Payment to Director

27th Apr 2007 17:33

Colefax Group PLC27 April 2007 Colefax Group Plc (the "Company") Payment to Director in Lieu of the Exercise of Share Options On 27th April 2007 the company agreed with Miss Key Hall, a director of thecompany and chief executive of the company's US subsidiary, that it will makeher a cash payment of £145,600 prior to 30 April 2007 in lieu of the exercise ofthe following Executive share options: 20,000 options at an exercise price of 111p granted on 24th July 1997100,000 options at an exercise price of 83p granted on 6th April 1999 The amount of the cash payment is equivalent to the difference between theexercise price of the shares and the closing mid-market price of an ordinaryshare of 10p each in the company on 26th April 2007 of 2.09p. Enquiries: Rob Barker - Finance Director - 020 7318 6007 END This information is provided by RNS The company news service from the London Stock Exchange

---

Related Shares:

Colefax Grp.