Director/PDMR Shareholding

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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