Signet Chief in Line for Pounds 9m Payoff On Takeover

Evening Standard - London › August 04, 2006

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Summary

THE boss of the Ernest Jones-to-H Samuel jewellery stores owner Signet can look forward to a Pounds 9 million payday should a pair of private-equity houses launch a takeover of the business.

Terry Burman's sparkling windfall would come from generous " termination payments" which would kick in should KKR and Apax follow through their threat to wrest control of Signet - stock holdings and potential rich pickings from a booty of share options built up over an 11-year career with the firm, the last six as its group chief executive.

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Signet Chief in Line for Pounds 9m Payoff On Takeover

Apax and KKR have confirmed that they are prepared to offe...

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