leadf
logo-loader
RNS
viewRestaurant Group PLC

Restaurant Group PLC - Director/PDMR Shareholding

RNS Number : 8455K
Restaurant Group PLC
07 January 2021
 

Director/PDMR Shareholding

Restaurant Group PLC

7 January 2021

 

The Restaurant Group plc (the "Company")

Grant of SAYE Options and PDMR Transactions

The Company announces that as part of its all employee Save As You Earn share scheme (the "SAYE Scheme") the following options over ordinary shares of 28.125 pence each in the Company were granted to certain persons discharging managerial responsibilities ('PDMRs') at an option price of 51.84 pence per share ('Award'):

Name of PDMR

Date of Award

Role

Number of options

Andy Hornby

8 December 2020

Chief Executive Officer

34,722

 

The Award will normally vest on 1 December 2023 and will then normally be exercisable for six months.

 

Eligible employees were invited to subscribe for options over ordinary shares with an option price of 51.84 pence per share, representing a 20% discount to the share price which was calculated based on the middle market quotation for the dealing day immediately preceding 12 November 2020, being the invitation date. Pursuant to this, a total of 6,493,189 options over ordinary shares were granted to employees. In order to be able to participate in the SAYE Scheme in 2020, Andy Hornby's interest in the 2019 SAYE Scheme was lapsed.

 

The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail of the number of options granted on 8 December 2020 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

PDMR (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

34,722

 

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

 

e)

Date of the transaction

2020-12-08

f)

Place of the transaction

London Stock Exchange

 

 

Enquiries to:


MHP Communications 

020 3128 8147

Oliver Hughes / Simon Hockridge / Alistair de Kare-Silver

TRG@mhpc.com

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHDBGDBDSGDGBL

Quick facts: Restaurant Group PLC

Price: -

Market: LSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

4 min read