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HOLLYWOOD BOWL GROUP PLC Director's Dealing 2021
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 5976G
Hollywood Bowl Group plc
27 July 2021
Hollywood Bowl Group plc
LTIP Share Awards
Hollywood Bowl Group plc (LSE: BOWL the "Company") announces that on 22 July 2021 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 remuneration policy adopted by the Company's shareholders at the Annual General Meeting held on Thursday 30th January 2020.
| Director | Position | Number of Share Awards Granted |
| Stephen Burns | Chief Executive Officer | 165,696 |
| Laurence Keen | Chief Financial Officer | 107,594 |
| Mat Hart | Chief Marketing and Technology Officer | 68,860 |
| Melanie Dickinson | Chief People Officer | 58,101 |
| Darryl Lewis | Chief Operating Officer | 52,742 |
These awards are subject to an EPS performance condition which will be determined following the announcement of FY 2023 results, and which can be summarised as follows:
| EPS - Financial Year 2023 | % of award capable of vesting |
| 15.37p | 100% |
| Between 13.91p and 15.37p | Pro-rata on straight-line basis between 25% and 100% |
| 13.91p | 25% |
| Less than 13.91p | 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 2020 Annual report and accounts which are available on the Company's website.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, provide further detail.
For further information please contact:
| Hollywood Bowl Group Steve Burns, Chief Executive Officer Laurence Keen, Chief Financial Officer Mat Hart, Chief Marketing and Technology Officer |
via Tulchan Communications |
| Tulchan Communications James Macey White Elizabeth Snow Laura Marshall |
+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 | 165,696 |
d)
Aggregated
information
Aggregated volume
Price
Volume: 165,696
Price: £nil
e)
Date of the
transaction
22 July 2021
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 | 107,594 |
d)
Aggregated
information
Aggregated volume
Price
Volume: 107,594
Price: £nil
e)
Date of the
transaction
22 July 2021
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
Chief Marketing and Technology 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 | 68,860 |
d)
Aggregated
information
Aggregated volume
Price
Volume: 68,860
Price: £nil
e)
Date of the
transaction
22 July 2021
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
Chief People 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 | 58,101 |
d)
Aggregated
information
Aggregated volume
Price
Volume: 58,101
Price: £nil
e)
Date of the
transaction
22 July 2021
f)
Place of the
transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them ('CAP')
a)
Name
Darryl Lewis
2.
Reason for the notification
a)
Position / status
Chief Operating 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 | 52,742 |
d)
Aggregated
information
Aggregated volume
Price
Volume: 52,742
Price: £nil
e)
Date of the
transaction
22 July 2021
f)
Place of the
transaction
Outside a trading venue
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