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16 Aug 2012 15:40
For immediate release 16 August 2012
Millennium & Copthorne Hotels plc
Long Term Incentive Awards
On 16 August 2012 the following executive director and other persons discharging managerial responsibility ("PDMRs") of the Company, were granted awards ("Awards") entitling them to receive ordinary shares of 30 pence in the Company under the Millennium & Copthorne Hotels Long Term Incentive Plan:
Executive Director | Number of shares covered by Performance Share Award |
Wong Hong Ren | 203,898 |
Other PDMRs | Number of shares covered by Performance Share Award |
John Chang | 36,597 |
Fabrizio Gaggio | 29,278 |
Ali Hamad Ali Lakhraim Al Zaabi | 23,341 |
Clive Harrington | 21,540 |
David Cockburn | 10,996 |
Lawrence Yip | 9,077 |
Lim Boon Kwee | 11,826 |
The Awards will normally vest on the third anniversary of the grant date, subject to continued employment and achievement of performance conditions based on achievement of earnings per share growth for 50% of the share award and relative Total Shareholder Return performance for the remaining 50% of the awards.
No consideration was paid for the grant of the awards and no payment is due on the vesting and exercise of these awards.
Adrian Bushnell
Company Secretary
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