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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 May 2022 to May 2024
TIDMTEG
RNS Number : 9220T
Ten Entertainment Group PLC
22 March 2023
22 March 2023
Ten Entertainment Group plc
Performance Share Plan Awards
Ten Entertainment Group plc (the "Company") announces that on Wednesday 22 March 2023 its Executive Directors were granted the following share awards as nominal-cost options over ordinary shares of 1p each in the Company ("Shares") under the Company's Performance Share Plan ("PSP").
The awards were granted on 22 March 2023 ("Date of Grant") in accordance with the remuneration policy approved by shareholders and set out in the Company's Annual Report which was published on 29 March 2022.
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Director Position Number of Share
Awards Granted
Graham Blackwell Chief Executive Officer 164,368
Antony Smith Chief Financial Officer 138,053
These awards (the "PSP Awards") are subject to two performance conditions which will be measured on the vesting date which will be the third anniversary of the Date of Grant.
The first performance condition applying to the PSP Awards will be based on Adjusted Earnings per Share of the Company ("EPS") and will apply to 50 per cent. of the total number of Share Awards granted. EPS will be calculated in accordance with the following table:
Results for the year to 31 December Percentage of the total number
2025 ("FY2025") of Share Awards granted that
will vest
Less than 36.0 pence 0%
-------------------------------
36.0 pence 12.5%
-------------------------------
Between 36.0 and 42.0 pence Pro-rata on straight-line
basis between 12.5% and 50%
-------------------------------
More than 42.0 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 and a comparator group of companies as set out in the Annual Report on Remuneration, in the Company's Annual Report.
TSR will be calculated on the third anniversary of the Date of Grant and will apply to the remaining 50 per cent. of Share Awards granted. TSR will be calculated in accordance with the following table:
TSR performance against Comparator Percentage of Award that
Group Companies vests
Below Median 0%
-------------------------
Median 12.5%
-------------------------
Between Median and Median plus Between 12.5% and 50% on
10% p.a. a straight line basis
-------------------------
Median plus 10% p.a. and above 50%
-------------------------
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
Graham Blackwell Chief Executive Officer
Antony Smith Chief Financial Officer
Instinctif Partners Tel: 020 7457 2020
Matthew Smallwood
Olga Bate
1 - Details of the person discharging managerial responsibilities / person closely associated
Name Graham Blackwell
--------------------------------------
2 - Reason for the notification
Position Chief Executive 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
--------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
nil 164,368
--------------------------------------
Aggregated information and volume price Total volume of shares: 164,368
Total price GBP GBPnil
--------------------------------------
Date of transaction 22 March 2023 UK BST
--------------------------------------
Place of transaction Outside a trading venue
--------------------------------------
1 - Details of the person discharging managerial responsibilities / person closely associated
Name Antony Smith
--------------------------------------
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
--------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
nil 138,053
--------------------------------------
Aggregated information and volume price Total volume of shares: 138,053
Total price GBP GBPnil
--------------------------------------
Date of transaction 22 March 2023 UK BST
--------------------------------------
Place of transaction Outside a trading venue
--------------------------------------
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END
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(END) Dow Jones Newswires
March 22, 2023 13:35 ET (17:35 GMT)
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