HOLLYWOOD BOWL GROUP PLC — Director's Dealing 2017

Feb 27, 2017

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 9866X

Hollywood Bowl Group plc

27 February 2017

Hollywood Bowl Group plc

LTIP Share Awards

Hollywood Bowl Group plc (LSE: BOWL the "Company") announces that on Monday 27th February 2017 its Executive Directors and PDMRs were granted the following share awards as nil-cost options over ordinary shares of £0.01 each in the Company ("Shares") under the Company's Long Term Incentive Plan ("LTIP"). The awards have been granted in accordance with the new remuneration policy adopted by the Company's shareholders at the Annual General Meeting held on Thursday 23rd February 2017.

Director	Position	Number of Share Awards Granted
Stephen Burns	Chief Executive Officer	159,744
Laurence Keen	Chief Financial Officer	108,626
Mat Hart	Commercial Director	89,456
Melanie Dickinson	Talent Director	70,287

These awards are subject to an EPS performance condition which will be determined following the announcement of FY 2019 results, and which can be summarised as follows:

EPS - Financial Year 2019	% of one half of an award capable of vesting (i.e. expressed as a percentage of one-half of the total number of Shares originally subject to the Award)
13.75p	100%
Between 12.25p and 13.75p	Pro-rata on straight-line basis between 25% and 100%
12.25p	25%
Less than 12.25p	0%

The EPS measure is based on adjusted fully diluted EPS (and assuming no material changes in the Company's effective corporate tax rate). 

Further details relating to the operation of the LTIP can be found within the 2016 Annual report and accounts which are available on the Company's website.

Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the LTIP.

For further information please contact:

Hollywood Bowl Group Steve Burns, Chief Executive Officer Laurence Keen, Chief Financial Officer Mat Hart, Commercial Director	via Tulchan Communications
Tulchan Communications James Macey White David Allchurch Will Smith	+44 (0) 207 353 4200

1.

Details of PDMR / person closely associated with them ('CAP')

a)

Name

Stephen Burns

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

Hollywood Bowl Group plc

b)

LEI

213800XB8YZNGJYDEZ97

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, type of instrument and identification code

Ordinary shares of £0.01 each

ISIN: GB00BD0NVK62

b)

Nature of the transaction

Grant of LTIP Performance Shares Award. The Award is structured as a nil 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.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	159,744

d)

Aggregated

information

Aggregated volume

Price

Volume: 159,744

Price: £nil

e)

Date of the

transaction

27 February 2017

f)

Place of the

transaction

Outside a trading venue

1.

Details of PDMR / person closely associated with them ('CAP')

a)

Name

Laurence Keen

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

Hollywood Bowl Group plc

b)

LEI

213800XB8YZNGJYDEZ97

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, type of instrument and identification code

Ordinary shares of £0.01 each

ISIN: GB00BD0NVK62

b)

Nature of the transaction

Grant of LTIP Performance Shares Award. The Award is structured as a nil 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.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	108,626

d)

Aggregated

information

Aggregated volume

Price

Volume: 108,626

Price: £nil

e)

Date of the

transaction

27 February 2017

f)

Place of the

transaction

Outside a trading venue

1.

Details of PDMR / person closely associated with them ('CAP')

a)

Name

Mat Hart

2.

Reason for the notification

a)

Position / status

Commercial Director

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Hollywood Bowl Group plc

b)

LEI

213800XB8YZNGJYDEZ97

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, type of instrument and identification code

Ordinary shares of £0.01 each

ISIN: GB00BD0NVK62

b)

Nature of the transaction

Grant of LTIP Performance Shares Award. The Award is structured as a nil 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.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	89,456

d)

Aggregated

information

Aggregated volume

Price

Volume: 89,456

Price: £nil

e)

Date of the

transaction

27 February 2017

f)

Place of the

transaction

Outside a trading venue

1.

Details of PDMR / person closely associated with them ('CAP')

a)

Name

Melanie Dickinson

2.

Reason for the notification

a)

Position / status

Talent Director

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Hollywood Bowl Group plc

b)

LEI

213800XB8YZNGJYDEZ97

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, type of instrument and identification code

Ordinary shares of £0.01 each

ISIN: GB00BD0NVK62

b)

Nature of the transaction

Grant of LTIP Performance Shares Award. The Award is structured as a nil 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.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	70,287

d)

Aggregated

information

Aggregated volume

Price

Volume: 70,287

Price: £nil

e)

Date of the

transaction

27 February 2017

f)

Place of the

transaction

Outside a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHBRGDDGSDBGRR