Restaurant Group PLC
06 March 2008
The Restaurant Group PLC
06 March 2008
The Restaurant Group plc
(the'Company')
Notification of Interests of Directors and Persons Discharging Managerial
Responsibility ('PDMR') and connected persons
The Company announces the following conditional changes to the interests of
Directors and PDMRs in the Company's ordinary shares of 28.125p each ('Shares').
On 6 March 2008 the Company made conditional awards of Shares ('Awards') under
The Restaurant Group Long Term Incentive Plan ('LTIP') detailed below.
Conditional Potential
shares awards matching awards
Name (number) (number)
Directors
Andrew Page 645,689 90,084
Stephen Critoph 248,275 58,188
Kevin Bacon 284,482 62,067
Trish Corzine 237,931 54,310
PDMRs
Robert Morgan 120,689 25,000
Danny Breithaupt 127,586 42,671
Angelo Gabrilatsou 113,793 37,500
Awards granted under the LTIP will vest on the approval of the audited results
of the Group for the year ending 31 December 2010 (i.e. March 2011), but only to
the extent that certain performance criteria based on earnings per share growth
and, in respect of awards granted to the Directors and certain senior executives
only, total shareholder return have been satisfied by the Company over a three
year performance period. Matching shares awards are granted on the condition that
they will not vest unless the participant has acquired a certain number of
Shares (known as 'Deposited Shares'). No consideration is payable for the grant
of the Awards and the receipt of Shares is conditional upon meeting the
performance criteria and, in the case of matching shares awards only, the
acquisition and holding of Deposited Shares. It is intended that the Company's
employee benefit trust will acquire Shares necessary to fulfil any obligation
arising from the vesting of the Awards.
The notification of these Awards is intended to satisfy the Company's
obligations under Section 324 of the Companies Act 1985 and Disclosure Rule
3.1.4.
Enquiries
The Restaurant Group plc, Tel.: 0845 612 5001
Robert Morgan, Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
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