24th Feb 2009 17:14
24 February 2009
INTERCONTINENTAL HOTELS GROUP PLC
Notification of transactions by directors, persons discharging managerial responsibility or connected persons
Jim Abrahamson, President, The Americas, has been awarded conditional rights over 135,000 InterContinental Hotels Group PLC ("Company") ordinary shares. One-third of these shares (ie, 45,000) will vest on the first, second and third anniversaries of Mr Abrahamson joining the Company. These awards form part of Mr Abrahamson's recruitment terms.
In addition, Mr Abrahamson has been granted conditional rights over the Company's ordinary shares under the Long Term Incentive Plan ("LTIP"). Under the terms of the LTIP, the maximum numbers of shares that can be transferred if performance conditions are met in full are as follows:
Performance Period Number of Shares
2007 to 2009 82,486
2008 to 2010 164,973
The performance measurement periods are from 1 January 2007 to 31 December 2009 and 1 January 2008 to 31 December 2010. The awards will vest on the business day after the announcement of the Company's 2009 and 2010 year end financial results.
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Name of Contact for this RNS Announcement:
Helen Martin Tel: 01895 512244
Company Secretariat
InterContinental Hotels Group PLC
Related Shares:
InterContinental Hotels