REG - Tortilla Mexcn.Grill - Grant of awards to Directors/PDMRs under LTIP

Tortilla Mexican GrillAnnouncement

10/05/2023 17:15

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RNS Number : 0049Z  Tortilla Mexican Grill PLC  10 May 2023

 

Tortilla Mexican Grill plc

("Tortilla" or the "Company")

Grant of awards to Directors/PDMRs under

the Tortilla Mexican Grill plc Long Term Incentive Plan 2021

 

Tortilla Mexican Grill plc, the largest and most successful fast-casual
Mexican restaurant group in the UK, announces the grant of nil cost options
("Nil Cost Options") over ordinary shares of the Company to directors under
the Tortilla Mexican Grill plc Long Term Incentive Plan 2021 ("LTIP").

Given the importance of retaining our leadership team to deliver on our long
term strategy, under the LTIP a limited number of eligible employees have
been granted Nil Cost Options to subscribe for ordinary shares in the Company
of £0.01 each ("Shares"), subject to stretching performance targets and
continued employment. The Company announces that the following Directors and
Persons Discharging Managerial Responsibility ("PDMRs") of the Company have
been granted Nil Cost Options:

 Name of Director/PDMR  Number of Shares subject to Nil Cost Option ("Award Shares")
 Richard Morris         210,232
 Andy Naylor            150,697

 

The Nil Cost Options were granted on 10 May 2023 and will vest on 10 May 2026.

All Nil Cost Options are subject to the malus and clawback provisions set out
in the LTIP rules.

All unexercised Nil Cost Options will lapse on the day falling immediately
prior to the tenth anniversary of the date of grant.

The total number of Shares under option, including the Award Shares, is now
2,245,991 ("Total Option Shares"), including 1,103,713 granted to Richard
Morris and 700,499 granted to Andy Naylor.

In the event that all of the Award Shares are issued, all other existing
options over Shares are exercised, and no other Shares have been issued by the
Company at that time, the Total Option Shares will represent 5.49% of the
resulting issued share capital of the Company.

For further information, please contact:

 

Tortilla Mexican Grill PLC (via Hudson Sandler)

Richard Morris, Chief Executive Officer

Andy Naylor, Chief Finance Officer

 

Liberum Capital Limited (Nominated Adviser, Sole Broker)

Andrew Godber / Edward Thomas / Nikhil Varghese

Tel: 020 3100 2222

 

Hudson Sander (Public Relations)

Wendy Baker / Charlotte Cobb

Tel: 020 7796 4133

tortilla@hudsonsandler.com (mailto:tortilla@hudsonsandler.com)

 

Notification of Dealing Form:

The notification set out below is provided in accordance with the requirements
of the EU Market Abuse Regulation

 1    Details of the person discharging managerial responsibilities / person closely

    associate

 a)   Name                                                         Richard Morris

 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                                                          Tortilla Mexican Grill plc

 b)   LEI                                                           213800YQDPNTU1EY8U28

 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  Ordinary Shares of £0.01 each

      Identification code                                           ISIN: GB00BNYDGZ21

 b)   Nature of the transaction                                    Grant of share awards under The Tortilla Mexican Grill plc Long Term Incentive

                                                            Plan 2021.

 c)   Price(s) and volume(s)                                       Price per share  Volume

                                                                 Nil              210,232

 

 d)   Aggregated Information                                        n/a single transaction

      Volume

      Price
 e)   Date of transaction                                          10 May 2023
 f)   Place of transaction                                         Outside a trading venue

 

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

10 May 2023

f)

Place of transaction

Outside a trading venue

 

The notification set out below is provided in accordance with the requirements
of the EU Market Abuse Regulation

 1    Details of the person discharging managerial responsibilities / person closely

    associate

 a)   Name                                                         Andy Naylor

 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                                                         Tortilla Mexican Grill plc

 b)   LEI                                                           213800YQDPNTU1EY8U28

 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  Ordinary Shares of £0.01 each

      Identification code                                           ISIN: GB00BNYDGZ21

 b)   Nature of the transaction                                    Grant of share awards under The Tortilla Mexican Grill plc Long Term Incentive

                                                            Plan 2021.

 c)   Price(s) and volume(s)

Price per share  Volume
                                                                   Nil              150,697

 
 d)   Aggregated Information                                        n/a single transaction

      Volume

      Price
 e)   Date of transaction                                           10 May 2023
 f)   Place of transaction                                         Outside a trading venue

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

 10 May 2023

f)

Place of transaction

Outside a trading venue

 

 

 

 

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