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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 |
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 -------------------------- --------------------------------------------, the news service of the London Stock Exchange. 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(END) Dow Jones Newswires
February 01, 2023 10:07 ET (15:07 GMT)
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