Source - LSE Regulatory
RNS Number : 9369I
Restaurant Group PLC
21 April 2022
 

21 April 2022

 

The Restaurant Group plc ('the Company')

 

Notification of transactions by directors, persons discharging managerial responsibilities ('PDMRs') and connected persons

On 21 April 2022, the Company made the following conditional awards of nil-cost options ('Awards') under The Restaurant Group Restricted Share Plan ('RSP'). Awards have been granted over ordinary shares of 28 1/8 pence each in the share capital of the Company ('Shares') to Directors and Persons Discharging Managerial Responsibility ('PDMR') under the RSP as follows:

Name

Job title

Number of Shares granted under RSP Award*

Andy Hornby

Chief Executive Officer

776,049

Kirk Davis

Chief Financial Officer

454,964

 

The above awards were calculated using a price of 82.804 pence per Share (being the average of the Company's share price during the 3-month period ending with the dealing day before the date of grant).

 

Vesting of all the RSP Awards is subject to the continued employment of participants and satisfaction of the following underpin condition in respect of 100% of an Award: that the Group's underlying performance and delivery against its strategy (which may change in response to cyclical and structural changes over time) is sufficient to justify the level of vesting having regard to such factors as the Remuneration Committee considers to be appropriate in the round, including the Company's financial performance, balance sheet strength and performance against environmental, social and corporate governance priorities set by the Remuneration Committee from time to time.

The Awards will normally vest (subject to the conditions outlined above) in full after three years. Awards held by the Executive Directors will also be subject to a two-year holding period ending on the fifth anniversary of grant. During that period, the Executive Directors will ordinarily be required to retain the net-of-tax number of vested Shares.

 

The Awards were made in accordance with the Company's remuneration policy, as approved at the general meeting held on 8 October 2020.

The relevant notifications set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation. 

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

1.    Andy Hornby

2.    Kirk Davis

2.

Reason for the notification

a)

Position / status

1.    Chief Executive Officer

2.    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

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares of £0.28125 each

ISIN Code: GB00B0YG1K06

 

b)

Nature of the transaction

Awards over shares granted pursuant to The Restaurant Group Restricted Share Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.    Nil consideration

2.    Nil consideration

1.    776,049

2.    454,964

 

d)

Aggregated information

Aggregated volume

Price

N/A (single transactions)

e)

Date of the transaction

21 April 2022

f)

Place of the transaction

Outside a trading venue

 

 

 

Enquiries:

 

Jean-Paul Rabin                                                                                                                020 3117 5001

Company Secretary

 

MHP Communications                                                                                   020 3128 8147

Oliver Hughes / Simon Hockridge                                                              TRG@mhpc.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHBDGDSDBDDGDB
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts