27th Mar 2008 11:45
Wren Homes Group PLC27 March 2008 For immediate release27 March 2008 Wren Homes Group plc ("Wren" or "the Company") Re: Settlement of Service Contract Further to the announcement dated 7 February 2008 concerning the resignation ofPeter West as a director, Wren Homes Group Plc announces that it has enteredinto an agreement with him in respect of the termination of his service contractwith the Company. Under the agreement, in respect of which Wren has been advised by its legaladvisers, Peter West will receive an aggregate of £131,000 payable over sixmonths and calculated by reference to his service contract. Wren's directorsconsider, having consulted with its nominated adviser, that the terms of thetransaction are fair and reasonable insofar as its shareholders are concerned. EnquiriesWren Homes Group plcPaul Treadaway, Managing Director Tel: 01372 742 244www.wrenhomesplc.co.uk FinnCapLeslie Kent (Sales) Tel: 020 7600 1658Matthew Robinson/Charles Cunningham(Corporate Finance) Adventis Financial PRTarquin Edwards Tel: 020 7034 4758 / 07879 458 364Chris Steele Tel: 020 7034 4759 / 07979 604 687 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Wt Rene Etf