Hollywood Bowl Group plc Director/PDMR Shareholding (2862M)

TIDMBOWL

RNS Number : 2862M

Hollywood Bowl Group plc

04 January 2019

Hollywood Bowl Group plc

Directors' Shareholding

Hollywood Bowl Group plc (LSE: BOWL the "Company") announces that on 4 January 2019 the following ordinary shares (the "Deferred Shares") in the Company were acquired by the Company's Employee Benefit Trust (the "EBT") on behalf of the Executive Directors:

 
  Director        Position                   Number of Deferred 
                                                Shares acquired 
 Stephen Burns    Chief Executive Officer                17,113 
 Laurence Keen    Chief Financial Officer                11,361 
 

Stephen Burns and Laurence Keen were required to defer 35% of their post-tax annual bonus for the financial year ending 30 September 2018 into ordinary shares for a period of two years; this acquisition on their behalf by the EBT puts the required deferral into effect. Legal title to the Deferred Shares will be held by the EBT for a period of two years before being transferred to the Executive Directors. 35% of the post-tax value of each Executive Directors' annual bonus was provided to the EBT in order to effect the acquisition.

Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the Deferred Shares.

For further information please contact:

 
 Hollywood Bowl Group                       via Tulchan Communications 
  Steve Burns, Chief Executive Officer 
  Laurence Keen, Chief Financial Officer 
  Mat Hart, Commercial Director 
 
 
 Tulchan Communications 
  James Macey White 
  Elizabeth Snow                            [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        Initial notification 
       / amendment 
     --------------------------  ------------------------------------- 
 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          Ordinary shares of GBP0.01 each 
       financial instrument, 
       type of instrument          ISIN: GB00BD0NVK62 
       and identification 
       code 
     --------------------------  ------------------------------------- 
 b)   Nature of the transaction   Acquisition of Deferred Bonus Shares 
                                   by Hollywood Bowl EBT Limited to 
                                   be held on behalf of Stephen Burns. 
     --------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP2.28     17,113 
                                                ---------- 
     --------------------------  ------------------------------------- 
 d)   Aggregated 
       information                  Volume: 17,113 
       Aggregated volume 
       Price                        Price: GBP2.28 
     --------------------------  ------------------------------------- 
 e)   Date of the                 4 January 2019 
       transaction 
     --------------------------  ------------------------------------- 
 f)   Place of the                London Stock Exchange - XLON 
       transaction 
     --------------------------  ------------------------------------- 
 
 
 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        Initial notification 
       / amendment 
     --------------------------  ------------------------------------- 
 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          Ordinary shares of GBP0.01 each 
       financial instrument, 
       type of instrument          ISIN: GB00BD0NVK62 
       and identification 
       code 
     --------------------------  ------------------------------------- 
 b)   Nature of the transaction   Acquisition of Deferred Bonus Shares 
                                   under the Company's annual bonus 
                                   plan by Hollywood Bowl EBT Limited 
                                   to be held on behalf of Laurence 
                                   Keen. 
     --------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP2.28     11,361 
                                                ---------- 
     --------------------------  ------------------------------------- 
 d)   Aggregated 
       information                  Volume: 11,361 
       Aggregated volume 
       Price                        Price: GBP2.28 
     --------------------------  ------------------------------------- 
 e)   Date of the                 4 January 2019 
       transaction 
     --------------------------  ------------------------------------- 
 f)   Place of the                London Stock Exchange - XLON 
       transaction 
     --------------------------  ------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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January 04, 2019 11:27 ET (16:27 GMT)