Euromoney Institutional InvestorPLC Euromoney - Director/PDMR Shareholding (4087L)
September 30 2016 - 11:51AM
UK Regulatory
TIDMERM TIDMDMGT
RNS Number : 4087L
Euromoney Institutional InvestorPLC
30 September 2016
EUROMONEY INSTITUTIONAL INVESTOR PLC ("EUROMONEY")
DIRECTOR'S EXERCISE OF SHARE AWARD
SEPTEMBER 30, 2016
As announced on October 1, 2015, Andrew Rashbass, an executive
director and CEO of Euromoney, was granted an award of 221,011
ordinary shares of 0.25p in accordance with the Remuneration Policy
approved by shareholders at the General Meeting held on June 1,
2015. Under the terms of this share award, 88,404 options vested on
September 30, 2016. Following the exercise of these options, Mr
Rashbass will receive 46,854 ordinary shares and a cash sum for the
market value equivalent of 41,550 shares. The company will apply
this cash equivalent payment on his behalf in satisfaction of the
liability for taxes arising on the exercise. Mr Rashbass has
unconditionally agreed to transfer the 46,854 shares to his wife
and will retain these shares in satisfaction of the minimum
shareholding requirement under the terms of Euromoney's
Remuneration Policy.
END
Further enquiries:
Colin Jones, Finance Director +44 20 7779 8666; cjones@euromoneyplc.com
Bridget Hennigan, Company Secretary +44 20 7779 8624; bhennigan@euromoneyplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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