17th Mar 2006 16:16
InterContinental Hotels Group PLC17 March 2006 17 March 2006 INTERCONTINENTAL HOTELS GROUP PLC Notification of transactions of directors, persons discharging managerial responsibility or connected persons In respect of the conditional rights over InterContinental Hotels Group PLC ("Company") ordinary shares awarded to a number of participants in the Company'sShort Term Deferred Incentive Plan ("STDIP") on 16 March 2005, the followingnumbers of shares were transferred from the Company's Employee Share OwnershipTrust ("ESOT") to the following directors and other persons dischargingmanagerial responsibility on 16 March 2006: Director Number of shares transferred Richard Hartman 29,447Stevan Porter 29,978Richard Solomons 29,020 Other Persons Discharging Managerial Responsibility Peter Gowers 19,899Patrick Imbardelli 20,941Richard Winter 21,689 Under the terms of the Plan, the above participants were paid their annualperformance bonus in IHG PLC shares, deferred over a three year period. Theshares are released in equal amounts on the first, second and third anniversaryof the award date, conditional on the individual's continued employment with theGroup until each release date. The release of the above shares took place on the first anniversary of grant, inaccordance with the terms of the Plan. Following the release of the shares to participants, the Employee ShareOwnership Trust will hold 2,280,531 IHG PLC shares. The following directors andpersons discharging managerial responsibility, who are among the potentialbeneficiaries of the ESOT- Andrew Cosslett, Richard Hartman, Stevan Porter,Richard Solomons, Tom Conophy, Peter Gowers, Patrick Imbardelli, Tracy Robbinsand Richard Winter- are technically deemed 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