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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ten Entertainment Group Plc | LSE:TEG | London | Ordinary Share | GB00BF020D33 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 411.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMTEG
RNS Number : 4586R
Ten Entertainment Group PLC
14 June 2018
14 June 2018
Ten Entertainment Group plc
Performance Share Plan Awards
Ten Entertainment Group plc (the "Company") announces that on Monday 11 June 2018 its Executive Directors were granted the following share awards as nominal-cost options over ordinary shares of GBP0.01 each in the Company ("Shares") under the Company's Performance Share Plan ("PSP"). The awards have been granted in accordance with the remuneration policy approved by shareholders and set out in the Company's Annual Report which was published on 4 April 2018.
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Director Position Number of Share
Awards Granted
Mark Willis Chief Financial Officer 111,940
Graham Blackwell Chief Commercial Officer 95,149
These awards (the "PSP Awards") are subject to two performance conditions which will be measured following the announcement of results for the year to 27 December 2020 ("FY2020").
The first performance condition applying to the PSP Awards will be based on Earnings per Share of the Company ("EPS") and will apply to 50 per cent. of the total number of Share Awards granted.
EPS - Financial Year 2020 Percentage of the total number
of Share Awards granted that
will vest
Less than 24.50 pence 0%
-------------------------------
24.50 pence 12.5%
-------------------------------
Between 24.50 and 26.69 pence Pro-rata on straight-line
basis between 12.5% and 50%
-------------------------------
More than 26.69 pence 50%
-------------------------------
The EPS measure is based on adjusted fully diluted EPS as stated in the Company's accounts and is subject to such adjustments as the Remuneration Committee in its discretion determines are fair and reasonable.
The second performance condition will be based on Total Shareholder Return ("TSR") of the Company over the period from the date of grant to the announcement of results for FY2020 relative to a comparator group of companies and will apply to the remaining 50 per cent. of Share Awards granted.
It is intended that 12.5 per cent. of the total number of Share Awards will vest on achievement of median TSR performance and that 50 per cent. of such will vest on achievement of upper quartile performance. There will be straight line vesting between these points.
Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the PSP
Enquiries:
Ten Entertainment Group plc via Instinctif partners
Alan Hand Chief Executive Officer Mark Willis Chief Financial Officer
Instinctif Partners Tel: 020 7457 2020
Matthew Smallwood
Tom Berger
1 - Details of the person discharging managerial responsibilities / person closely associated
Name Mark Willis
------------------------------------------------------------
2 - Reason for the notification
Position Chief Financial Officer
------------------------------------------------------------
Reason for the notification Initial Notification
------------------------------------------------------------
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
Full name of the entity Ten Entertainment Group PLC
------------------------------------------------------------
Legal Entity Identifier code 213800SL9HJUQ5BGPX17
------------------------------------------------------------
4 - Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; (iv) each place where transactions have been
conducted
Description of financial instrument, type of instrument Ordinary Shares of 1p each
------------------------------------------------------------
Identification code ISIN: GB00BF020D33
------------------------------------------------------------
Nature of the transaction Grant of PSP Performance Share Award. The Award is
structured as a nominal 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.
------------------------------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
nil 111,940
------------------------------------------------------------
Aggregated information and volume price Total volume of shares: 111,940
Total price GBP GBPnil
------------------------------------------------------------
Date of transaction 11 June 2018 UK BST
------------------------------------------------------------
Place of transaction Outside a trading venue
------------------------------------------------------------
1 - Details of the person discharging managerial responsibilities / person closely associated
Name Graham Blackwell
------------------------------------------------------------
2 - Reason for the notification
Position Chief Commercial Officer
------------------------------------------------------------
Reason for the notification Initial Notification
------------------------------------------------------------
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
Full name of the entity Ten Entertainment Group PLC
------------------------------------------------------------
Legal Entity Identifier code 213800SL9HJUQ5BGPX17
------------------------------------------------------------
4 - Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; (iv) each place where transactions have been
conducted
Description of financial instrument, type of instrument Ordinary Shares of 1p each
------------------------------------------------------------
Identification code ISIN: GB00BF020D33
------------------------------------------------------------
Nature of the transaction Grant of PSP Performance Share Award. The Award is
structured as a nominal 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.
------------------------------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
nil 95,149
------------------------------------------------------------
Aggregated information and volume price Total volume of shares: 95,149
Total price GBP GBPnil
------------------------------------------------------------
Date of transaction 11 June 2018 UK BST
------------------------------------------------------------
Place of transaction Outside a trading venue
------------------------------------------------------------
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 rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
June 14, 2018 10:12 ET (14:12 GMT)
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