REG - Tortilla Mexcn.Grill - Grant of awards to Directors/PDMRs under LTIP

Tortilla Mexican GrillAnnouncement

07/05/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240507:nRSG2565Na&default-theme=true

RNS Number : 2565N  Tortilla Mexican Grill PLC  07 May 2024

7 May 2024

 

Tortilla Mexican Grill plc

("Tortilla" or the "Company")

Grant of awards to Directors/PDMRs under

the Tortilla Mexican Grill plc Long Term Incentive Plan 2021

 

Tortilla Mexican Grill plc, the largest and most successful fast-casual
Mexican restaurant group in the UK, announces the grant of nil cost options
("Nil Cost Options") over ordinary shares of the Company to directors under
the Tortilla Mexican Grill plc Long Term Incentive Plan 2021 ("LTIP").

Under the LTIP a limited number of eligible employees have been granted Nil
Cost Options to subscribe for ordinary shares in the Company of £0.01 each
("Shares"), subject to stretching performance targets and continued
employment. The Company announces that the following Directors and Persons
Discharging Managerial Responsibility ("PDMRs") of the Company have been
granted Nil Cost Options:

 Name of Director/PDMR  Number of Shares subject to Nil Cost Option
 Andy Naylor            461,224
 Maria Denny            336,734

 

The Nil Cost Options were granted on 2 May 2024 and will vest on 2 May 2027.

All Nil Cost Options are subject to the malus and clawback provisions set out
in the LTIP rules.

All unexercised Nil Cost Options will lapse on the day falling immediately
prior to the tenth anniversary of the date of grant.

The total number of Shares under option, including the Award Shares, is now
2,154,905 ("Total Option Shares"), including 1,161,723 granted to Andy Naylor
and 336,734 granted to Maria Denny.

In the event that all of the Award Shares are issued, all other existing
options over Shares are exercised, and no other Shares have been issued by the
Company at that time, the Total Option Shares will represent 5.28% of the
resulting issued share capital of the Company."

For further information, please contact:

 Tortilla Mexican Grill PLC                                Via Houston
 Andy Naylor, Chief Executive Officer
 Maria Denny, Chief Financial Officer

 Liberum Capital Limited (Nominated Adviser, Sole Broker)  Tel: 020 3100 2222
 Andrew Godber
 Edward Thomas
 Nikhil Varghese

 Houston (Public Relations)                                Tel: 0204 529 0549
 Tortilla@houston.co.uk (mailto:Tortilla@houston.co.uk)
 Kate Hoare
 Kelsey Traynor
 Ben Robinson
 Mackenzie Parry-Bull

 

Notification of Dealing Form:

The notification set out below is provided in accordance with the requirements
of the EU Market Abuse Regulation

 1    Details of the person discharging managerial responsibilities / person closely

    associate

 a)   Name                                                         Andy Naylor

 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                                                          Tortilla Mexican Grill plc

 b)   LEI                                                           213800YQDPNTU1EY8U28

 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, type of instrument  Ordinary Shares of £0.01 each

      Identification code                                           ISIN: GB00BNYDGZ21

 b)   Nature of the transaction                                    Grant of share awards under The Tortilla Mexican Grill plc Long Term Incentive

                                                            Plan 2021.

 c)   Price(s) and volume(s)                                       Price per share  Volume

                                                                 Nil              461,224

 

 d)   Aggregated Information                                        n/a single transaction

      Volume

      Price
 e)   Date of transaction                                          2 May 2024
 f)   Place of transaction                                         Outside a trading venue

 

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

2 May 2024

f)

Place of transaction

Outside a trading venue

 

The notification set out below is provided in accordance with the requirements
of the EU Market Abuse Regulation

 1    Details of the person discharging managerial responsibilities / person closely

    associate

 a)   Name                                                         Maria Denny

 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Tortilla Mexican Grill plc

 b)   LEI                                                           213800YQDPNTU1EY8U28

 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, type of instrument  Ordinary Shares of £0.01 each

      Identification code                                           ISIN: GB00BNYDGZ21

 b)   Nature of the transaction                                    Grant of share awards under The Tortilla Mexican Grill plc Long Term Incentive

                                                            Plan 2021.

 c)   Price(s) and volume(s)

Price per share  Volume
                                                                   Nil              336,734

 
 d)   Aggregated Information                                        n/a single transaction

      Volume

      Price
 e)   Date of transaction                                          2 May 2024
 f)   Place of transaction                                         Outside a trading venue

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

2 May 2024

f)

Place of transaction

Outside a trading venue

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHQXLFBZELFBBB