5th Aug 2015 07:00
5 August 2015
Hogg Robinson Group
(the 'Company')
Directors' interest in shares
The Company hereby notifies that David Radcliffe exercised an option on 30 July 2015 in respect of 1,114,896 shares which had previously vested under the Company's Share Option Plan ("CSOP") on 1 June 2012.
This option was satisfied by the issue of 638,827 new issue shares in the form of equity-settled share appreciation rights, calculated using the relevant exercise price (29.25p) and the market closing price of the Company's shares for the day immediately prior to the exercise (68.5p). The Company further notifies that on 4 August 2015, David Radcliffe sold 608,827 shares resulting from the exercise of this option at an average price of 66p.
David Radcliffe's holding of shares in the Company has increased to 3,134,020 shares (0.96% of the Company's issued share capital), as a result of retaining the remaining shares resulting from the exercise of this previously vested CSOP award. Based on a share price of 66p, this holding represents 4.81% times his annual basic salary. He also continues to be beneficially interested in a further 189,277 option shares which vested under the CSOP on 27 May 2014.
Notification of the above transactions is now made in accordance with Disclosure Rule 3.1.4R.
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Enquiries
Hogg Robinson Group plc
Keith Burgess, Company Secretary +44 (0) 1256 312 600
Related Shares:
Hogg Robinson Group