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Hogg Robinson

HRG 69p -1.0  -1.4%
26/05/17 5.00k

« All RNS

HOGG ROBINSON | Directorpdmr Shareholding | RNS

23 February 2011


(`HRG' or `the Company')


Pursuant to awards made under the Company's Performance Share Plan ('PSP') the
following transactions in the Company's ordinary shares of 1p each ("the
Company's shares") is notified:

Julian Steadman has formally exercised his entitlement in respect of 135,993
options in the Company's shares for nil consideration under the terms of the
PSP and notified the Company of that transaction on 18 January 2011. These were
time-based options which had been awarded as part of Mr Steadman's terms and
conditions on joining the Company in December 2007. As announced at that time,
these awards vested on a straight line basis since the commencement of his
employment and were subject to no performance conditions other than his
continued employment after the date of the award. The average price of the
Company's shares over the period of vesting was 31.888p, and the price at the
close of trading on the date of exercise was 41.5p.

In accordance with the Company's stated policy on the satisfaction of awards
under the PSP, the relevant shares were satisfied by the transfer of existing
shares from the HRG Employment Benefit Trust on 8 February 2011, and there is
accordingly no change to the Company's issued share capital.

Subsequent to the exercise of this option, the relevant shares were registered
in the name of Mr. Steadman's spouse, Barbara Helen Steadman. Mr Steadman is
now interested in a total of 1,047,377 shares in the Company (0.34%) all of
which are registered in the name of his spouse.

Notification of this transaction is now made in accordance with Disclosure Rule

- Ends -


Hogg Robinson Group +44 (0)1256 312 600

Keith Burgess, Company Secretary



Hogg Robinson Group plc is a United Kingdom-based holding company. The Company is an international corporate services company, which provides cloud-based software to help clients in travel, expense, payments and data management. It has two core activities: Travel Management, which is analyzed into three geographic segments, including Fraedom Travel, and Technology, which includes the Fraedom Payments and Expense operations. The Company is an international business-to-business (B2B) service company. The Company has three geographical corporate travel segments: Europe, North America and Asia Pacific. The Company's subsidiaries are engaged in the holding and financing, Technology, Travel Management and Support services. The Company's subsidiaries include HRG Debtco Limited, Farnborough Limited, Hogg Robinson plc, Hogg Robinson (Travel) Limited, Hogg Robinson Money Matters Limited, Farnborough Finance (2007) Limited, Fraedom Holdings Limited, Fraedom UK Limited and Wilson Albany Limited. more »

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