Man(ED & F) Group PLC
26 June 2000
Notification is given pursuant to Chapter 16.13 of the Listing Rules, that the
interests of the E D & F Man Group 1990 Employee Trust ('the Employee Trust'),
registered in the name of E D & F Man Employee Investments (Jersey) Limited
a/c 13071 A/B, in the share capital of the Company have been reduced by
915,700 shares to 2,011,208 shares as a result of :
1. The sale on 23rd June 2000 of 155,643 shares to Mr S Fink, 48,639 shares
to Mr P Clarke and 38,912 shares to Mr K Davis, all at 514p per share.
2. The sale on 26th June of 500,000 shares to St Helier Trust Company Ltd as
trustee for the E D & F Man Group (No 2) Employees' Trust at 514p per share.
3. The transfer on 26th June 2000 of 90,653 ordinary shares to three
beneficiaries of the Employee Trust Share Option Scheme established by the
Employee Trust for the benefit of full time employees of the company (or any
subsidiary) the exercise price payable to the Employee Trust for options
granted under the Scheme is 140p per ordinary share.
4. The transfer on 26th June 2000 of 81,853 shares for nil consideration to
one beneficiary of the E D & F Man Long Term Incentive Plan ('the Plan') which
was approved by shareholders on 2nd September 1996.
Furthermore, on the 26th June 2000, the security interest of the Employee
Trust was reduced by 96,401 shares (for nil consideration) the Employee Trust
now has a security interest over 1,225,685 shares.
Executive Directors of the company are deemed to be interested in the
2,011,208 shares held by the Employee Trust and the 1,225,685 shares over
which the Employee Trust holds a security interest.
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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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