REG - Hollywood Bowl Group - LTIP Share Awards
07/02/2022 10:05
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RNS Number : 8783A Hollywood Bowl Group plc 07 February 2022
Hollywood Bowl Group plc
LTIP Share Awards
Hollywood Bowl Group plc (LSE: BOWL the "Company") announces that on 4
February 2022 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 Friday 28(th)
January 2022.
Director Position Number of Share Awards Granted
Stephen Burns Chief Executive Officer 164,015
Laurence Keen Chief Financial Officer 106,503
Melanie Dickinson Chief People Officer 63,643
Mat Hart Chief Marketing and Technology Officer 79,554
Darryl Lewis Chief Operating Officer 49,721
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 - FY2024 70% 14.65p 15.42p 16.19p
(25% payout) (62.5% payout) (100% payout)
Return on centre invested capital 20% return on all centre invested capital (refurbs and new centres) 10% N/A 20% return N/A
(100% payout)
Emissions ratio for Scope 1 and Scope 2 Intensity ratio (IR) of under 100 10% IR under 100
(100% payout)
Team member development 5% of team members progressed through internal development programmes 10% N/A 5% N/A
(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 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
2021 Annual report and accounts which are available on the Company's website.
The notifications below, made in accordance with the requirements of the EU
Market Abuse Regulation as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018, provide further detail.
For further information please contact:
Hollywood Bowl Group via Tulchan Communications
Stephen Burns, Chief Executive Officer
Laurence Keen, Chief Financial Officer
Mathew Hart, Chief Marketing and Technology Officer
Tulchan Communications +44 (0) 207 353 4200
James Macey White
Elizabeth Snow
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 164,015
d) Aggregated
information Volume: 164,015
Aggregated volume
Price Price: £nil
e) Date of the 4 February 2022
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume: 164,015
Price: £nil
e)
Date of the
transaction
4 February 2022
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 106,503
d) Aggregated
information Volume: 106,503
Aggregated volume
Price Price: £nil
e) Date of the 4 February 2022
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume: 106,503
Price: £nil
e)
Date of the
transaction
4 February 2022
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 63,643
d) Aggregated
information Volume: 63,643
Aggregated volume
Price Price: £nil
e) Date of the 4 February 2022
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume: 63,643
Price: £nil
e)
Date of the
transaction
4 February 2022
f)
Place of the
transaction
Outside a trading venue
1. Details of PDMR / person closely associated with them ('CAP')
a) Name Mathew Hart
2. Reason for the notification
a) Position / status Chief Marketing and Technology 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 79,554
d) Aggregated
information Volume: 79,554
Aggregated volume Price: £nil
Price
e) Date of the 4 February 2022
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume: 79,554
Price: £nil
e)
Date of the
transaction
4 February 2022
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 49,721
d) Aggregated
information Volume: 49,721
Aggregated volume
Price Price: £nil
e) Date of the 4 February 2022
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume: 49,721
Price: £nil
e)
Date of the
transaction
4 February 2022
f)
Place of the
transaction
Outside a trading venue
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