9th Mar 2006 16:14
InterContinental Hotels Group PLC09 March 2006 9 March 2006 InterContinental Hotels Group PLC ("IHG PLC or the Company") Directors' Interests in Shares The following Directors and other persons discharging managerial responsibilityhave been awarded conditional rights over the numbers of ordinary IHG PLC sharesshown below under the Company's Short Term Deferred Incentive Plan ("the Plan").The Awards were made on 8th March 2006. Director Number of IHG shares awarded Andrew Cosslett 105,276Richard Hartman 64,518Stevan Porter 67,557Richard Solomons 67,296 Other Persons Discharging Managerial Responsibility Peter Gowers 45,510Richard Winter 49,560 Under the terms of the Plan, participants are normally paid their annualperformance bonus in IHG PLC shares ("bonus shares"), deferred over a three yearperiod. The shares will normally be released in equal amounts on the first,second and third anniversary of the award date, and are conditional on thedirectors' continued employment with the Group until each release date. The above figures include matching shares awarded by the Company of 0.5 timesthe deferred amount, in accordance with the terms of the Plan. Following the award of shares to participants, the Employee Share OwnershipTrust will hold 1,188,269 IHG PLC shares. The following directors and personsdischarging managerial responsibility, who are among the potential beneficiariesof the ESOT- Andrew Cosslett, Richard Hartman, Stevan Porter, Richard Solomons,Tom Conophy, Peter Gowers, Tracy Robbins and Richard Winter- are technicallydeemed to be interested in those shares. ---------------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