REG - Restaurant Group PLC - Director/PDMR Shareholding

RestaurantAnnouncement

12/05/2023 11:00

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RNS Number : 2571Z  Restaurant Group PLC  12 May 2023

12 May 2023

 

LEI: 213800V4LJ2FXMQKKA46

 

The Restaurant Group plc ('the Company')

 

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

On 11 May 2023, 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  1,408,089
 Kirk Davis   Chief Financial Officer  826,022

 

The above awards were granted at 100% of salary as calculated using a price of
46.73 pence per Share (being the average of the Company's share price during
the five dealing days 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 Directors' remuneration
policy, as approved at the general meeting held on 8 October 2020 (and will
also be in accordance with the proposed Directors' Remuneration Policy to be
voted on by shareholders at the upcoming annual general meeting on 23 May
2023).

 

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

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Andy 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)  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)
                                              Nil consideration  1,408,089

 d)  Aggregated information                   N/A (single transactions)

     Aggregated volume

     Price
 e)  Date of the transaction                  11 May 2023
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

Aggregated volume

Price

N/A (single transactions)

e)

Date of the transaction

11 May 2023

f)

Place of the transaction

Outside a trading venue

 

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Kirk Davis
 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                                     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)
                                              Nil consideration  826,022

 d)  Aggregated information                   N/A (single transactions)

     Aggregated volume

     Price
 e)  Date of the transaction                  11 May 2023
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

Aggregated volume

Price

N/A (single transactions)

e)

Date of the transaction

11 May 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

Enquiries:

 

Andrew
Eames
020 3117 5001

Company Secretary

 

MHP
Communications
020 3128 8147

Oliver Hughes/Simon
Hockridge
 
                                TRG@mhpc.com

 

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