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BWD Securities PLC (RBG)


Friday 12 September, 2003

BWD Securities PLC

Director Shareholding

BWD Securities PLC
12 September 2003


Company Announcement

Tim Jason Wood a director of the Company has today sold 100,000 ordinary shares
at £4.70 per share.  His total beneficial holding following this disposal is
320,100 ordinary shares.

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                     

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