30th Sep 2013 16:00
RNS Notification required by DTR 3.1.4R(1)
30 September 2013
Thomas Cook Group plc (the "Company") announces that on 30 September 2013 it made awards under the Thomas Cook Group plc 2007 Performance Share Plan (the "PSP") to the following Persons Discharging Managerial Responsibilities (each, a "PDMR"):
PDMR | Number of Ordinary Shares of €0.01 awarded | Total number of Shares held under the PSP following this notification
|
Harriet Green, Executive Director & Group CEO | 922,033 | 8,117,349 |
Michael Healy, Executive Director & Group CFO | 610,169
| 3,494,069 |
Peter Fankhauser, CEO, UK and Continental Europe | 610,169 | 3,785,604 |
Christoph Debus, Group Head of Air Travel | 548,575 | 548,575 |
The shares will vest subject to the achievement of stretching performance targets over a three year period. 45% of the award will be based on the achievement of share price targets, 30% of the award will be based on the achievement of Group EBIT targets and 25% of the award will be based on cash conversion targets. The Board remains determined to ensure that executive pay is linked to Company performance and is aligned with its transformation objectives and profitable growth strategy.
Further details of the awards will be set out in the 2012/2013 Annual Remuneration Report, which will be included in the Company's Annual Report & Accounts 2013.
The Company consulted with its major shareholders and the major governance bodies prior to making this award and received positive, supportive and constructive feedback.
Enquiries:
Thomas Cook Group plcJenny Peters, Group Head of Communications Geoffrey Pelham-Lane, Group Head of Investor RelationsDerek Woodward, Group Company Secretary
| +44 7568 105 144 +44 20 7557 6414+44 20 7557 6415 |
FTI ConsultingAndrew Lorenz | +44 7775 641 807 |
Related Shares:
Thomas Cook