17 Oct 2016 07:00
The Restaurant Group plc
('the Company')
17 October 2016
Long Term Incentive Plan
Further to Andrew McCue's appointment to the Board as Chief Executive Officer on 19 September 2016, the Company announces that on 14 October 2016, Mr McCue was granted a conditional award of nil cost options ('Award') under The Restaurant Group plc Long Term Incentive Plan ('LTIP') of 282,675 shares.
The Award will, subject to performance conditions, vest three years from the date of grant. A two year, post-vesting holding period applies. Details of the performance conditions will shortly be available on the Company's website (www.trgplc.com/investors). The Company's employee benefit trust will hold the shares necessary to fulfil any obligation arising from the vesting of the Award.
Enquiries:
Alex Small 020 3117 5001
Company Secretary