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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ten Entertainment Group Plc | LSE:TEG | London | Ordinary Share | GB00BF020D33 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 411.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMTEG
RNS Number : 8769F
Ten Entertainment Group PLC
22 May 2017
Ten Entertainment Group plc
Performance Share Plan Awards
Ten Entertainment Group plc (LSE: TEG the "Company") announces that on Monday 22 May 2017 its Executive Directors were granted the following share awards as nominal-cost options over ordinary shares of GBP0.01 each in the Company ("Shares") under the Company's Performance Share Plan ("PSP"). The awards have been granted in accordance with the remuneration policy adopted by the Board and set out in the Company's Prospectus that was issued on Wednesday 12 April 2017.
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Director Position Number of Share
Awards Granted
Alan Hand Chief Executive Officer 333,333
Mark Willis Chief Financial Officer 212,121
Graham Blackwell Chief Commercial Officer 193,939
These awards (the "Initial PSP Awards") are subject to two performance conditions which will be measured following the announcement of results for the year to 31 December 2019 ("FY2019").
The first performance condition applying to the Initial PSP Awards will be based on Earnings per Share of the Company ("EPS") and will apply to 50 per cent. of the total number of Share Awards granted.
EPS - Financial Year Percentage of the total number
2019 of Share Awards granted that
will vest
------------------------- -------------------------------
Less than 21.08 pence 0%
------------------------- -------------------------------
21.08 pence 12.5%
------------------------- -------------------------------
Between 21.08 and Pro-rata on straight-line
22.19 pence basis between 12.5% and 50%
------------------------- -------------------------------
More than 22.19 pence 50%
------------------------- -------------------------------
The EPS measure is based on adjusted fully diluted EPS as stated in the Company's accounts and is subject to such adjustments as the Remuneration Committee in its discretion determines are fair and reasonable.
The second performance condition will be based on Total Shareholder Return ("TSR") of the Company over the period from the date of grant to the announcement of results for FY2019relative to a comparator group of companies and will apply to the remaining 50 per cent. of Share Awards granted.
It is intended that 12.5 per cent. of the total number of Share Awards will vest on achievement of median TSR performance and that 50 per cent. of such will vest on achievement of upper quartile performance. There will be straight line vesting between these points.
Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the PSP
For further information please contact:
Ten Entertainment Group plc via Instinctif
Alan Hand, Chief Executive Partners
Officer
Mark Willis, Chief Financial
Officer
Instinctif Partners
Matthew Smallwood
Guy Scarborough 020 7457 2020
1. Details of PDMR / person closely associated
with them ('CAP')
---- -------------------------------------------------------
a) Name Alan Hand
---- ----------------------- ------------------------------
2. Reason for the notification
---- -------------------------------------------------------
a) Position / status Chief Executive Officer
---- ----------------------- ------------------------------
b) Initial notification Initial notification
/ amendment
---- ----------------------- ------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
---- -------------------------------------------------------
a) Name Ten Entertainment Group
plc
---- ----------------------- ------------------------------
b) LEI 213800SL9HJUQ5BGPX17
---- ----------------------- ------------------------------
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 Ordinary shares of GBP0.01
of the financial each
instrument,
type of instrument ISIN: GB00BF020D33
and identification
code
---- ----------------------- ------------------------------
b) Nature of the Grant of PSP Performance
transaction Shares Award. The Award
is structured as a nominal
cost option which shall
ordinarily vest and become
exercisable from the third
anniversary of its grant
date subject to continued
service and to the extent
to which the performance
conditions set for the Award
are satisfied.
---- ----------------------- ------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPnil 333,333
---------- ----------
---- ----------------------- ------------------------------
d) Aggregated information
Aggregated volume Volume: 333,333
Price Price: GBPnil
---- ----------------------- ------------------------------
e) Date of the 22 May 2017
transaction
---- ----------------------- ------------------------------
f) Place of the Outside a trading venue
transaction
---- ----------------------- ------------------------------
1. Details of PDMR / person closely associated
with them ('CAP')
--- -------------------------------------------------------
a) Name Mark Willis
--- ----------------------- ------------------------------
2. Reason for the notification
--- -------------------------------------------------------
a) Position / status Chief Financial Officer
--- ----------------------- ------------------------------
b) Initial notification Initial notification
/ amendment
--- ----------------------- ------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- -------------------------------------------------------
a) Name Ten Entertainment Group
plc
--- ----------------------- ------------------------------
b) LEI 213800SL9HJUQ5BGPX17
--- ----------------------- ------------------------------
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 Ordinary shares of GBP0.01
of the financial each
instrument,
type of instrument ISIN: GB00BF020D33
and identification
code
--- ----------------------- ------------------------------
b) Nature of the Grant of PSP Performance
transaction Shares Award. The Award
is structured as a nominal
cost option which shall
ordinarily vest and become
exercisable from the third
anniversary of its grant
date subject to continued
service and to the extent
to which the performance
conditions set for the Award
are satisfied.
--- ----------------------- ------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPnil 212,121
---------- ----------
--- ----------------------- ------------------------------
d) Aggregated information
Aggregated volume Volume: 212,121
Price Price: GBPnil
--- ----------------------- ------------------------------
e) Date of the 22 May 2017
transaction
--- ----------------------- ------------------------------
f) Place of the Outside a trading venue
transaction
--- ----------------------- ------------------------------
1. Details of PDMR / person closely associated
with them ('CAP')
--- -------------------------------------------------------
a) Name Graham Blackwell
--- ----------------------- ------------------------------
2. Reason for the notification
--- -------------------------------------------------------
a) Position / status Chief Commercial Director
--- ----------------------- ------------------------------
b) Initial notification Initial notification
/ amendment
--- ----------------------- ------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- -------------------------------------------------------
a) Name Ten Entertainment Group
plc
--- ----------------------- ------------------------------
b) LEI
--- ----------------------- ------------------------------
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 Ordinary shares of GBP0.01
of the financial each
instrument,
type of instrument ISIN: GB00BF020D33
and identification
code
--- ----------------------- ------------------------------
b) Nature of the Grant of PSP Performance
transaction Shares Award. The Award
is structured as a nominal
cost option which shall
ordinarily vest and become
exercisable from the third
anniversary of its grant
date subject to continued
service and to the extent
to which the performance
conditions set for the Award
are satisfied.
--- ----------------------- ------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPnil 193,939
---------- ----------
--- ----------------------- ------------------------------
d) Aggregated information
Aggregated volume Volume: 193,939
Price Price: GBPnil
--- ----------------------- ------------------------------
e) Date of the 22 May 2017
transaction
--- ----------------------- ------------------------------
f) Place of the Outside a trading venue
transaction
--- ----------------------- ------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBUGDUBGDBGRD
(END) Dow Jones Newswires
May 22, 2017 11:05 ET (15:05 GMT)
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