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21 Mar 2016 16:53
21 March 2016
The Restaurant Group plc
('the Company')
Notification of transactions by directors, persons discharging managerial responsibilities ('PDMRs') and connected persons
The Company announces the following changes to the interests of Directors in the Company's ordinary shares of 28.125p each ('Shares').
On 17 March 2016 the Company made the following conditional awards of Shares ('Awards') under The Restaurant Group plc Long Term Incentive Plan ('LTIP'):
Name | Conditional shares award (number) |
Danny Breithaupt | 227,272 |
(Chief Executive Officer)
| |
Stephen Critoph (Chief Financial Officer)
| 178,771 |
Awards granted under the LTIP will vest after three years, in line with the scheme rules, subject to the performance criteria being met. A two year, post-vesting holding period applies. No consideration is payable for the grant of the Awards. The Company's employee benefit trust will hold the Shares necessary to fulfil any obligation arising from the vesting of the Awards.
On 21 March 2016, Danny Breithaupt exercised 46,126 Conditional Options and 23,062 Matching Options under the 2013 LTIP, following which Mr Breithaupt sold 33,525 shares at 396.73p per share to discharge the tax liability due on exercise, retaining the full balance of 35,663 shares in accordance with the Company's remuneration policy.
On 21 March 2016, Danny Breithaupt purchased a further 12,454 ordinary shares in the Company at 399.37p per share.
Following these transactions, Mr Breithaupt's beneficial shareholding in the Company increased from 61,898 to 110,015 shares, representing 0.05% of issued share capital.
Additionally, on 21 March 2016 Stephen Critoph exercised 63,403 Conditional Options and 31,700 Matching Options under the Long Term Incentive Plan, following which Mr Critoph sold 46,082 shares at 391.1p per share to discharge the tax liability due on exercise, retaining the full balance of 49,021 shares. Mr Critoph has therefore increased his beneficial shareholding in the Company from 189,220 to 238,241 shares, representing 0.12% of issued share capital.
This notification is to satisfy the Company's obligations under 3.1.4(R)(1)(a) of the Disclosure and Transparency Rules.
Enquiries:
Alex Small 020 3117 5001
Company Secretary
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