Director/PDMR Shareholding

RNS Number : 8266Q

InterContinental Hotels Group PLC

02 December 2016

 

InterContinental Hotels Group PLC

Notification of Transaction by Director, Person Discharging Managerial Responsibilities or Person Closely Associated

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ranjay Radhakrishnan
2	Reason for the notification
a)	Position/status	Chief Human Resources Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	InterContinental Hotels Group PLC
b)	LEI
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares GBOOBYXK6398
b)	Nature of the transaction	Grant of Awards under InterContinental Hotels Group PLC Annual Performance Plan (APP) and Long Term Incentive Plan (LTIP)
c)	Price(s) and volume(s)	APP Award: Condititional rights over a total of 31,836 free shares; the number of shares calculated by reference to a price of GBP32.81, being the MMQ of the Company's share price at the close of business on the dealing day preceding the date of grant; and comprising: 12,068 shares vesting on 23 February 2018; and 19,768 shares vesting on 22 February 2019. The award is conditional and may be forfeited if Ranjay Radhakrishnan ceases employment with the Group before the vesting dates. LTIP Awards: Condititional rights over a total of 25,061 free shares; the number of shares calculated by reference to a price of GBP32.81, being the MMQ of the Company's share price at the close of business on the dealing day preceding the date of grant; and comprising: 2015/2017 LTIP The maximum number of shares that can be transferred if performance conditions are met in full: 8,573 shares; The awards will vest on the business day after the announcement of the Company's 2017.12.31 year end financial results, subject to the satisfaction of performance conditions 2016/2018 LTIP The maximum number of shares that can be transferred if performance conditions are met in full: 16,488 shares; The awards will vest on the business day after the announcement of the Company's 2018.12.31 year end financial results, subject to the satisfaction of performance conditions
d)	Aggregated information - Aggregated volume - Price	As noted in 4c above As noted in 4c above
e)	Date of the transaction	2016-12-01
f)	Place of the transaction	Outside a trading venue

 

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