Source - RNS
RNS Number : 6261M
Restaurant Group PLC
17 October 2016
 

The Restaurant Group plc

('the Company')

 

17 October 2016

 

Long Term Incentive Plan

 

 

Further to Andrew McCue's appointment to the Board as Chief Executive Officer on 19 September 2016, the Company announces that on 14 October 2016, Mr McCue was granted a conditional award of nil cost options ('Award') under The Restaurant Group plc Long Term Incentive Plan ('LTIP') of 282,675 shares.

 

 

The Award will, subject to performance conditions, vest three years from the date of grant. A two year, post-vesting holding period applies. Details of the performance conditions will shortly be available on the Company's website (www.trgplc.com/investors). The Company's employee benefit trust will hold the shares necessary to fulfil any obligation arising from the vesting of the Award.

 

 

Enquiries:

 

 

Alex Small                                                                                             020 3117 5001

Company Secretary


This information is provided by RNS
The company news service from the London Stock Exchange
 
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