Moss Bros duo trim holdings

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Date: Tuesday 08 Feb 2005

LONDON (ShareCast) - Rowland Gee, 57, non-executive deputy chairman at Moss Bros and non executive director Michael Gee, 63, collectively sold 1m shares.

Each sold 500,000 shares at 120p each which brings Rowland's holding to just under 3m shares and Michael's holding to around 3.3m or 3.53% of the group.

Their last significant sale was in October 2003.

Shares in the group are currently at a 4-year high, helped by the group's return to profit following four years of losses, on the back of strong sales of its suits.

Last week the menswear retailer announced steady progress after sales picked up over the crucial Christmas and New Year period.

Chief executive Philip Mountford said, “We expect profits in the year to be not less than market expectations. There remains further unrealised potential in existing stores and we are focused on further developing the company”.

Top Director Buys

Aberfth.Smll.Co (ASL)
Director name: Mr D R Shaw
Amount purchased: 10,000 @ 549.00p
Value: £54,900

SVM UK Active Fund (SVU)
Director name: Mr Colin W Maclean
Amount purchased: 30,000 @ 144.50p
Value: £43,350

Asset Man It (AMN)
Director name: Mr David Martin-Clark
Amount purchased: 19,197 @ 61.00p
Value: £11,710

Top Director Sells

Moss Bros (MOSB)
Director name: Mr Rowland Gee
Amount sold: 500,000 @ 120.00p
Value: £600,000

Moss Bros (MOSB)
Director name: Mr Michael Gee
Amount sold: 500,000 @ 120.00p
Value: £600,000

Halma (HLMA)
Director name: Mr Andrew Walker
Amount sold: 30,214 @ 167.00p
Value: £50,457

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