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Restaurant Group PLC (RTN)

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Friday 12 July, 2019

Restaurant Group PLC

Director/PDMR Shareholding

RNS Number : 4414F
Restaurant Group PLC
12 July 2019
 

 

The Restaurant Group plc ('the Company')

LEI: 213800V4LJ2FXMQKKA46

 

 

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

 

Following the Rights Issue to part fund the Wagamama acquisition, the nil cost option awarded under The Restaurant Group plc 2015 Long Term Incentive Plan ('LTIP') to the following PDMR in 2018 was adjusted, in accordance with the standard TERP formula, so as to increase the number of Shares held under the award by a factor of 1.369251887, rounded down to the nearest number of whole Shares:

 

Name

Job title

Number of Shares under award before adjustment (number)

Number of Shares under award  after       adjustment (number)

 

 

 

 

Kirk Davis

Chief Financial Officer

206,203

 

282,343

 

 

 

 

The Award will, subject to performance conditions, vest three years from the date of grant. A two year, post-vesting holding period applies. The Company's employee benefit trust will hold the shares necessary to fulfil any obligation arising from the vesting of the Award.

 

The Award was made in accordance with the Company's remuneration policy.

 

 

 

 

Enquiries:

 

 

 

 

MHP Communications 

020 3128 8742

Oliver Hughes / Simon Hockridge / Alistair de Kare-Silver

[email protected]

         

 

 


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