10 Jun 2011 07:55
X5 Retail Group N.V.
EXERCISE OF OPTIONS BY FORMER CEO
Amsterdam, 10 June 2011 - X5 Retail Group N.V. announces the exercise of options granted under tranches 2, 3 and 4 of the Company's Employee Stock Option Plan (the 'ESOP'), by Mr. Lev Khasis, former Chief Executive Officer, on 08 June 2011:
Number of options | Exercise price | Number of GDRs sold | Sale price |
810,000 | USD 28.58 | 810,000 | USD 40.82 |
860,625 | USD 33.43 | 860,625 | USD 40.82 |
860,625 | USD 13.91 | 860,625 | USD 40.82 |
Mr. Khasis' employment contract terminated effective 1 June 2011. In accordance with the ESOP Rules, he is entitled to exercise his options within three months after the employment termination date.
Enquiries: Frank Lhoëst
Company Secretary
X5 Retail Group N.V.
Parkstraat 20
2514 JK The Hague
The Netherlands
Tel +31 (0)70 3105080
X5 Retail (FIVE)