Director/PDMR Shareholding

RNS Number : 2778B
Restaurant Group PLC
28 February 2014
 



28 February 2014

 

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 27 February 2014 the Company made the following conditional awards of Shares ('Awards') under The Restaurant Group Long Term Incentive Plan ('LTIP'):

 

Name

Conditional shares awards (number)

Potential matching awards (number)

Directors

Andrew Page

142,251

47,417

Stephen Critoph

44,718

22,359

 

 

Awards granted under the LTIP will vest in line with the scheme rules subject to the performance criteria being met.  Matching share awards are granted on the condition that they will not vest unless the participant has acquired a proportionate number of Shares ('Deposited Shares') and retained them throughout the performance period. No consideration is payable for the grant of the Awards.  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: 020 3117 5001

Stephen Critoph

Company Secretary

 


This information is provided by RNS
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