REG - Hollywood Bowl Group - Director/PDMR Shareholding
03/02/2025 08:30
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RNS Number : 6414V Hollywood Bowl Group plc 03 February 2025
Hollywood Bowl Group plc
LTIP Share Awards
Hollywood Bowl Group plc (LSE: BOWL the "Company") announces that on 31
January 2025 its Executive Directors and PDMRs were granted the following
share awards as nil-cost options over ordinary shares of £0.01 each in the
Company ("Shares") under the Company's Long Term Incentive Plan ("LTIP"). The
awards have been granted in accordance with the remuneration policy adopted by
the Company's shareholders at the Annual General Meeting held on Thursday
30(th) January 2025.
Director Position Number of Share Awards Granted
Stephen Burns Chief Executive Officer 254,451
Laurence Keen Chief Financial Officer 166,765
Melanie Dickinson Chief People Officer 65,823
Darryl Lewis Chief Operating Officer 54,988
Rob Dermitges Chief Marketing Officer 30,077
These awards are subject to the following performance targets:
Measure Description Weighting Threshold Target Max
Adjusted EPS(1) Adjusted EPS for the final year of the performance period - FY2027 70% 24.78p 26.08p 27.39p
(25% payout) (62.5% payout) (100% payout)
Relative Total Shareholder Return (TSR) Percentage change in share price plus the value of dividends invested on the 10% Ranked at median based on TSR performance (25% payout) N/A Ranked at or above upper quartile based on TSR performance
ex-dividend date over the performance period compared with the constituents of
the FTSE 250 (excluding investment trusts) (100% payout)
Return on centre invested capital Return on all centre invested capital (refurbs and new centres), excluding 10% 18% return 20% return 22% return
maintenance
(25% payout) (62.5% payout) (100% payout)
Emissions ratio for Scope 1 and Scope 2 Intensity Ratio (IR) under 100 10% IR at 67 IR under 65 IR under 60
(25% payout) (62.5% payout) (100% payout)
(1) Adjusted EPS is defined as stated in the Group's accounts and is subject
to such adjustments as the Board, in its discretion, determines are fair and
reasonable.
Vesting for each measure will be calculated on a straight-line basis between
threshold and target, and target and max performance.
Subject to performance against the targets above, the awards will vest three
years after grant and will be subject to a further two-year holding period.
Further details relating to the operation of the LTIP can be found within the
2024 Annual report and accounts which are available on the Company's website.
The notifications below, made in accordance with Article 19 of the UK Market
Abuse Regulation, provide further detail.
For further information please contact:
Hollywood Bowl Group via Teneo
Steve Burns, Chief Executive Officer
Laurence Keen, Chief Financial Officer
Mat Hart, Chief Sustainability and Communications Officer
Teneo Hollywoodbowl@teneo.com
Elizabeth Snow +44 20 7260 2700
Laura Marshall
1. Details of PDMR / person closely associated with them ('CAP')
a) Name Stephen Burns
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 Hollywood Bowl Group plc
b) LEI 213800XB8YZNGJYDEZ97
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 and identification Ordinary shares of £0.01 each
code
ISIN: GB00BD0NVK62
b) Nature of the transaction Grant of LTIP Performance Shares Award. The Award is structured as a nil cost
option which shall ordinarily vest and become exercisable from the third
anniversary of its grant date subject to continued service and to the extent
to which the performance conditions set for the Award are satisfied.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 254,451
d) Aggregated
information Volume:
Aggregated volume
Price Price: £nil
e) Date of the 31 January 2025
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume:
Price: £nil
e)
Date of the
transaction
31 January 2025
f)
Place of the
transaction
Outside a trading venue
1. Details of PDMR / person closely associated with them ('CAP')
a) Name Laurence Keen
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 Hollywood Bowl Group plc
b) LEI 213800XB8YZNGJYDEZ97
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 and identification Ordinary shares of £0.01 each
code
ISIN: GB00BD0NVK62
b) Nature of the transaction Grant of LTIP Performance Shares Award. The Award is structured as a nil cost
option which shall ordinarily vest and become exercisable from the third
anniversary of its grant date subject to continued service and to the extent
to which the performance conditions set for the Award are satisfied.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 166,765
d) Aggregated
information Volume:
Aggregated volume
Price Price: £nil
e) Date of the 31 January 2025
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume:
Price: £nil
e)
Date of the
transaction
31 January 2025
f)
Place of the
transaction
Outside a trading venue
1. Details of PDMR / person closely associated with them ('CAP')
a) Name Melanie Dickinson
2. Reason for the notification
a) Position / status Chief People Officer
b) Initial notification / amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Hollywood Bowl Group plc
b) LEI 213800XB8YZNGJYDEZ97
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 and identification Ordinary shares of £0.01 each
code
ISIN: GB00BD0NVK62
b) Nature of the transaction Grant of LTIP Performance Shares Award. The Award is structured as a nil cost
option which shall ordinarily vest and become exercisable from the third
anniversary of its grant date subject to continued service and to the extent
to which the performance conditions set for the Award are satisfied.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 65,823
d) Aggregated
information Volume:
Aggregated volume
Price Price: £nil
e) Date of the 31 January 2025
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume:
Price: £nil
e)
Date of the
transaction
31 January 2025
f)
Place of the
transaction
Outside a trading venue
1. Details of PDMR / person closely associated with them ('CAP')
a) Name Darryl Lewis
2. Reason for the notification
a) Position / status Chief Operating Officer
b) Initial notification / amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Hollywood Bowl Group plc
b) LEI 213800XB8YZNGJYDEZ97
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 and identification Ordinary shares of £0.01 each
code
ISIN: GB00BD0NVK62
b) Nature of the transaction Grant of LTIP Performance Shares Award. The Award is structured as a nil cost
option which shall ordinarily vest and become exercisable from the third
anniversary of its grant date subject to continued service and to the extent
to which the performance conditions set for the Award are satisfied.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 54,988
d) Aggregated
information Volume:
Aggregated volume
Price Price: £nil
e) Date of the 31 January 2025
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume:
Price: £nil
e)
Date of the
transaction
31 January 2025
f)
Place of the
transaction
Outside a trading venue
1. Details of PDMR / person closely associated with them ('CAP')
a) Name Rob Dermitges
2. Reason for the notification
a) Position / status Chief Marketing Officer
b) Initial notification / amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Hollywood Bowl Group plc
b) LEI 213800XB8YZNGJYDEZ97
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 and identification Ordinary shares of £0.01 each
code
ISIN: GB00BD0NVK62
b) Nature of the transaction Grant of LTIP Performance Shares Award. The Award is structured as a nil cost
option which shall ordinarily vest and become exercisable from the third
anniversary of its grant date subject to continued service and to the extent
to which the performance conditions set for the Award are satisfied.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 30,077
d) Aggregated
information Volume:
Aggregated volume Price: £nil
Price
e) Date of the 31 January 2025
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume:
Price: £nil
e)
Date of the
transaction
31 January 2025
f)
Place of the
transaction
Outside a trading venue
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