InterContinental Hotels Group PLC Director/PDMR Shareholding (8266Q)

TIDMIHG

RNS Number : 8266Q

InterContinental Hotels Group PLC

02 December 2016

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 
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 a)   Name 
                                   Ranjay Radhakrishnan 
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 2    Reason for the notification 
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 a)   Position/status            Chief Human Resources Officer 
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 b)   Initial notification       Initial 
       /Amendment 
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 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------------ 
 a)   Name                       InterContinental Hotels Group 
                                  PLC 
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 b)   LEI 
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 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            Ordinary Shares 
       of instrument 
                                   GBOOBYXK6398 
       Identification 
       code 
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 b)   Nature of the              Grant of Awards under InterContinental 
       transaction                Hotels Group PLC Annual Performance 
                                  Plan (APP) and Long Term 
                                  Incentive Plan (LTIP) 
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 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         As noted in 4c above 
       - Price                     As noted in 4c above 
---  -------------------------  --------------------------------------- 
 e)   Date of the transaction    2016-12-01 
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 f)   Place of the transaction   Outside a trading venue 
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This information is provided by RNS

The company news service from the London Stock Exchange

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December 02, 2016 06:00 ET (11:00 GMT)