Director Shareholding
MFI Furniture Group PLC
29 March 2004
Company Announcements Office
London Stock Exchange
Old Broad Street
London
EC2N 1HP
29 March 2004
MFI FURNITURE GROUP PLC ('the Company')
We advise that, following the completion of the transactions set out below on 26
March 2004, the interests of the Executive Directors in MFI Furniture Group Plc
ordinary shares ('the Shares'), excluding beneficial interests in their
conditional commitment shares held under the terms of the MFI Executive
Co-Investment Plan and Shares generally held in the MFI Furniture Group Plc
Employee Share Trust ('the EST'), were as follows:
Name Prior to Following transactions Increase/(decrease)
transactions
John Hancock 830,255 854,193 23,938
Mark Horgan 510,957 526,875 15,918
Matthew Ingle 689,873 700,921 11,048
Gordon MacDonald 350,000 385,955 35,955
Bob Wilson 85,627 96,123 10,496
Totals: 2,466,712 2,564,067 97,355
TRANSACTION ONE - MFI FURNITURE GROUP PLC DEFERRED BONUS PLAN
We advise that on 21 March 2004 awards granted in March 2001 to certain
executive directors under the MFI Furniture Group Plc Deferred Bonus Plan ('the
DBP') vested. The details of this vesting for each director are set out in the
table below which also shows the number and price of Shares sold by the EST on
behalf of each director.
The details are as follows:
Name Number of Number of Shares sold at Number of
vesting Shares 139.5p per share to pay income Shares retained
tax and NI
John Hancock 40,574 16,636 23,938
Mark Horgan 15,918 0 15,918
Matthew Ingle 18,727 7,679 11,048
Gordon MacDonald 16,854 0 16,854
Bob Wilson 17,790 7,294 10,496
TRANSACTION TWO - PURCHASE OF SHARES BY A DIRECTOR
We advise that on 26 March 2004, Mr Gordon MacDonald an executive director of
the Company, purchased 19,101 Shares in the Company at 139.75 pence per share.
Mr MacDonald's total beneficial holding of shares in the Company following this
transaction, excluding his beneficial interest in commitment shares held under
the terms of the MFI Executive Co-Investment Plan, is 385,955.
TRANSACTION THREE - MFI FURNITURE GROUP SHARE PLAN
We further advise that the EST acquired 518,411 Shares on 29 March 2004 at 142
pence per Share in connection with the Company's Senior Manager Co-Investment
Plan. All of the directors of the Company are deemed to be interested in all the
Shares held by the EST as potential beneficiaries of the Trust.
Enquiries should be directed to:
Gerard Hughes, Company Secretary: 020 8913 5313
Fiona Laffan, Brunswick Group Ltd: 020 7404 5959
This information is provided by RNS
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