TIDMRTN

RNS Number : 0748E

Restaurant Group PLC

25 October 2022

The Restaurant Group plc

LEI: 213800V4LJ2FXMQKKA46

The Restaurant Group plc

(the "Company")

Launch of 2022 SAYE Scheme and PDMR Dealings

25 October 2022

The Company announces that, as part of its all-employee Save As You Earn share scheme (the "SAYE Scheme") for 2022, the following options over ordinary shares of 28.125 pence each in the Company were granted to certain persons discharging managerial responsibilities ("PDMRs") who elected to participate in this year's scheme at an option price of 30.02 pence per share (the "Award"):

 
 Name of PDMR    Date of Award      Role               Number of 
                                                        options 
                                    Chief Executive 
 Andy Hornby     24 October 2022     Officer           59,960 
                -----------------  -----------------  ---------- 
 

The Awards are due to vest on 1 December 2025 and will remain exercisable for six months.

Eligible employees, including Executive Directors, were invited to subscribe for options over ordinary shares with an option price of 30.02 pence per share - representing a 20% discount to the closing share price for the dealing day immediately preceding the invitation date of 26 September 2022 - by committing to a three-year savings programme. The options will vest after the three years, when participants will be able to purchase shares at the option price using the accumulated funds. A total of 12,064,015 options over ordinary shares have been granted to employees. In order to participate in the 2022 Scheme, Andy Hornby has ceased to participate in the 2020 scheme.

The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail of the number of options granted to PDMRs on 24 October 2022 under the SAYE Scheme.

Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') and connected persons

 
       Details of PDMR / person closely associated with 
  1.    them ("PCA") 
 a)    Name                       Andrew Hornby 
      -------------------------  ------------------------------------------- 
       Reason for the Notification 
  2. 
      ---------------------------------------------------------------------- 
 a)    Position                   Chief Executive Officer 
        / status 
      -------------------------  ------------------------------------------- 
 b)    Initial                    Initial Notification 
        notification 
        / amendment 
      -------------------------  ------------------------------------------- 
       Details of the Issuer, emission allowance market 
  3.    participant, auction platform, auctioneer or auction 
        monitor 
      ---------------------------------------------------------------------- 
 a)    Name                       The Restaurant Group plc 
      -------------------------  ------------------------------------------- 
 b)    Legal Entity               213800V4LJ2FXMQKKA46 
        Identifier 
      -------------------------  ------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4.    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                28.125p Ordinary Shares 
        of the 
        financial 
        instrument 
      -------------------------  ------------------------------------------- 
       Identification             GB00B0YG1K06 
        code 
      -------------------------  ------------------------------------------- 
 b)    Nature                     Grant of options to acquire The Restaurant 
        of the                     Group plc Ordinary Shares under the 
        transaction                Company's SAYE Scheme 
      -------------------------  ------------------------------------------- 
 c)    Price(s)                    Price(s)    Volume(s) 
        and volume(s)               Nil         59,960 
                                               ---------- 
      -------------------------  ------------------------------------------- 
 d)    Aggregated                      N/A (single transaction) 
        information 
         *    Aggregated volume 
 
 
         *    Price 
      -------------------------  ------------------------------------------- 
 e)    Date of                    2022-10-24 
        the transaction 
      -------------------------  ------------------------------------------- 
 f)    Place of                   Outside a trading venue 
        the transaction 
      -------------------------  ------------------------------------------- 
 
 
   Enquiries to: 
 
   Andrew Eames                     020 3117 5001 
    Company Secretary 
 
    MHP Communications               020 3128 8147 
    Oliver Hughes/Simon Hockridge    TRG@mhpc.com 
 

About the Restaurant Group plc

The Restaurant Group plc operates approximately 420 restaurants and pub restaurants throughout the UK. Its principal trading brands are Wagamama, Frankie & Benny's and Brunning & Price. It also operates a multi-brand Concessions business which trades principally in UK airports. In addition, the Wagamama business has a 20% stake in a JV operating five Wagamama restaurants in the US and over 50 franchise restaurants operating across a number of territories.

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END

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October 25, 2022 11:00 ET (15:00 GMT)

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