22 May 2015 15:09
Hogg Robinson Group plc
22 May 2015
Hogg Robinson Group
(the 'Company')
Directors' interest in shares
The Company hereby notifies that on 21 May 2015, the following annual awards were made under the Company's Performance Share Plan ("PSP") as part of the Company's continuing Long Term Incentive Plan.
PSP awards
David Radcliffe 795,174
Kevin Ruffles 533,666
These awards are made in accordance with the Directors' Remuneration Policy Report which was approved by shareholders at the 2014 AGM. The potential vesting of the awards is subject to (i) the terms of the PSP, and (ii) performance criteria which measure total shareholder return and cumulative underlying earnings per share. In common with previous awards, the vesting period is three years ending, in respect of these awards, on 21 May 2018.
David Radcliffe continues to be beneficially interested in 3,104,020 shares in the Company, representing 0.96% of the Company's issued share capital and, based on a share price of 53.875p, equal to 3.90 times his annual basic salary. He also continues to be beneficially interested in a further 1,114,896 options which vested under the CSOP on 21 June 2013 and 189,277 options which vested under the CSOP on 27 May 2014.
Kevin Ruffles continues to be beneficially interested in 687,888 shares in the Company representing 0.21% of the Company's issued share capital and, based on a share price of 53.875p, equal to 1.29 times his annual basic salary. He also continues to be beneficially interested in a further 115,201 options which vested under the CSOP on 27 May 2014.
Notification of each of the above transactions is now made in accordance with Disclosure Rule 3.1.4R.
- ENDS -
Enquiries
Hogg Robinson Group plc
Keith Burgess, Company Secretary +44 (0) 1256 312 600