REG - Restaurant Group PLC - Director/PDMR Shareholding

RestaurantAnnouncement

25/10/2022 16:00

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RNS Number : 0748E  Restaurant Group PLC  25 October 2022

 

The Restaurant Group plc

LEI: 213800V4LJ2FXMQKKA46

 

The Restaurant Group plc

(the "Company")

 

Launch of 2022 SAYE Scheme and PDMR Dealings

25 October 2022

The Company announces that, as part of its all-employee Save As You Earn share
scheme (the "SAYE Scheme") for 2022, the following options over ordinary
shares of 28.125 pence each in the Company were granted to certain persons
discharging managerial responsibilities ("PDMRs") who elected to participate
in this year's scheme at an option price of 30.02 pence per share (the
"Award"):

 Name of PDMR  Date of Award    Role                     Number of options
 Andy Hornby   24 October 2022  Chief Executive Officer  59,960

 

The Awards are due to vest on 1 December 2025 and will remain exercisable for
six months.

 

Eligible employees, including Executive Directors, were invited to subscribe
for options over ordinary shares with an option price of 30.02 pence per
share - representing a 20% discount to the closing share price for the dealing
day immediately preceding the invitation date of 26 September 2022 - by
committing to a three-year savings programme. The options will vest after the
three years, when participants will be able to purchase shares at the option
price using the accumulated funds. A total of 12,064,015 options over ordinary
shares have been granted to employees. In order to participate in the 2022
Scheme, Andy Hornby has ceased to participate in the 2020 scheme.

 

The following notifications, made in accordance with the requirements of the
EU Market Abuse Regulation, give further detail of the number of options
granted to PDMRs on 24 October 2022 under the SAYE Scheme.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities ('PDMRs') and connected persons

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Andrew Hornby
 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                                     The Restaurant Group plc
 b)  Legal Entity Identifier                  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  28.125p Ordinary Shares
     Identification code                      GB00B0YG1K06
 b)  Nature of the transaction                Grant of options to acquire The Restaurant Group plc Ordinary Shares under the
                                              Company's SAYE Scheme
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              Nil       59,960

 
 d)  Aggregated information                   N/A (single transaction)

     - Aggregated volume

     - Price
 e)  Date of the transaction                  2022-10-24
 f)  Place of the transaction                 Outside a trading venue

 

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

 

e)

Date of the transaction

2022-10-24

f)

Place of the transaction

Outside a trading venue

 

 Enquiries to:

 Andrew Eames                    020 3117 5001

 Company Secretary

 MHP Communications              020 3128 8147

 Oliver Hughes/Simon Hockridge   TRG@mhpc.com

 

About the Restaurant Group plc

The Restaurant Group plc operates approximately 420 restaurants and pub
restaurants throughout the UK. Its principal trading brands are Wagamama,
Frankie & Benny's and Brunning & Price.  It also operates a
multi-brand Concessions business which trades principally in UK airports.
In addition, the Wagamama business has a 20% stake in a JV operating five
Wagamama restaurants in the US and over 50 franchise restaurants operating
across a number of territories.

 

 

 

 

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