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HOGG ROBINSON | Directorpdmr Shareholding | RNS




23 February 2011

HOGG ROBINSON GROUP PLC

(`HRG' or `the Company')

DIRECTORS' SHAREHOLDING

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
3.1.4R.

- Ends -

Enquiries

Hogg Robinson Group +44 (0)1256 312 600

Keith Burgess, Company Secretary

www.hoggrobinsongroup.com



END



Hogg Robinson Group plc is a United Kingdom-based holding company. The Company is an international corporate services company engaged in travel, expense and data management. It has two core activities: Travel Management, which is analyzed into three geographic segments, including Europe, North America and Asia Pacific, and Spendvision. The Company's services include data management, travel management, technology and expense management. It provides total transaction management solutions. The Company offers systems and applications of any travel management company covering operational processes, such as booking, expense management, reporting and traveler tracking through solutions, such as HRG i-Suite, HRG Online and HRG Travel Watch, as well as itinerary management and information tools, such as HRG Trip and HRG Timetable. Its subsidiaries include HRG Debtco Limited, Farnborough Limited, Hogg Robinson plc, Hogg Robinson Holdings BV and Fraedom Holdings Limited, among others. more »

Share Price (Full)
63.75p
Change
0.2%
Mkt Cap (£m)
207
P/E (fwd)
8.3
Yield (fwd)
4.0


 
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