TPG.L Regulatory News (TPG)

28 Dec 2007 14:48

Corac Group Plc28 December 2007 28 December 2007 Corac Group PLC (the "Company") Notification of a change in the interests of Directors The Company announces the following changes to the interests of Directors in theCompany's ordinary shares of 10p each ("Shares"). On 27 December 2007, the Company granted options over Shares to the Directorsnamed below: Prof. Gerry Musgrave, Chairman of the Company - 350,000 options over Sharesunder the Company's unapproved scheme; Julian Reed, Engineering Director of the Company - 200,000 options over Sharesunder the Company's unapproved scheme. The above awards are exercisable at a price of 51.5 pence, between 27 December2008 and 27 December 2015, subject to the satisfaction of certain performanceconditions. After these grants, these directors had an interest in the following number ofShares: Prof. Gerry Musgrave - 1,670,530 ordinary shares representing 1.94% of theCompany's issued share capital and 2,193,334 options over the Company's shares. Julian Reed - 13,300 ordinary shares representing 0.02% of the Company's issuedshare capital and 911,668 options over the Company's shares. For further information: Corac Group plc 01895 813463Prof. Gerry Musgrave, Executive ChairmanTom Ivings, Finance Director Buchanan Communications 020 7466 5000Richard Darby, Suzanne Brocks, Ben Romney This information is provided by RNS The company news service from the London Stock Exchange