2 Mar 2012 13:00
2 March 2012
The Restaurant Group plc
(the 'Company')
Notification of Interests of Directors and Persons Discharging Managerial Responsibility ('PDMR') and connected persons
The Company announces the following conditional changes to the interests of Directors and PDMRs in the Company's ordinary shares of 28.125p each ('Shares').
On 1 March 2012 the Company made the conditional awards of Shares ('Awards') under The Restaurant Group Long Term Incentive Plan ('LTIP') detailed below.
Name | Conditional shares awards (number) | Potential matching awards (number) |
Directors | ||
Andrew Page | 318,804 | 100,504 |
Stephen Critoph | 100,144 | 48,631 |
Trish Corzine | 89,157 | 43,227 |
| ||
PDMR | ||
Robert Morgan | 33,771 | 16,885 |
Awards granted under the LTIP will vest on the approval of the audited results of the Group for the year ending 31 December 2014 (i.e. March 2015), but only to the extent that certain performance criteria based on earnings per share and total shareholder return have been satisfied by the Company over a three year performance period. Matching shares awards are granted on the condition that they will not vest unless the participant has acquired a certain number of Shares (known as 'Deposited Shares'). No consideration is payable for the grant of the Awards and the receipt of Shares is conditional upon meeting the performance criteria and, in the case of matching shares awards only, the acquisition and holding of Deposited Shares. It is intended that the Company's employee benefit trust will acquire Shares necessary to fulfil any obligation arising from the vesting of the Awards.
Enquiries
The Restaurant Group plc, Tel.: 020 3117 5001
Robert Morgan, Company Secretary