12 Jul 2019 16:58
The Restaurant Group plc ('the Company')
LEI: 213800V4LJ2FXMQKKA46
Notification of transactions by directors, persons discharging managerial responsibilities ('PDMRs') and connected persons
Following the Rights Issue to part fund the Wagamama acquisition, the nil cost option awarded under The Restaurant Group plc 2015 Long Term Incentive Plan ('LTIP') to the following PDMR in 2018 was adjusted, in accordance with the standard TERP formula, so as to increase the number of Shares held under the award by a factor of 1.369251887, rounded down to the nearest number of whole Shares:
Name | Job title | Number of Shares under award before adjustment (number) | Number of Shares under award after adjustment (number) |
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Kirk Davis | Chief Financial Officer | 206,203
| 282,343 |
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The Award will, subject to performance conditions, vest three years from the date of grant. A two year, post-vesting holding period applies. The Company's employee benefit trust will hold the shares necessary to fulfil any obligation arising from the vesting of the Award.
The Award was made in accordance with the Company's remuneration policy.
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Enquiries: |
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MHP Communications | 020 3128 8742 | |||
Oliver Hughes / Simon Hockridge / Alistair de Kare-Silver | TRG@mhpc.com | |||