Grant of Options under SAYE Scheme

RNS Number : 1859C

Hollywood Bowl Group plc

06 February 2020

 

6 February 2020

Hollywood Bowl Group plc (the "Company")

Grant of Options under the Hollywood Bowl Group plc Save As You Earn Scheme ("SAYE Scheme")

Notification of transactions by directors/persons discharging managerial responsibilities

Hollywood Bowl Group plc (LSE: BOWL the "Company") announces that on 5 February 2020 options were granted to employees of the Company pursuant to the SAYE Scheme.

Participation in the SAYE Scheme has been made available to all employees of the Company who satisfy certain eligibility criteria, giving them the opportunity to participate in the future growth of the Company via options granted under the SAYE Scheme.

A total of 126 employees have elected to participate in the SAYE Scheme and, pursuant to their elections, options over a total of 117,143 Ordinary Shares ("Options"), equating to 0.08 per cent. of the current issued share capital of the Company, were granted on 5 February 2020. The Options are normally exercisable between 1 February 2023 and 31 July 2023 and have an exercise price, calculated in accordance with the rules of the SAYE Scheme, of £2.88 per Ordinary Share. The exercise of Options is not dependent upon the satisfaction of performance criteria.

The following Executive Directors and persons discharging managerial responsibility ("PDMRs") of the Company, have elected to participate in the SAYE scheme and their Options are included in the total figures above:

Director/PDMR	No. of Options
Stephen Burns	1,250
Laurence Keen	1,250

Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the Options granted to Executive Directors and PDMRs.

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
Tulchan Communications James Macey White Elizabeth Snow Amber Ahluwalia	[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 options to acquire Ordinary shares under the Company's Save as You Earn scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) 2.88 1,250
d)	Aggregated information Aggregated volume Price	N/A - Single transaction
e)	Date of the transaction	5 February 2020
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 options to acquire Ordinary shares under the Company's Save as You Earn scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) 2.88 1,250
d)	Aggregated information Aggregated volume Price	N/A - Single transaction
e)	Date of the transaction	5 February 2020
f)	Place of the transaction	Outside a trading venue

 

END

 

 

DSHFIFIAFTIRIII