7 Jan 2021 07:00
Director/PDMR Shareholding
Restaurant Group PLC
7 January 2021
The Restaurant Group plc (the "Company")
Grant of SAYE Options and PDMR Transactions
The Company announces that as part of its all employee Save As You Earn share scheme (the "SAYE Scheme") the following options over ordinary shares of 28.125 pence each in the Company were granted to certain persons discharging managerial responsibilities ('PDMRs') at an option price of 51.84 pence per share ('Award'):
Name of PDMR | Date of Award | Role | Number of options |
Andy Hornby | 8 December 2020 | Chief Executive Officer | 34,722 |
The Award will normally vest on 1 December 2023 and will then normally be exercisable for six months.
Eligible employees were invited to subscribe for options over ordinary shares with an option price of 51.84 pence per share, representing a 20% discount to the share price which was calculated based on the middle market quotation for the dealing day immediately preceding 12 November 2020, being the invitation date. Pursuant to this, a total of 6,493,189 options over ordinary shares were granted to employees. In order to be able to participate in the SAYE Scheme in 2020, Andy Hornby's interest in the 2019 SAYE Scheme was lapsed.
The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail of the number of options granted on 8 December 2020 under the SAYE Scheme.
Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') and connected persons
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Andrew Hornby | ||||
2. | Reason for the Notification | |||||
a) | Position / status | PDMR (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 | The Restaurant Group plc | ||||
b) | Legal Entity Identifier | 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 | 28.125p Ordinary Shares | ||||
Identification code | GB00B0YG1K06 | |||||
b) | Nature of the transaction | Grant of options to acquire The Restaurant Group plc Ordinary Shares under the Company's SAYE Scheme | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | N/A (single transaction)
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e) | Date of the transaction | 2020-12-08 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
Enquiries to: | |
MHP Communications | 020 3128 8147 |
Oliver Hughes / Simon Hockridge / Alistair de Kare-Silver | TRG@mhpc.com |