Restaurant Group PLC
09 March 2007
The Restaurant Group PLC
09 March 2007
For immediate release
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 8 March 2007 the Company made the conditional awards of Shares ('Awards')
under the The Restaurant Group Long Term Incentive Plan ('LTIP') detailed below.
Name Role Conditional Potential
shares awards matching awards
(number) (number)
Directors
Andrew Page Chief Executive Officer 145,929 39,170
Stephen Critoph Group Finance Director 69,124 20,737
Kevin Bacon Managing Director, Leisure 73,732 21,313
Trish Corzine Managing Director, Concessions 64,516 18,433
PDMR's
Robert Morgan Company Secretary 22,273 4,032
Danny Breithaupt Deputy Managing Director, Frankie & Benny's 23,041 10,138
Angelo Gabrilatsou Director, Chiquito and Garfunkel's 20,737 9,096
Awards granted under the LTIP will vest on the approval of the audited results
of the group for the year ending 31 December 2009 (i.e. March 2010), 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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