REG - Tortilla Mexcn.Grill - Grant of awards to Directors

Tortilla Mexican GrillAnnouncement

02/12/2022 15:30

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RNS Number : 4914I  Tortilla Mexican Grill PLC  02 December 2022

2 December 2022

 

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 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         120,000
 Andy Naylor            85,714

 

The Nil Cost Options were granted on 1 December 2022 and will vest on 1
December 2024.

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
1,946,046 ("Total Option Shares"), including 893,481 granted to Richard Morris
and 549,802 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 4.79% of the
resulting issued share capital of the Company.

For further information, please contact:

 Tortilla Mexican Grill PLC                                Via Hudson Sandler
 Richard Morris, CEO
 Andy Naylor, CFO

 Liberum Capital Limited (Nominated Adviser, Sole Broker)  Tel: 020 3100 2222
 Andrew Godber
 Edward Thomas
 Nikhil Varghese

 Hudson Sandler (Public Relations)                         Tel: 020 7796 4133
 Wendy Baker                                               Tortilla@hudsonsandler.com (mailto:Tortilla@hudsonsandler.com)
 Lucy Wollam
 Charlotte Cobb

 

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              120,000

 

 d)   Aggregated Information                                        n/a single transaction

      Volume

      Price
 e)   Date of transaction                                          1 December 2022
 f)   Place of transaction                                         Outside a trading venue

 

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

1 December 2022

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              85,714

 
 d)   Aggregated Information                                        n/a single transaction

      Volume

      Price
 e)   Date of transaction                                          1 December 2022
 f)   Place of transaction                                         Outside a trading venue

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

1 December 2022

f)

Place of transaction

Outside a trading venue

 

 

 

 

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