Director/PDMR Shareholding

RNS Number : 6038Y

Restaurant Group PLC

02 March 2012

 



2 March 2012

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 1 March 2012 the Company made the conditional awards of Shares ('Awards') under The Restaurant Group Long Term Incentive Plan ('LTIP') detailed below.

Name	Conditional shares awards (number)	Potential matching awards (number)
Directors
Andrew Page	318,804	100,504
Stephen Critoph	100,144	48,631
Trish Corzine	89,157	43,227
PDMR
Robert Morgan	33,771	16,885

Awards granted under the LTIP will vest on the approval of the audited results of the Group for the year ending 31 December 2014 (i.e. March 2015), but only to the extent that certain performance criteria based on earnings per share and 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.

Enquiries

The Restaurant Group plc, Tel.: [phone]

Robert Morgan, Company Secretary

 

END

 

 

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