Grant of Options under SAYE Scheme

RNS Number : 4345P
Hollywood Bowl Group plc
08 February 2019
 

8 February 2019

 

Hollywood Bowl Group plc (the "Company") 

Grant of Options under the Hollywood Bowl Group plc Save As You Earn Scheme ("SAYE Scheme")

Notification of transactions by directors/persons discharging managerial responsibilities

Hollywood Bowl Group plc (LSE: BOWL the "Company") announces that on 1 February 2019 options were granted to employees of the Company pursuant to the SAYE Scheme.

 

Participation in the SAYE Scheme has been made available to all employees of the Company who satisfy certain eligibility criteria, giving them the opportunity to participate in the future growth of the Company via options granted under the SAYE Scheme.

A total of 96 employees have elected to participate in the SAYE Scheme and, pursuant to their elections, options over a total of 98,817 Ordinary Shares ("Options"), equating to 0.07 per cent. of the current issued share capital of the Company, were granted on 1 February 2019. The Options are normally exercisable between 1 February 2022 and 31 July 2022 and have an exercise price, calculated in accordance with the rules of the SAYE Scheme, of £2.27 per Ordinary Share. The exercise of Options is not dependent upon the satisfaction of performance criteria.

The following Executive Directors and persons discharging managerial responsibility ("PDMRs") of the Company, have elected to participate in the SAYE scheme and their Options are included in the total figures above:

 

Director/PDMR

No. of Options

Stephen Burns

2,378

Laurence Keen

2,378

Mat Hart

3,964

Melanie Dickinson

2,378

 

Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the Options granted to Executive Directors and PDMRs.

 

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

Amber Ahluwalia

 

+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 options to acquire Ordinary shares under the Company's Save as You Earn scheme

 

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

2.27

2,378

 

d)

Aggregated

information

Aggregated volume

Price

 

 

Volume: 2,378

 

Price: £5,398.06

e)

Date of the

transaction

 

1 February 2019

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 options to acquire Ordinary shares under the Company's Save as You Earn scheme

 

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

2.27

2,378

 

d)

Aggregated

information

Aggregated volume

Price

 

 

Volume: 2,378

 

Price: £5,398.06

e)

Date of the

transaction

 

1 February 2019

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 (PDMR)

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 options to acquire Ordinary shares under the Company's Save as You Earn scheme

 

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

2.27

3,964

 

d)

Aggregated

information

Aggregated volume

Price

 

 

Volume: 3,964

 

Price: £8,998.28

e)

Date of the

transaction

 

1 February 2019

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

Talent Director (PDMR)

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 options to acquire Ordinary shares under the Company's Save as You Earn scheme

 

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

2.27

2,378

 

d)

Aggregated

information

Aggregated volume

Price

 

 

Volume: 2,378

 

Price: £5,398.06

e)

Date of the

transaction

 

1 February 2019

f)

Place of the

transaction

 

Outside a trading venue

 

 


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