4th Apr 2005 16:48
InterContinental Hotels Group PLC04 April 2005 4 April 2005 InterContinental Hotels Group PLC Directors' Interests in Shares On 4 April 2005, options were granted over InterContinental Hotels Group PLCordinary shares under the Company's Executive Share Option Plan ("the Plan") toeligible employees, including the following executive directors of the Company. Director Number of shares under Option Option Price A P Cosslett 157,300 619.83pR M Hartman 118,810 619.83pS D Porter 96,370 619.83pR L Solomons 100,550 619.83p The rules of the Plan require the achievement of a performance condition beforeany options can be exercised. The options will be exercisable between April 2008 and April 2015. The numbersof shares referred to represent the maximum numbers that could be acquired ifthe performance condition is met in full. In addition to the grant of options under the Executive Share Option Plan, Mr AP Cosslett was, on 1 April 2005, awarded conditional rights overInterContinental Hotels Group PLC ordinary shares under the Company's Short TermDeferred Incentive Plan ("STDIP") and the Performance Restricted Share Plan ("PRSP"). These awards form part of Mr Cosslett's recruitment terms. Under the terms of the STDIP, Mr Cosslett has been awarded conditional rightsover 79,832 shares. 50% of this award will vest on the first anniversary of theaward date and the remaining 50% will vest on the second anniversary of theaward date. Under the terms of the PRSP, the maximum number of shares that can betransferred if performance conditions are met in full are as follows: Maximum Share Award End of Performance Period 68,216 31 December 2005136,432 31 December 2006 Name of contact for this RNS Announcement: Catherine Springett Tel: +44 1753 410 242Head of SecretariatInterContinental Hotels Group PLC 4 April 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
InterContinental Hotels