Business
Payment to Director
Payment to Director.
About this update from Colefax Group Plc
[{"type":"text","content":"\n Colefax Group PLC\n27 April 2007\n\n\n\n\n Colefax Group Plc (the 'Company')\n\n Payment to Director\n\n in Lieu of the Exercise of Share Options\n\n\nOn 27th April 2007 the company agreed with Miss Key Hall, a director of the\ncompany and chief executive of the company's US subsidiary, that it will make\nher a cash payment of £145,600 prior to 30 April 2007 in lieu of the exercise of\nthe following Executive share options:\n\n\n20,000 options at an exercise price of 111p granted on 24th July 1997\n100,000 options at an exercise price of 83p granted on 6th April 1999\n\n\nThe amount of the cash payment is equivalent to the difference between the\nexercise price of the shares and the closing mid-market price of an ordinary\nshare of 10p each in the company on 26th April 2007 of 2.09p.\n\n\nEnquiries:\n\nRob Barker - Finance Director - 020 7318 6007\n\n\nEND\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1293,"tagName":"div"}]