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18 Mar 2010 15:17
18 March 2010
Thomas Cook Group plc (the "Company")
Disclosure under DTR 3.1.2R
On 17 March 2010, Manny Fontenla-Novoa, Group Chief Executive, exercised a nil cost option over 139,054 Ordinary Shares of €0.10 each ('Shares') held under the Thomas Cook Group plc 2007 Performance Share Plan. The option was awarded in 2007 subject to an Earnings per Share performance condition. The extent to which the performance condition was satisfied was independently verified and resulted in 98% of the original award vesting and being capable of being exercised.
EES Trustees International Limited, The Trustee of the Thomas Cook Group plc 2007 Employee Benefit Trust (the "Trustee"), has notified the Company that, following the exercise on 17 March 2010, Mr Fontenla-Novoa sold 57,128 Shares at a price of £2.43 to cover income tax and National Insurance liabilities and brokers' commission.
Mr Fontenla-Novoa retained the balance of 81,926 Shares, which together with his existing holding brings his total shareholding to 832,651 Shares (0.097% of the issued share capital of the Company).
Names and Contact Numbers:
Bronwen Griffiths-Barrasso:
Media enquiries
Tel +44 (0) 1733 417268
Derek Woodward
Group Company Secretary
Tel +44 (0) 7557 6415
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