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 Nil 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
|
|
Tortilla@houston.co.uk
|
|
|
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
|