group plc as detailed below:
Peter Clarke, Group Chief Executive
No of shares to which the Warrants relate: 1,128,722
No of Warrants purchased: 1,128,722
Price per Warrant: 57.59p
In addition to the above, Mr Clarke is deemed to be interested in a total of 4,630,815 ordinary shares in Man Group plc.
Kevin Hayes, Group Finance Director
No of shares to which the Warrants relate: 260,474
No of Warrants purchased: 260,474
Price per Warrant: 57.59p
In addition to the above, Mr Hayes is deemed to be interested in a total of 217,958 ordinary shares in Man Group plc.
Christoph Moller (PDMR)
No of shares to which the Warrants relate: 260,474
No of Warrants purchased: 260,474
Price per Warrant: 57.59p
In addition to the above, Mr Moller is deemed to be interested in a total of 5,286,885 ordinary shares in Man Group plc.
Details of Warrants purchased
Each Warrant purchased will entitle the holder to the payment, at the end of three years, of an amount representing a proportion of the difference between the strike price of the Warrant (set at a premium to the prevailing share price at the date of issue) and the average share price of Man Group plc ordinary shares over the three year period from the date of issue. The Warrants cannot be redeemed within 12 months from the date of issue and will be cash settled.
Related Shares:
Man