TPG.L Regulatory News (TPG)

12 Apr 2007 09:36

Corac Group Plc12 April 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 2 April 2007, the Company granted options over Shares to the Directors namedbelow: Prof. Gerry Musgrave, Chairman of the Company - 85,469 options over Shares underthe EMI scheme, and 484,531 options over Shares under the Company's unapprovedscheme; Julian Reed, Engineering Director of the Company - 85,469 options over Sharesunder the EMI scheme, and 199,531 options over Shares under the Company'sunapproved scheme; Tom Ivings, Finance Director & Company Secretary - 240,000 options over Sharesunder the Company's unapproved scheme. All of the above awards are exercisable at a price of 39 pence, between 2 April2008 and 2 April 2015, subject to the satisfaction of certain performanceconditions. After these grants, these directors had options over the following number ofShares: Prof. Gerry Musgrave - 1,843,334. Julian Reed - 798,334. Tom Ivings - 590,000. 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