WORCESTER, Mass., Aug. 27 /PRNewswire-FirstCall/ -- The Hanover Insurance
Group, Inc. (NYSE: THG), today announced that the company's chief executive
officer, Frederick H. Eppinger, has entered into a pre-arranged stock trading
plan. The plan allows Eppinger to exercise up to 100,000 options to purchase
The Hanover Insurance Group, Inc. common stock and to sell the shares upon the
exercise of these options. The plan covers stock options granted in August
2003, when Eppinger joined the company.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO )
Subject to meeting certain minimum, pre-determined prices, the
transactions under this plan are proposed to occur commencing November 1, 2008
and will be subsequently disclosed through filings with the Securities and
Exchange Commission. The plan expires after one year from the date
transactions are first permitted to commence.
The stock trading plan was established under Rule 10b5-1 of the Securities
Exchange Act of 1934. Rule 10b5-1 plans permit individuals who are not in
possession of material nonpublic information to establish pre-arranged plans
to buy or sell company stock. These plans allow individuals to achieve prudent
and gradual asset diversification over time.
The Hanover Insurance Group, Inc. (NYSE: THG), based in Worcester, Mass.,
is the holding company for a group of insurers that includes The Hanover
Insurance Company, also based in Worcester; Citizens Insurance Company of
America, headquartered in Howell, Mich., and their affiliates. The Hanover
offers a wide range of property and casualty products and services to
individuals, families and businesses through an extensive network of
independent agents, and has been meeting its obligations to its agent partners
and their customers for more than 150 years. Taken as a group, The Hanover
ranks among the top 40 property and casualty insurers in the United States.
For more information, please visit http://www.hanover.com.
Contacts:
Investors: Media:
Sujata MutalikMichael Buckley
(508) 855-3457 (508) 855-3099
E-mail: smutalik@hanover.com E-mail: mibuckley@hanover.comSOURCE The Hanover Insurance Group, Inc.
Contact: Investors, Sujata Mutalik, +1-508-855-3457, smutalik@hanover.com, or Media, Michael Buckley, +1-508-855-3099, mibuckley@hanover.com, both of The Hanover Insurance Group, Inc.