Tortilla Mexcn.Grill - Grant of Awards to Directors

Tortilla Mexican Grill

23/06/2025 12:21

RNS Number : 0026O

Tortilla Mexican Grill PLC

23 June 2025

 

23 June 2025

 

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").

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 and satisfaction of stretching performance targets. 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
Andy Naylor
544,578

 

The Nil Cost Options were granted on 23 June 2025 and will vest on 23 June 2028, subject to the satisfaction of performance targets.

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.

For further information, please contact:

Tortilla Mexican Grill PLC                                                                              via Eggmedia

Andy Naylor, Chief Executive Officer

Panmure Liberum Limited (Nominated Adviser, Sole Broker)    Tel: 020 3100 2222

Andrew Godber

Edward Thomas

Nikhil Varghese

Eggmedia Ltd (Public Relations)                                                                   Tel: 07710 571452

Ian Edmondson                                                                                                               egg@eggmediapr.com

Ross Gow                                                                                                                          ian@eggmediapr.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
Andy Naylor
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 underThe Tortilla Mexican Grill plc Long Term Incentive Plan 2021.
c)
Price(s) and volume(s)
Price per share
Volume
Nil
544,578
d)
Aggregated Information
Volume
Price
n/a single transaction
e)
Date of transaction
23 June 2025
f)
Place of transaction
Outside a trading venue

 

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