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TORTILLA MEXICAN GRILL PLC
Director's Dealing • May 7, 2024
7977_dirs_2024-05-07_7985936b-78ed-40af-bf0e-617afbbfde1a.html
Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 2565N
Tortilla Mexican Grill PLC
07 May 2024
7 May 2024
Tortilla Mexican Grill plc
("Tortilla" or the "Company")
Grant of awards to Directors/PDMRs under
the Tortilla Mexican Grill plc Long Term Incentive Plan 2021
Tortilla Mexican Grill plc, the largest and most successful fast-casual Mexican restaurant group in the UK, announces the grant of nil cost options ("Nil Cost Options") over ordinary shares of the Company to directors under the Tortilla Mexican Grill plc Long Term Incentive Plan 2021 ("LTIP").
Under the LTIP a limited number of eligible employees have been granted Nil Cost Options to subscribe for ordinary shares in the Company of £0.01 each ("Shares"), subject to stretching performance targets and continued employment. The Company announces that the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") of the Company have been granted Nil Cost Options:
| Name of Director/PDMR | Number of Shares subject to N il Cost Option |
| Andy Naylor | 461,224 |
| Maria Denny | 336,734 |
The Nil Cost Options were granted on 2 May 2024 and will vest on 2 May 2027.
All Nil Cost Options are subject to the malus and clawback provisions set out in the LTIP rules.
All unexercised Nil Cost Options will lapse on the day falling immediately prior to the tenth anniversary of the date of grant.
The total number of Shares under option, including the Award Shares, is now 2,154,905 ("Total Option Shares"), including 1,161,723 granted to Andy Naylor and 336,734 granted to Maria Denny.
In the event that all of the Award Shares are issued, all other existing options over Shares are exercised, and no other Shares have been issued by the Company at that time, the Total Option Shares will represent 5.28% of the resulting issued share capital of the Company."
For further information, please contact:
| Tortilla Mexican Grill PLC | Via Houston |
| Andy Naylor, Chief Executive Officer | |
| Maria Denny, Chief Financial Officer | |
| Liberum Capital Limited (Nominated Adviser, Sole Broker) | Tel: 020 3100 2222 |
| Andrew Godber | |
| Edward Thomas | |
| Nikhil Varghese | |
| Houston (Public Relations) | Tel: 0204 529 0549 |
| [email protected] | |
| Kate Hoare | |
| Kelsey Traynor | |
| Ben Robinson | |
| Mackenzie Parry-Bull |
Notification of Dealing Form:
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation
1
Details of the person discharging managerial responsibilities / person closely associate
a)
Name
Andy Naylor
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
Tortilla Mexican Grill plc
b)
LEI
213800YQDPNTU1EY8U28
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
Ordinary Shares of £0.01 each
Identification code
ISIN: GB00BNYDGZ21
b)
Nature of the transaction
Grant of share awards under The Tortilla Mexican Grill plc Long Term Incentive Plan 2021.
c)
Price(s) and volume(s)
| Price per share | Volume |
| Nil | 461,224 |
d)
Aggregated Information
Volume
Price
n/a single transaction
e)
Date of transaction
2 May 2024
f)
Place of transaction
Outside a trading venue
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation
1
Details of the person discharging managerial responsibilities / person closely associate
a)
Name
Maria Denny
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
Tortilla Mexican Grill plc
b)
LEI
213800YQDPNTU1EY8U28
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
Ordinary Shares of £0.01 each
Identification code
ISIN: GB00BNYDGZ21
b)
Nature of the transaction
Grant of share awards under The Tortilla Mexican Grill plc Long Term Incentive Plan 2021.
c)
Price(s) and volume(s)
| Price per share | Volume |
| Nil | 336,734 |
d)
Aggregated Information
Volume
Price
n/a single transaction
e)
Date of transaction
2 May 2024
f)
Place of transaction
Outside a trading venue
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