13 Oct 2020 14:55
The Restaurant Group plc ('the Company')
Notification of transactions by directors, persons discharging managerial responsibilities ('PDMRs') and connected persons
On 12th October 2020, the Company made the following conditional awards of nil cost options ('Awards') under The Restaurant Group Restricted Share Plan ('RSP') 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'):
Name | Job title | Number of Shares under options granted pursuant to RSP Award |
Andy Hornby | Chief Executive Officer | 1,494,307 |
Kirk Davis | Chief Financial Officer | 876,048 |
The above Awards were calculated using a price of 52.7 pence per Share (being the prevailing price on the date of the last market update prior to consulting with shareholders on the RSP).
Vesting of the RSP Awards is subject to the continued employment of participants and satisfaction of certain underpin conditions.
The Awards will normally vest (subject to the underpin conditions) in full after 3 years. Awards held by the Executive Directors will also be subject to a 2-year holding period ending on the 5th anniversary of grant.
The Awards were made in accordance with the Company's remuneration policy.
The relevant notification 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
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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
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b) | Nature of the transaction | Awards over shares granted pursuant to The Restaurant Group Restricted Share Plan. | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price | N/A (single transactions) | ||||
e) | Date of the transaction | 12 October 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
For further details please contact:
MHP Communications (Financial PR adviser) Oliver Hughes Simon Hockridge | Tel: +44(0) 7885 224 532 / +44(0) 7709 496 125
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