25 Oct 2022 16:00
The Restaurant Group plc
LEI: 213800V4LJ2FXMQKKA46
The Restaurant Group plc
(the "Company")
Launch of 2022 SAYE Scheme and PDMR Dealings
25 October 2022
The Company announces that, as part of its all-employee Save As You Earn share scheme (the "SAYE Scheme") for 2022, the following options over ordinary shares of 28.125 pence each in the Company were granted to certain persons discharging managerial responsibilities ("PDMRs") who elected to participate in this year's scheme at an option price of 30.02 pence per share (the "Award"):
Name of PDMR | Date of Award | Role | Number of options |
Andy Hornby | 24 October 2022 | Chief Executive Officer | 59,960 |
The Awards are due to vest on 1 December 2025 and will remain exercisable for six months.
Eligible employees, including Executive Directors, were invited to subscribe for options over ordinary shares with an option price of 30.02 pence per share - representing a 20% discount to the closing share price for the dealing day immediately preceding the invitation date of 26 September 2022 - by committing to a three-year savings programme. The options will vest after the three years, when participants will be able to purchase shares at the option price using the accumulated funds. A total of 12,064,015 options over ordinary shares have been granted to employees. In order to participate in the 2022 Scheme, Andy Hornby has ceased to participate in the 2020 scheme.
The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail of the number of options granted to PDMRs on 24 October 2022 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 | 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 | 2022-10-24 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries to: |
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| |
Andrew Eames Company Secretary
MHP Communications Oliver Hughes/Simon Hockridge
| 020 3117 5001
020 3128 8147 TRG@mhpc.com |
About the Restaurant Group plc
The Restaurant Group plc operates approximately 420 restaurants and pub restaurants throughout the UK. Its principal trading brands are Wagamama, Frankie & Benny's and Brunning & Price. It also operates a multi-brand Concessions business which trades principally in UK airports. In addition, the Wagamama business has a 20% stake in a JV operating five Wagamama restaurants in the US and over 50 franchise restaurants operating across a number of territories.