InterContinental Hotels Group PLC
04 April 2005
4 April 2005
InterContinental Hotels Group PLC
Directors' Interests in Shares
On 4 April 2005, options were granted over InterContinental Hotels Group PLC
ordinary shares under the Company's Executive Share Option Plan ("the Plan") to
eligible employees, including the following executive directors of the Company.
Director Number of shares under Option Option Price
A P Cosslett 157,300 619.83p
R M Hartman 118,810 619.83p
S D Porter 96,370 619.83p
R L Solomons 100,550 619.83p
The rules of the Plan require the achievement of a performance condition before
any options can be exercised.
The options will be exercisable between April 2008 and April 2015. The numbers
of shares referred to represent the maximum numbers that could be acquired if
the performance condition is met in full.
In addition to the grant of options under the Executive Share Option Plan, Mr A
P Cosslett was, on 1 April 2005, awarded conditional rights over
InterContinental Hotels Group PLC ordinary shares under the Company's Short Term
Deferred 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 rights
over 79,832 shares. 50% of this award will vest on the first anniversary of the
award date and the remaining 50% will vest on the second anniversary of the
award date.
Under the terms of the PRSP, the maximum number of shares that can be
transferred if performance conditions are met in full are as follows:
Maximum Share Award End of Performance Period
68,216 31 December 2005
136,432 31 December 2006
Name of contact for this RNS Announcement:
Catherine Springett Tel: +44 1753 410 242
Head of Secretariat
InterContinental Hotels Group PLC
4 April 2005
This information is provided by RNS
The company news service from the London Stock Exchange
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