4 Dec 2018 07:15
4 December 2018
The Restaurant Group Plc (the "Company")Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
The Company was notified on 29 November 2018, pursuant to Article 19(1) of the Market Abuse Regulation (2014/596/EU) ("MAR"), that the transactions set out below occurred on the London Stock Exchange in connection with new ordinary shares in the share capital of the Company, provisionally allotted (nil paid) with ISIN GB00BG364719 (each a "Nil Paid Right").
On 29 November 2018, Nil Paid Rights were granted to the following individuals, each of whom is a "person discharging managerial responsibilities" ("PDMR") as such term is defined in MAR:
PDMR | Beneficial holding of ordinary shares in the Company as at close of business on 26 November 2018 (the "Record Date") | Number of Nil Paid Rights granted |
Debbie Hewitt* | 53,638 | 77,477 |
Andy McCue | 120,588 | 174,182 |
Kirk Davis | 24,000 | 34,666 |
Simon Cloke | 7,000 | 10,111 |
Mike Tye | 7,284 | 10,521 |
Graham Clemett | 11,926 | 17,226 |
* Debbie Hewitt's interest in this transaction is partially held through a "person closely associated" with her ("PCA"), as such term is defined in MAR, Paul Hewitt.
The following PDMRs have already elected to take up Nil Paid Rights as follows:
PDMR | Nil Paid Rights taken up | Date |
Mike Tye | 10,521 | 3 December 2018 |
The Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the transactions listed above are set out below:
1. | Details of PDMR / PCA | |
a) | Name | Debbie Hewitt |
2. | Reason for the notification | |
a) | Position / status | Chairman |
b) | Initial notification / amendment | Initial |
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 | Nil paid rights |
b) | Nature of the transaction | Grant of nil paid rights by The Restaurant Group plc |
c) | Price(s) and volume(s) | Price: N/A Volume: 77,477 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 29 November 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Andy McCue |
2. | Reason for the notification | |
a) | Position / status | Chief Executive Officer |
b) | Initial notification / amendment | Initial |
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 | Nil paid rights |
b) | Nature of the transaction | Grant of nil paid rights by The Restaurant Group plc |
c) | Price(s) and volume(s) | Price: N/A Volume: 174,182 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 29 November 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Kirk Davis |
2. | Reason for the notification | |
a) | Position / status | Chief Financial Officer |
b) | Initial notification / amendment | Initial |
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 | Nil paid rights |
b) | Nature of the transaction | Grant of nil paid rights by The Restaurant Group plc |
c) | Price(s) and volume(s) | Price: N/A Volume: 34,666 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 29 November 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Simon Cloke |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 | Nil paid rights |
b) | Nature of the transaction | Grant of nil paid rights by The Restaurant Group plc |
c) | Price(s) and volume(s) | Price: N/A Volume: 10,111 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 29 November 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Mike Tye |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 | Nil paid rights |
b) | Nature of the transaction | Grant of nil paid rights by The Restaurant Group plc |
c) | Price(s) and volume(s) | Price: N/A Volume: 10,521 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 29 November 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 | Nil paid rights |
b) | Nature of the transaction | Grant of nil paid rights by The Restaurant Group plc |
c) | Price(s) and volume(s) | Price: N/A Volume: 17,226 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 29 November 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Mike Tye |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 | Nil paid rights |
b) | Nature of the transaction | Purchase of nil paid rights |
c) | Price(s) and volume(s) | Price: 108.5 pence Volume: 10,521 Total: £11,415.28 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 3 December 2018 |
f) | Place of the transaction | London Stock Exchange |
Unless otherwise defined in this announcement, capitalised terms in the following paragraph have the meaning given to them in the combined circular and prospectus of the Company dated 12 November 2018 (the "Prospectus").
The Prospectus states that Graham Clemett held 14,218 Ordinary Shares at the Latest Practicable Date, being 9 November 2018, and that, immediately following the Rights Issue, Graham will hold 34,755 Ordinary Shares, assuming he takes up his rights to New Ordinary Shares in full. On 3 December 2018, however, the Company was informed that Graham in fact held 12,138 Ordinary Shares at the Latest Practicable Date and 11,926 Ordinary Shares at the Record Date, as a result of a series of sales conducted by Graham's investment manager to fund investment management fees, details of which are set out below. The Company understands that Graham intends to acquire a further 5,603 Nil Paid Rights before 11.00 a.m. on 13 December 2018 in order to ensure that, immediately following the Rights Issue, Graham will hold 34,755 Ordinary Shares.
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £3.0538 Volume: 145 Total: £442.80 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 16 October 2017 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £2.781296 Volume: 159 Total: £442.23 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 15 November 2017 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £2.8896 Volume: 153 Total: £442.11 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 15 December 2017 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £2.7831 Volume: 159 Total: £442.51 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 15 January 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £2.605 Volume: 169 Total: £440.25 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 15 February 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £2.5772 Volume: 171 Total: £440.70 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 15 March 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £2.8190 Volume: 157 Total: £442.58 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 16 April 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £3.1604 Volume: 140 Total: £442.46 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 15 May 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £2.996 Volume: 147 Total: £440.41 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 15 June 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £2.6835 Volume: 176 Total: £472.30 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 16 July 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £2.5835 Volume: 182 Total: £470.20 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 15 August 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £2.9545 Volume: 160 Total: £472.72 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 17 September 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £2.9175 Volume: 162 Total: £472.64 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 15 October 2018 |
f) | Place of the transaction | London Stock Exchange |
1. | Details of PDMR / PCA | |
a) | Name | Graham Clemett |
2. | Reason for the notification | |
a) | Position / status | Non-executive director |
b) | Initial notification / amendment | Initial |
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 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) | Price per share: £2.2236 Volume: 212 Total: £471.40 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 15 November 2018 |
f) | Place of the transaction | London Stock Exchange |
Enquiries: |
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The Restaurant Group plc Ace Company Services Limited Company Secretary | Tel: 020 3117 5001 |