6 Jun 2008 07:00
Hogg Robinson Group PLC
5 June 2008
Hogg Robinson Group (the 'Company')
Directors' interest in shares
Hogg Robinson Group Plc was informed on 5 June 2008 of the following purchases of the Company's shares:
(1) John Coombe, the Chairman has purchased 43,000 ordinary shares of 1p each ("ordinary shares") on 5 June 2008, being market purchased shares at a price of 44.4969 pence per share. Following this purchase, Mr Coombe holds 361,269 ordinary shares representing approximately 0.12% of the total voting rights of the Company (see Note below);
(2) David Radcliffe, the Chief Executive has purchased 35,000 ordinary shares each on 5 June 2008 being market purchased shares at a price of 44.4969 pence per share. Following this purchase, Mr Radcliffe holds 1,740,500 ordinary shares representing approximately 0.57% of the total voting rights of the Company;
(3) Julian Steadman, the Group Finance Director has purchased 87,000 ordinary shares each on 5 June 2008 being market purchased shares at a price of 44.4969 pence per share. Following this purchase, Mr Steadman holds 237,000 ordinary shares representing approximately 0.08% of the total voting rights of the Company;
Pursuant to awards made under the Company's Performance Share Plan ('PSP') and Company Share Option Plan ('CSOP') the following additional director's interest in the ordinary share capital of the Company are notified:
(4) In addition to the shares previously held, David Radcliffe is now additionally interested in 430,841 ordinary shares awarded under the PSP and an option to acquire 1,437,494 ordinary shares under the CSOP. The vesting of such shares are subject to the terms of the relevant plans including the performance criteria as previously set out in the prospectus published by the Company on 9th October 2006. The exercise price of the options under the CSOP was determined by the Remuneration Committee as being 44p, the mid-market price of the Company's ordinary shares at the close of business on 3 June 2008.
(5) In addition to the shares previously held, Julian Steadman is now additionally interested in 313,579 ordinary shares awarded under the PSP and an option to acquire 1,046,250 ordinary shares under the CSOP. The vesting of such shares are subject to the terms of the relevant plans including the performance criteria as previously set out in the prospectus published by the Company on 9th October 2006. The exercise price of the options under the CSOP was determined by the Remuneration Committee as being 44p, the mid-market price of the Company's ordinary shares at the close of business on 3 June 2008.
Note: HRG's issued share capital consists of 306,833,065 ordinary shares with
voting rights. No ordinary shares are held in Treasury.
- ENDS -EnquiriesHogg Robinson Group plc
Keith Burgess, Company Secretary +44 (0) 1256 312 600
vendor