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RESTAURANT GROUP PLC
Remuneration Information • May 12, 2023
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 2571Z
Restaurant Group PLC
12 May 2023
12 May 2023
LEI: 213800V4LJ2FXMQKKA46
The Restaurant Group plc ('the Company')
Notification of transactions by directors, persons discharging managerial responsibilities ('PDMRs') and connected persons
On 11 May 2023, the Company made the following conditional awards of nil-cost options ('Awards') under The Restaurant Group Restricted Share Plan ('RSP'). Awards have been granted over ordinary shares of 28 1/8 pence each in the share capital of the Company ('Shares') to Directors and Persons Discharging Managerial Responsibility ('PDMR') under the RSP as follows:
| Name | Job title | Number of Shares granted under RSP Award |
| Andy Hornby | Chief Executive Officer | 1,408,089 |
| Kirk Davis | Chief Financial Officer | 826,022 |
The above awards were granted at 100% of salary as calculated using a price of 46.73 pence per Share (being the average of the Company's share price during the five dealing days ending with the dealing day before the date of grant).
Vesting of all the RSP Awards is subject to the continued employment of participants and satisfaction of the following underpin condition in respect of 100% of an Award: that the Group's underlying performance and delivery against its strategy (which may change in response to cyclical and structural changes over time) is sufficient to justify the level of vesting having regard to such factors as the Remuneration Committee considers to be appropriate in the round, including the Company's financial performance, balance sheet strength and performance against environmental, social and corporate governance priorities set by the Remuneration Committee from time to time.
The Awards will normally vest (subject to the conditions outlined above) in full after three years. Awards held by the Executive Directors will also be subject to a two-year holding period ending on the fifth anniversary of grant. During that period, the Executive Directors will ordinarily be required to retain the net-of-tax number of vested Shares.
The Awards were made in accordance with the Company's Directors' remuneration policy, as approved at the general meeting held on 8 October 2020 (and will also be in accordance with the proposed Directors' Remuneration Policy to be voted on by shareholders at the upcoming annual general meeting on 23 May 2023).
The relevant notifications set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Andy Hornby
2.
Reason for the notification
a)
Position / status
Chief Executive Officer
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Restaurant Group plc
b)
LEI
213800V4LJ2FXMQKKA46
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 financial instrument
Ordinary shares of £0.28125 each
ISIN Code: GB00B0YG1K06
b)
Nature of the transaction
Awards over shares granted pursuant to The Restaurant Group Restricted Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil consideration | 1,408,089 |
d)
Aggregated information
Aggregated volume
Price
N/A (single transactions)
e)
Date of the transaction
11 May 2023
f)
Place of the transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Kirk Davis
2.
Reason for the notification
a)
Position / status
Chief Financial Officer
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Restaurant Group plc
b)
LEI
213800V4LJ2FXMQKKA46
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 financial instrument
Ordinary shares of £0.28125 each
ISIN Code: GB00B0YG1K06
b)
Nature of the transaction
Awards over shares granted pursuant to The Restaurant Group Restricted Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil consideration | 826,022 |
d)
Aggregated information
Aggregated volume
Price
N/A (single transactions)
e)
Date of the transaction
11 May 2023
f)
Place of the transaction
Outside a trading venue
Enquiries:
Andrew Eames 020 3117 5001
Company Secretary
MHP Communications 020 3128 8147
Oliver Hughes/Simon Hockridge [email protected]
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