Restaurant Group PLC Director/PDMR Shareholding (4414F)

TIDMRTN

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       Number of Shares 
                                  under award before      under award after 
                                  adjustment (number)    adjustment (number) 
 
             Chief Financial 
Kirk Davis        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       [e-mail] 
  / Alistair de Kare-Silver 
 
 

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July 12, 2019 11:58 ET (15:58 GMT)