Last checked at 2 Dec 2016 11:00
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 |