14th Mar 2005 18:01
InterContinental Hotels Group PLC14 March 2005 14 March 2005 InterContinental Hotels Group PLC Directors' Interests in Shares In respect of the conditional rights over InterContinental Hotels Group PLC ("Company") ordinary shares awarded to a number of directors on 18 June 2003 underthe Company's Performance Restricted Share Plan ("PRSP"), the following numbersof shares were transferred from the Company's Employee Share Ownership Trust ("ESOT") on 11 March 2005: Director Number of shares transferred Mr R M Hartman 50,368Mr R L Solomons 38,978 The awards are based on performance to 31 December 2004 and relate to theCompany's total shareholder return against a group of 11 other comparatorcompanies. The Company finished in fourth place and, accordingly, 60% of themaximum potential award vested on 11 March 2005, in accordance with the rules ofthe Plan. The share numbers shown above are net of income tax liabilities. MrS D Porter's entitlement to 46,127 shares under the PRSP was settled in cash. Following the release of the above shares, the Employee Share Ownership Trustwill hold 2,261,793 IHG shares. The following directors, who are among thepotential beneficiaries of the ESOT- Mr A P Cosslett, Mr R M Hartman, Mr S DPorter and Mr R L Solomons - are technically deemed to be interested in thoseshares. ---------------Ends-------------- Name of Contact for this RNS Announcement: Catherine Engmann Tel: 01753 410 243Company SecretariatInterContinental Hotels Group PLC This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
InterContinental Hotels