Restaurant Group PLC Director/PDMR Shareholding (8455K)

TIDMRTN

RNS Number : 8455K

Restaurant Group PLC

07 January 2021

Director/PDMR Shareholding

Restaurant Group PLC

7 January 2021

The Restaurant Group plc (the "Company")

Grant of SAYE Options and PDMR Transactions

The Company announces that as part of its all employee Save As You Earn share scheme (the "SAYE Scheme") the following options over ordinary shares of 28.125 pence each in the Company were granted to certain persons discharging managerial responsibilities ('PDMRs') at an option price of 51.84 pence per share ('Award'):

 
 Name of PDMR    Date of Award    Role               Number of 
                                                      options 
                 8 December       Chief Executive 
 Andy Hornby      2020             Officer           3 4,722 
                ---------------  -----------------  ---------- 
 

The Award will normally vest on 1 December 2023 and will then normally be exercisable for six months.

Eligible employees were invited to subscribe for options over ordinary shares with an option price of 51.84 pence per share, representing a 20% discount to the share price which was calculated based on the middle market quotation for the dealing day immediately preceding 12 November 2020, being the invitation date. Pursuant to this, a total of 6,493,189 options over ordinary shares were granted to employees. In order to be able to participate in the SAYE Scheme in 2020, Andy Hornby's interest in the 2019 SAYE Scheme was lapsed.

The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail of the number of options granted on 8 December 2020 under the SAYE Scheme.

Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') and connected persons

 
 1.   Details of PDMR / person closely associated with 
       them ("PCA") 
 a)   Name                       Andrew Hornby 
     -------------------------  ----------------------------------------------- 
 2.   Reason for the Notification 
     -------------------------------------------------------------------------- 
 a)   Position                   PDMR (Chief Executive Officer) 
       / status 
     -------------------------  ----------------------------------------------- 
 b)   Initial notification       Initial Notification 
       / amendment 
     -------------------------  ----------------------------------------------- 
 3.   Details of the Issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
     -------------------------------------------------------------------------- 
 a)   Name                       The Restaurant Group plc 
     -------------------------  ----------------------------------------------- 
 b)   Legal Entity               213800V4LJ2FXMQKKA46 
       Identifier 
     -------------------------  ----------------------------------------------- 
 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                28.125p Ordinary Shares 
       of the financial 
       instrument 
     -------------------------  ----------------------------------------------- 
      Identification             GB00B0YG1K06 
       code 
     -------------------------  ----------------------------------------------- 
 b)   Nature of                  Grant of options to acquire The Restaurant 
       the transaction            Group plc Ordinary Shares under the Company's 
                                  SAYE Scheme 
     -------------------------  ----------------------------------------------- 
 c)   Price(s)                    Price(s)    Volume(s) 
       and volume(s)               Nil         34,722 
                                              ---------- 
     -------------------------  ----------------------------------------------- 
 d)   Aggregated                      N/A (single transaction) 
       information 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------  ----------------------------------------------- 
 e)   Date of the                2020-12-08 
       transaction 
     -------------------------  ----------------------------------------------- 
 f)   Place of                   London Stock Exchange 
       the transaction 
     -------------------------  ----------------------------------------------- 
 
 
   Enquiries to: 
   MHP Communications                 020 3128 8147 
   Oliver Hughes / Simon Hockridge    [e-mail] 
    / Alistair de Kare-Silver 
 

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January 07, 2021 02:00 ET (07:00 GMT)