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13 Jan 2009 12:40
RNS Notification required by DR3.1.4R(1)
Thomas Cook Group plc
Purchase of ordinary shares of €0.10 in Thomas Cook Group plc ("Shares" and the "Company", respectively) by Directors of the Company under the terms of the Thomas Cook Group plc 2008 Co-Investment Plan ("COIP") and award of options under the COIP and the Thomas Cook Group plc 2007 Performance Share Plan ("PSP") incorporating the Tax Efficient Sub Plan ("TESP")
Halifax EES Trustees International Limited, the Trustee of the Thomas Cook Group plc 2007 Employee Benefit Trust (the "Trustee"), notified the Company on 12 January 2009 that:
The Trustee had received £600,000 from Manny Fontenla-Novoa and £250,000 from Juergen Bueser with instructions to acquire shares in the Company on their behalf. Using such funds, the Trustee acquired the Shares set out against the Directors' names as nominee under the terms of the COIP on 9 and 12 January 2009:
|
Director |
Number of shares acquired at £1.924358 |
Percentage of issued share class acquired |
Total holding of shares following this acquisition |
Total percentage of shares held following acquisition |
|
Manny Fontenla-Novoa |
311,793 |
0.04 |
551,446 |
0.06 |
|
Juergen Bueser |
129,914 |
0.02 |
151,040 |
0.02 |
The Trustee granted options to acquire the following Shares in the Company for nil exercise price in order to provide the matching share entitlement under the COIP to the following Directors of the Company:
|
Director |
Number of shares over which options granted |
Date of Grant |
Total number of shares over which options are held under the COIP following this notification |
|
Manny Fontenla-Novoa |
1,091,275 |
12 January 2009 |
1,682,810 |
|
Juergen Bueser |
454,699 |
12 January 2009 |
528,640 |
The matching share entitlement will vest on the third anniversary of its date of grant and will lapse on the tenth anniversary of that date. Vesting is dependent on performance targets being met.
On 9 January 2009 the Trustee also granted options under the PSP to the following Directors:
|
Director |
Number of ordinary shares of €0.10 over which options granted |
Date of Award |
Exercise price |
Total number of ordinary shares over which options are held under the PSP following this notification |
|
Manny Fontenla-Novoa |
791,223 (PSP) 15,957 (TESP)1 |
9 January 2009 |
Nil cost £1.88 |
1,464,583 (PSP)
15,957 (TESP) |
|
Juergen Bueser |
339,096 (PSP) 15,957 (TESP)1 |
9 January 2009 |
Nil cost £1.88 |
483,741 (PSP)
15,957 (TESP) |
The options granted to the Directors will vest and become exercisable three years from the date of the award subject to performance conditions being satisfied and will lapse if not exercised within ten years of the date of award.
Name and Contact Number:
Derek Woodward: 0207 034 7578
1 At the date of exercise, to the extent that there is a gain on the TESP option, PSP options will be forfeited to the same value
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