LTIP Share Awards

Hollywood Bowl Group plc

30 January 2024

 

Hollywood Bowl Group plc

LTIP Share Awards

Hollywood Bowl Group plc (LSE: BOWL the "Company") announces that on 30 January 2024 its Executive Directors and PDMRs were granted the following share awards as nil-cost options over ordinary shares of £0.01 each in the Company ("Shares") under the Company's Long Term Incentive Plan ("LTIP"). The awards have been granted in accordance with the remuneration policy adopted by the Company's shareholders at the Annual General Meeting held on Friday 28^th January 2022.

Director	Position	Number of Share Awards Granted
Stephen Burns	Chief Executive Officer	238,362
Laurence Keen	Chief Financial Officer	156,220
Melanie Dickinson	Chief People Officer	61,661
Mat Hart	Chief Marketing and Technology Officer	77,077
Darryl Lewis	Chief Operating Officer	51,511

These awards are subject to the following performance targets:

Measure	Description	Weighting	Threshold	Target	Max
Adjusted EPS1,2	Adjusted EPS for the final year of the performance period - FY2025	70%	23.10p (25% payout)	24.32p (62.5% payout)	25.54p (100% payout)
Return on centre invested capital2	20% return on all centre invested capital (refurbs and new centres)	10%	18% return (50% payout)	20% return (75% payout)	22% return (100% payout)
Emissions ratio for Scope 1 and Scope 22	Intensity ratio (IR) of under 100	10%	IR at 55 (50% payout)	IR at 52 (75% payout)	IR at 50 (100% payout)
Team member development2	5% of team members progressed through internal development programmes	10%	4% (50% payout)	5% (75% payout)	6% (100% payout)

¹ Adjusted EPS is defined as stated in the Group's accounts and is subject to such adjustments as the Board, in its discretion, determines are fair and reasonable.

² Vesting on a straight-line basis between threshold and target, and target and max performance.

Subject to performance against the targets above, the awards will vest three years after grant and will be subject to a further two-year holding period. Further details relating to the operation of the LTIP can be found within the 2023 Annual report and accounts which are available on the Company's website.

The notifications below, made in accordance with Article 19 of the UK Market Abuse Regulation, provide further detail.

For further information please contact:

Hollywood Bowl Group Steve Burns, Chief Executive Officer Laurence Keen, Chief Financial Officer Mat Hart, Chief Marketing and Technology Officer	via Tulchan Communications
Teneo Elizabeth Snow Laura Marshall	[e-mail] [phone]

1.	Details of PDMR / person closely associated with them ('CAP')
a)	Name	Stephen Burns
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	Hollywood Bowl Group plc
b)	LEI	213800XB8YZNGJYDEZ97
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 and identification code	Ordinary shares of £0.01 each ISIN: GB00BD0NVK62
b)	Nature of the transaction	Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 238,362
d)	Aggregated information Aggregated volume Price	Volume: Price: £nil
e)	Date of the transaction	30 January 2024
f)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ('CAP')
a)	Name	Laurence Keen
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	Hollywood Bowl Group plc
b)	LEI	213800XB8YZNGJYDEZ97
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 and identification code	Ordinary shares of £0.01 each ISIN: GB00BD0NVK62
b)	Nature of the transaction	Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 156,220
d)	Aggregated information Aggregated volume Price	Volume: Price: £nil
e)	Date of the transaction	30 January 2024
f)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ('CAP')
a)	Name	Melanie Dickinson
2.	Reason for the notification
a)	Position / status	Chief People Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Hollywood Bowl Group plc
b)	LEI	213800XB8YZNGJYDEZ97
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 and identification code	Ordinary shares of £0.01 each ISIN: GB00BD0NVK62
b)	Nature of the transaction	Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 61,661
d)	Aggregated information Aggregated volume Price	Volume: Price: £nil
e)	Date of the transaction	30 January 2024
f)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ('CAP')
a)	Name	Mat Hart
2.	Reason for the notification
a)	Position / status	Chief Marketing and Technology Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Hollywood Bowl Group plc
b)	LEI	213800XB8YZNGJYDEZ97
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 and identification code	Ordinary shares of £0.01 each ISIN: GB00BD0NVK62
b)	Nature of the transaction	Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 77,077
d)	Aggregated information Aggregated volume Price	Volume: Price: £nil
e)	Date of the transaction	30 January 2024
f)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ('CAP')
a)	Name	Darryl Lewis
2.	Reason for the notification
a)	Position / status	Chief Operating Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Hollywood Bowl Group plc
b)	LEI	213800XB8YZNGJYDEZ97
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 and identification code	Ordinary shares of £0.01 each ISIN: GB00BD0NVK62
b)	Nature of the transaction	Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 51,511
d)	Aggregated information Aggregated volume Price	Volume: Price: £nil
e)	Date of the transaction	30 January 2024
f)	Place of the transaction	Outside a trading venue

 

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