Hollywood Bowl Group plc
LTIP Share Awards
Hollywood Bowl Group plc (LSE: BOWL the "Company") announces that on 22 July 2021 its Executive Directors and PDMRs were granted the following share awards as nil-cost options over ordinary shares of £0.01 each in the Company ("Shares") under the Company's Long Term Incentive Plan ("LTIP"). The awards have been granted in accordance with the remuneration policy adopted by the Company's shareholders at the Annual General Meeting held on Thursday 30th January 2020.
| Director | Position | Number of Share Awards Granted |
| Stephen Burns | Chief Executive Officer | 165,696 |
| Laurence Keen | Chief Financial Officer | 107,594 |
| Mat Hart | Chief Marketing and Technology Officer | 68,860 |
| Melanie Dickinson | Chief People Officer | 58,101 |
| Darryl Lewis | Chief Operating Officer | 52,742 |
These awards are subject to an EPS performance condition which will be determined following the announcement of FY 2023 results, and which can be summarised as follows:
| EPS - Financial Year 2023 | % of award capable of vesting |
|
15.37p |
100% |
| Between 13.91p and 15.37p |
Pro-rata on straight-line basis between 25% and 100% |
|
13.91p |
25% |
|
Less than 13.91p |
0% |
The EPS measure is based on adjusted fully diluted EPS (and assuming no material changes in the Company's effective corporate tax rate).
Further details relating to the operation of the LTIP can be found within the 2020 Annual report and accounts which are available on the Company's website.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, provide further detail.
For further information please contact:
| Hollywood Bowl Group Steve Burns, Chief Executive Officer Laurence Keen, Chief Financial Officer Mat Hart, Chief Marketing and Technology Officer | via Tulchan Communications |
| | |
| | |
| Tulchan Communications James Macey White Elizabeth Snow Laura Marshall | +44 (0) 207 353 4200 |
| | |
| 1. | Details of PDMR / person closely associated with them ('CAP') | |||||
| a) | Name | Stephen Burns
| ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | Chief Executive Officer | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Hollywood Bowl Group plc | ||||
| b) | LEI | 213800XB8YZNGJYDEZ97 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument and identification code
| Ordinary shares of £0.01 each
ISIN: GB00BD0NVK62 | ||||
| b) | Nature of the transaction
| Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information Aggregated volume Price
|
Volume: 165,696
Price: £nil | ||||
| e) | Date of the transaction
| 22 July 2021 | ||||
| f) | Place of the transaction
| Outside a trading venue
| ||||
| 1. | Details of PDMR / person closely associated with them ('CAP') | |||||
| a) | Name | Laurence Keen
| ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | Chief Financial Officer | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Hollywood Bowl Group plc | ||||
| b) | LEI | 213800XB8YZNGJYDEZ97 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument and identification code
| Ordinary shares of £0.01 each
ISIN: GB00BD0NVK62 | ||||
| b) | Nature of the transaction
| Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information Aggregated volume Price
|
Volume: 107,594
Price: £nil | ||||
| e) | Date of the transaction
| 22 July 2021 | ||||
| f) | Place of the transaction
| Outside a trading venue
| ||||
| 1. | Details of PDMR / person closely associated with them ('CAP') | |||||
| a) | Name | Mat Hart
| ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | Chief Marketing and Technology Officer | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Hollywood Bowl Group plc | ||||
| b) | LEI | 213800XB8YZNGJYDEZ97 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument and identification code
| Ordinary shares of £0.01 each
ISIN: GB00BD0NVK62 | ||||
| b) | Nature of the transaction
| Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information Aggregated volume Price
|
Volume: 68,860
Price: £nil | ||||
| e) | Date of the transaction
| 22 July 2021 | ||||
| f) | Place of the transaction
| Outside a trading venue
| ||||
| 1. | Details of PDMR / person closely associated with them ('CAP') | |||||
| a) | Name | Melanie Dickinson
| ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | Chief People Officer | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Hollywood Bowl Group plc | ||||
| b) | LEI | 213800XB8YZNGJYDEZ97 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument and identification code
| Ordinary shares of £0.01 each
ISIN: GB00BD0NVK62 | ||||
| b) | Nature of the transaction
| Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information Aggregated volume Price
|
Volume: 58,101
Price: £nil | ||||
| e) | Date of the transaction
| 22 July 2021 | ||||
| f) | Place of the transaction
| Outside a trading venue
| ||||
| 1. | Details of PDMR / person closely associated with them ('CAP') | |||||
| a) | Name | Darryl Lewis
| ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | Chief Operating Officer | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Hollywood Bowl Group plc | ||||
| b) | LEI | 213800XB8YZNGJYDEZ97 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument and identification code
| Ordinary shares of £0.01 each
ISIN: GB00BD0NVK62 | ||||
| b) | Nature of the transaction
| Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information Aggregated volume Price
|
Volume: 52,742
Price: £nil | ||||
| e) | Date of the transaction
| 22 July 2021 | ||||
| f) | Place of the transaction
| Outside a trading venue
| ||||
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