Director/PDMR Shareholding

Restaurant Group PLC

12 May 2023

 

12 May 2023

LEI: 213800V4LJ2FXMQKKA46

The Restaurant Group plc ('the Company')

Notification of transactions by directors, persons discharging managerial responsibilities ('PDMRs') and connected persons

On 11 May 2023, the Company made the following conditional awards of nil-cost options ('Awards') under The Restaurant Group Restricted Share Plan ('RSP'). Awards have been granted over ordinary shares of 28 1/8 pence each in the share capital of the Company ('Shares') to Directors and Persons Discharging Managerial Responsibility ('PDMR') under the RSP as follows:

Name	Job title	Number of Shares granted under RSP Award
Andy Hornby	Chief Executive Officer	1,408,089
Kirk Davis	Chief Financial Officer	826,022

The above awards were granted at 100% of salary as calculated using a price of 46.73 pence per Share (being the average of the Company's share price during the five dealing days ending with the dealing day before the date of grant).

Vesting of all the RSP Awards is subject to the continued employment of participants and satisfaction of the following underpin condition in respect of 100% of an Award: that the Group's underlying performance and delivery against its strategy (which may change in response to cyclical and structural changes over time) is sufficient to justify the level of vesting having regard to such factors as the Remuneration Committee considers to be appropriate in the round, including the Company's financial performance, balance sheet strength and performance against environmental, social and corporate governance priorities set by the Remuneration Committee from time to time.

The Awards will normally vest (subject to the conditions outlined above) in full after three years. Awards held by the Executive Directors will also be subject to a two-year holding period ending on the fifth anniversary of grant. During that period, the Executive Directors will ordinarily be required to retain the net-of-tax number of vested Shares.

The Awards were made in accordance with the Company's Directors' remuneration policy, as approved at the general meeting held on 8 October 2020 (and will also be in accordance with the proposed Directors' Remuneration Policy to be voted on by shareholders at the upcoming annual general meeting on 23 May 2023).

The relevant notifications set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation. 

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Andy Hornby
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	The Restaurant Group plc
b)	LEI	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	Ordinary shares of £0.28125 each ISIN Code: GB00B0YG1K06
b)	Nature of the transaction	Awards over shares granted pursuant to The Restaurant Group Restricted Share Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil consideration 1,408,089
d)	Aggregated information Aggregated volume Price	N/A (single transactions)
e)	Date of the transaction	11 May 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Kirk Davis
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	The Restaurant Group plc
b)	LEI	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	Ordinary shares of £0.28125 each ISIN Code: GB00B0YG1K06
b)	Nature of the transaction	Awards over shares granted pursuant to The Restaurant Group Restricted Share Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil consideration 826,022
d)	Aggregated information Aggregated volume Price	N/A (single transactions)
e)	Date of the transaction	11 May 2023
f)	Place of the transaction	Outside a trading venue

Enquiries:

Andrew Eames                                                                                                 020 3117 5001

Company Secretary

MHP Communications                                                                                   020 3128 8147

Oliver Hughes/Simon Hockridge                                                                                [e-mail]

 

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