RNS Number:6984P
BWD Securities PLC
12 September 2003



BWD SECURITIES PLC

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
END

RDSEANNAFLFDEEE