InterX PLC
12 April 2000
INTERX PLC ('INTERX' OR THE 'COMPANY')
Changes to the Board and notification of Directors' Interests
Following the completion of the acquisition of Cromwell Media Limited on
7 April 2000 and the placing of certain of the interests of the
directors of InterX, details of which are set out in the Circular dated
10 March 2000, the board of InterX announces that the following changes
in the composition of the Board have taken place with effect from 7
April 2000:
* Philip Crawford has joined the Board as a non-executive director;
* Philip Sant has joined the Board as Group Technology Director;
* James Feeney has joined the Board as executive director with
responsibility for identifying strategic opportunities; and
* Konrad Goess-Saurau has resigned as a director of the Company.
The beneficial interests of the directors of InterX in the ordinary
shares of 5p each in the Company ('Ordinary Shares') are as follows:
Ordinary % of the
Shares Company
James Becher-Wickes 2,732,800 7.8
Philip Sant 2,406,980 6.9
Simon Barker 2,063,700 5.9
James Feeney (Note 1) 1,329,485 3.8
Philip Crawford (Note 1) 570,427 1.6
Ian French 20,238 0.1
John Hancox 19,500 0.1
Richard Jewson 28,750 0.1
Simon Miesegaes 41,071 0.1
The total of the above beneficial interests of directors of InterX of
9,212,951 Ordinary Shares represents 26.4 per cent. of the issued share
capital of the Company of 34,825,426 Ordinary Shares of 5p each
following the completion of the acquisition and the placing and open
offer.
Simon Barker has a non-beneficial interest in 114,900 Ordinary Shares.
These shares are held in trusts of which he is a trustee. James Becher-
Wickes has a non-beneficial interest in 114,900 Ordinary Shares. These
shares are held in trusts of which he is a trustee.
Each of the directors of InterX has undertaken not to dispose of
Ordinary Shares for a period of 18 months from 10 March 2000, with the
exception of Ian French, as Chief Executive of Ideal Hardware plc, to
whom a shorter period relating to the sale of Ideal applies.
Kevin Harper, Mark Knight and Robert Lewis who hold, in aggregate, a
further 20.6 per cent. of the issued share capital of the Company, have
also undertaken not to dispose of Ordinary Shares for a period of 18
months from 10 March 2000.
The following directors of InterX are also beneficially interested in
options over Ordinary Shares:
Date of Number Exercise Exercise dates
Grant of price
Shares from to
Simon Miesegaes 24/04/1998 10,000 345.0p 2001 2005/2008
Simon Miesegaes 19/11/1998 12,000 250.0p 2001 2005
Simon Miesegaes 06/04/2000 90,000 1187.5p 2001 2010
Ian French 19/11/1998 14,500 250.0p 2001 2005/2008
Note:
1. The beneficial interests held by Philip Crawford and James
Feeney are held entirely in the form of options over Ordinary
Shares already issued and currently held by The Monument Trust
Company. These options were received by Messrs. Crawford and
Feeney as consideration for options held over shares in Cromwell
Media Limited prior to the Acquisition. Philip Crawford's
options are exercisable as to 320,009 immediately and 320,010 on
8 February 2001. James Feeney's options are exercisable in full
immediately.
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