Source - RNS
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; [email protected]

Bridget Hennigan, Company Secretary             +44 20 7779 8624; [email protected]


This information is provided by RNS
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