Directors' Dealings
24th June 2008
The Company announces that it has issued and allotted, subject to Admission to trading on AIM, 94,200 ordinary shares of 7.5p pence each in the Company (“Ordinary Shares”) as a result of the exercise of 94,200 options over Ordinary Shares under the Company’s Unapproved Executive Share Option Scheme (1996) and subsequent sale at 211 pence per Ordinary Share of 94,200 Ordinary Shares by Tim How, as follows:
| Director |
Ordinary shares under option as at 22/06/08 |
Exercise Price (pence) |
Number of options exercised and sold |
Ordinary shares under option as at 23/06/08 |
Market sale price (pence) |
Resultant holding of Ordinary Shares |
Percentage of Issued Share Capital |
| Tim How |
283,000 |
114.50 |
94,200 |
188,800 |
211 |
237,493 |
0.384% |
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares and trading is expected to commence on AIM on or around 27 June 2008. Following the issue and allotment of the new Ordinary Shares the issued share capital of the Company will be 61,807,219 Ordinary Shares.
Enquiries to:
Majestic Wine PLC
Nigel Alldritt, Finance Director
Tel: 01923 298200