11th May 2006 12:00
Lookers PLC11 May 2006 11 May 2006 LOOKERS plc CHANGES TO DIRECTORS' SERVICE CONTRACTS Lookers plc ("Lookers") announces the following changes to the service contractsof two of its executive directors. Of the six executive directors of Lookers, all but two have service contractsproviding for a notice period of one year in the event of termination of thecontract by the Company. The exceptions are Ken Surgenor, Chief Executive, andDavid Blakeman, Director and Company Secretary, whose contracts provide for atwo year notice period. The Board believes that it is appropriate to standardise notice periods forexecutive directors at one year and has therefore agreed with Mr Surgenor and MrBlakeman that the terms of their service agreements will be amended so as toreduce the notice period to one year. Enquiries: Lookers plc Telephone: 0161 291 0043 David Dyson Finance Director This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
LOOK.L