REG - Restaurant Group PLC - Director/PDMR Shareholding

RestaurantAnnouncement

21/04/2022 13:15

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RNS Number : 9369I  Restaurant Group PLC  21 April 2022

21 April 2022

 

The Restaurant Group plc ('the Company')

 

Notification of transactions by directors, persons discharging managerial
responsibilities ('PDMRs') and connected persons

On 21 April 2022, the Company made the following conditional awards of
nil-cost options ('Awards') under The Restaurant Group Restricted Share Plan
('RSP'). Awards have been granted over ordinary shares of 28 1/8 pence each in
the share capital of the Company ('Shares') to Directors and Persons
Discharging Managerial Responsibility ('PDMR') under the RSP as follows:

 Name         Job title                Number of Shares granted under RSP Award*
 Andy Hornby  Chief Executive Officer  776,049
 Kirk Davis   Chief Financial Officer  454,964

 

The above awards were calculated using a price of 82.804 pence per Share
(being the average of the Company's share price during the 3-month period
ending with the dealing day before the date of grant).

 

Vesting of all the RSP Awards is subject to the continued employment of
participants and satisfaction of the following underpin condition in respect
of 100% of an Award: that the Group's underlying performance and delivery
against its strategy (which may change in response to cyclical and structural
changes over time) is sufficient to justify the level of vesting having regard
to such factors as the Remuneration Committee considers to be appropriate in
the round, including the Company's financial performance, balance sheet
strength and performance against environmental, social and corporate
governance priorities set by the Remuneration Committee from time to time.

The Awards will normally vest (subject to the conditions outlined above) in
full after three years. Awards held by the Executive Directors will also be
subject to a two-year holding period ending on the fifth anniversary of grant.
During that period, the Executive Directors will ordinarily be required to
retain the net-of-tax number of vested Shares.

 

The Awards were made in accordance with the Company's remuneration policy, as
approved at the general meeting held on 8 October 2020.

The relevant notifications set out below is provided in accordance with the
requirements of Article 19 of the EU Market Abuse Regulation.

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     1.    Andy Hornby

                                              2.    Kirk Davis
 2.  Reason for the notification
 a)  Position / status                        1.    Chief Executive Officer

                                              2.    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                                     The Restaurant Group plc
 b)  LEI                                      213800V4LJ2FXMQKKA46
 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  Ordinary shares of £0.28125 each

                                              ISIN Code: GB00B0YG1K06

 b)  Nature of the transaction                Awards over shares granted pursuant to The Restaurant Group Restricted Share
                                              Plan.
 c)  Price(s) and volume(s)                   Price(s)                     Volume(s)
                                              1.    Nil consideration      1.    776,049

                                              2.    Nil consideration      2.    454,964

 
 d)  Aggregated information                   N/A (single transactions)

     Aggregated volume

     Price
 e)  Date of the transaction                  21 April 2022
 f)  Place of the transaction                 Outside a trading venue

 

d)

Aggregated information

Aggregated volume

Price

N/A (single transactions)

e)

Date of the transaction

21 April 2022

f)

Place of the transaction

Outside a trading venue

 

 

 

Enquiries:

 

Jean-Paul
Rabin
020 3117 5001

Company Secretary

 

MHP
Communications
020 3128 8147

Oliver Hughes / Simon
Hockridge
TRG@mhpc.com

 

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