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BOWL Hollywood Bowl Group Plc

313.00
-1.00 (-0.32%)
08 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hollywood Bowl Group Plc LSE:BOWL London Ordinary Share GB00BD0NVK62 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.32% 313.00 312.00 312.50 330.00 311.50 330.00 590,771 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Bowling Centers 215.08M 34.15M 0.1985 15.74 540.34M

Hollywood Bowl Group plc LTIP Share Awards (6260O)

01/02/2023 3:07pm

UK Regulatory


Hollywood Bowl (LSE:BOWL)
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TIDMBOWL

RNS Number : 6260O

Hollywood Bowl Group plc

01 February 2023

Hollywood Bowl Group plc

LTIP Share Awards

Hollywood Bowl Group plc (LSE: BOWL the "Company") announces that on 31 January 2023 its Executive Directors and PDMRs were granted the following share awards as nil-cost options over ordinary shares of GBP0.01 each in the Company ("Shares") under the Company's Long Term Incentive Plan ("LTIP"). The awards have been granted in accordance with the remuneration policy adopted by the Company's shareholders at the Annual General Meeting held on Friday 28(th) January 2022.

 
  Director            Position                          Number of Share 
                                                         Awards Granted 
 Stephen Burns        Chief Executive Officer                   170,550 
 Laurence Keen        Chief Financial Officer                   111,777 
 Melanie Dickinson    Chief People Officer                       66,179 
                      Chief Marketing and Technology 
 Mat Hart              Officer                                   82,724 
 Darryl Lewis         Chief Operating Officer                    55,285 
 

These awards are subject to the following performance targets:

 
 Measure                Description                      Weighting   Threshold       Target            Max 
 Adjusted EPS(1,2)      Adjusted EPS for the             70%         18.11p          19.06p            20.01p 
                         final year of the performance                (25% payout)    (62.5% payout)    (100% payout) 
                         period - FY2025 
                       -------------------------------  ----------  --------------  ----------------  --------------- 
 Return on centre       20% return on all centre         10%         18% return      20% return        22% return 
  invested capital(2)    invested capital (refurbs                    (50% payout)    (75% payout)      (100% payout) 
                         and new centres) 
                       -------------------------------  ----------  --------------  ----------------  --------------- 
 Emissions ratio        Intensity ratio (IR)             10%         IR at 58        IR at 55          IR at 50 
  for Scope 1            of under 100 
  and Scope 2(2) 
                                                                      (50% payout)    (75% payout)      (100% payout) 
                       -------------------------------  ----------  --------------  ----------------  --------------- 
 Team member            5% of team members               10%         4%              5%                6% 
  development(2)         progressed through 
                         internal development 
                         programmes 
                                                                      (50% payout)    (75% payout)      (100% payout) 
                       -------------------------------  ----------  --------------  ----------------  --------------- 
 

(1) Adjusted EPS is defined as stated in the Group's accounts and is subject to such adjustments as the Board, in its discretion, determines are fair and reasonable.

(2) Vesting on a straight-line basis between threshold and target, and target and max performance.

Subject to performance against the targets above, the awards will vest three years after grant and will be subject to a further two-year holding period. Further details relating to the operation of the LTIP can be found within the 2022 Annual report and accounts which are available on the Company's website.

The notifications below, made in accordance with Article 19 of the UK Market Abuse Regulation, provide further detail.

For further information please contact :

 
 Hollywood Bowl Group                                 via Tulchan Communications 
  Steve Burns, Chief Executive Officer 
  Laurence Keen, Chief Financial Officer 
  Mat Hart, Chief Marketing and Technology Officer 
 
 
 Tulchan Communications 
  Will Palfreyman 
  James Macey White                                   +44 (0) 207 353 
  Laura Marshall                                       4200 
 
 
 
 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   Grant of LTIP Performance Shares 
                                   Award. The Award is structured as 
                                   a nil 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 volume(s)        Price(s)    Volume(s) 
                                     GBPnil      170,550 
                                                ---------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated 
       information                  Volume: 170,550 
       Aggregated volume 
       Price                        Price: GBPnil 
     --------------------------  -------------------------------------------- 
 e)   Date of the                 31 January 2023 
       transaction 
     --------------------------  -------------------------------------------- 
 f)   Place of the                Outside a trading venue 
       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   Grant of LTIP Performance Shares 
                                   Award. The Award is structured as 
                                   a nil 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 volume(s)        Price(s)    Volume(s) 
                                     GBPnil      111,777 
                                                ---------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated 
       information                  Volume: 111,777 
       Aggregated volume 
       Price                        Price: GBPnil 
     --------------------------  -------------------------------------------- 
 e)   Date of the                 31 January 2023 
       transaction 
     --------------------------  -------------------------------------------- 
 f)   Place of the                Outside a trading venue 
       transaction 
     --------------------------  -------------------------------------------- 
 
 
 1.   Details of PDMR / person closely associated with them 
       ('CAP') 
 a)   Name                        Melanie Dickinson 
     --------------------------  -------------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position / status           Chief People 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   Grant of LTIP Performance Shares 
                                   Award. The Award is structured as 
                                   a nil 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 volume(s)        Price(s)    Volume(s) 
                                     GBPnil      66,179 
                                                ---------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated 
       information                  Volume: 66,179 
       Aggregated volume 
       Price                        Price: GBPnil 
     --------------------------  -------------------------------------------- 
 e)   Date of the                 31 January 2023 
       transaction 
     --------------------------  -------------------------------------------- 
 f)   Place of the                Outside a trading venue 
       transaction 
     --------------------------  -------------------------------------------- 
 
 
 1.   Details of PDMR / person closely associated with them 
       ('CAP') 
 a)   Name                        Mat Hart 
     --------------------------  -------------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position / status           Chief Marketing and Technology 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   Grant of LTIP Performance Shares 
                                   Award. The Award is structured as 
                                   a nil 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 volume(s)        Price(s)    Volume(s) 
                                     GBPnil      82,724 
                                                ---------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated 
       information                  Volume: 82,724 
       Aggregated volume            Price: GBPnil 
       Price 
     --------------------------  -------------------------------------------- 
 e)   Date of the                 31 January 2023 
       transaction 
     --------------------------  -------------------------------------------- 
 f)   Place of the                Outside a trading venue 
       transaction 
     --------------------------  -------------------------------------------- 
 
 
 1.   Details of PDMR / person closely associated with them 
       ('CAP') 
 a)   Name                        Darryl Lewis 
     --------------------------  -------------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position / status           Chief Operating 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   Grant of LTIP Performance Shares 
                                   Award. The Award is structured as 
                                   a nil 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 volume(s)        Price(s)    Volume(s) 
                                     GBPnil      55,285 
                                                ---------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated 
       information                  Volume: 55,285 
       Aggregated volume 
       Price                        Price: GBPnil 
     --------------------------  -------------------------------------------- 
 e)   Date of the                 31 January 2023 
       transaction 
     --------------------------  -------------------------------------------- 
 f)   Place of the                Outside a trading venue 
       transaction 
     --------------------------  -------------------------------------------- 
 
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