REG - Hollywood Bowl Group - LTIP Share Awards
30/01/2024 10:30
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RNS Number : 3785B Hollywood Bowl Group plc 30 January 2024
Hollywood Bowl Group plc
LTIP Share Awards
Hollywood Bowl Group plc (LSE: BOWL the "Company") announces that on 30
January 2024 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 238,362
Laurence Keen Chief Financial Officer 156,220
Melanie Dickinson Chief People Officer 61,661
Mat Hart Chief Marketing and Technology Officer 77,077
Darryl Lewis Chief Operating Officer 51,511
These awards are subject to the following performance targets:
Measure Description Weighting Threshold Target Max
Adjusted EPS(1,2) Adjusted EPS for the final year of the performance period - FY2025 70% 23.10p 24.32p 25.54p
(25% payout) (62.5% payout) (100% payout)
Return on centre invested capital(2) 20% return on all centre invested capital (refurbs and new centres) 10% 18% return 20% return 22% return
(50% payout) (75% payout) (100% payout)
Emissions ratio for Scope 1 and Scope 2(2) Intensity ratio (IR) of under 100 10% IR at 55 IR at 52 IR at 50
(50% payout) (75% payout) (100% payout)
Team member development(2) 5% of team members progressed through internal development programmes 10% 4% 5% 6%
(50% payout) (75% 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.
(2) 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
2023 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 Tulchan Communications
Steve Burns, Chief Executive Officer
Laurence Keen, Chief Financial Officer
Mat Hart, Chief Marketing and Technology 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 238,362
d) Aggregated
information Volume:
Aggregated volume
Price Price: £nil
e) Date of the 30 January 2024
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume:
Price: £nil
e)
Date of the
transaction
30 January 2024
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 156,220
d) Aggregated
information Volume:
Aggregated volume
Price Price: £nil
e) Date of the 30 January 2024
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume:
Price: £nil
e)
Date of the
transaction
30 January 2024
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 61,661
d) Aggregated
information Volume:
Aggregated volume
Price Price: £nil
e) Date of the 30 January 2024
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume:
Price: £nil
e)
Date of the
transaction
30 January 2024
f)
Place of the
transaction
Outside a trading venue
1. Details of PDMR / person closely associated with them ('CAP')
a) Name Mat 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 77,077
d) Aggregated
information Volume:
Aggregated volume Price: £nil
Price
e) Date of the 30 January 2024
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume:
Price: £nil
e)
Date of the
transaction
30 January 2024
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 51,511
d) Aggregated
information Volume:
Aggregated volume
Price Price: £nil
e) Date of the 30 January 2024
transaction
f) Place of the Outside a trading venue
transaction
d)
Aggregated
information
Aggregated volume
Price
Volume:
Price: £nil
e)
Date of the
transaction
30 January 2024
f)
Place of the
transaction
Outside a trading venue
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