Director/PDMR Shareholding

RNS Number : 3471J
Restaurant Group PLC
04 December 2018
 

4 December 2018

The Restaurant Group Plc (the "Company")
Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them

The Company was notified on 29 November 2018, pursuant to Article 19(1) of the Market Abuse Regulation (2014/596/EU) ("MAR"), that the transactions set out below occurred on the London Stock Exchange in connection with new ordinary shares in the share capital of the Company, provisionally allotted (nil paid) with ISIN GB00BG364719 (each a "Nil Paid Right").

On 29 November 2018, Nil Paid Rights were granted to the following individuals, each of whom is a "person discharging managerial responsibilities" ("PDMR") as such term is defined in MAR:

PDMR

Beneficial holding of ordinary shares in the Company as at close of business on 26 November 2018 (the "Record Date")

Number of Nil Paid Rights granted

Debbie Hewitt*

53,638

77,477

Andy McCue

120,588

174,182

Kirk Davis

24,000

34,666

Simon Cloke

7,000

10,111

Mike Tye

7,284

10,521

Graham Clemett

11,926

17,226

* Debbie Hewitt's interest in this transaction is partially held through a "person closely associated" with her ("PCA"), as such term is defined in MAR, Paul Hewitt.

The following PDMRs have already elected to take up Nil Paid Rights as follows:

PDMR

Nil Paid Rights taken up

Date

Mike Tye

10,521

3 December 2018

 

The Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the transactions listed above are set out below:

1.

Details of PDMR / PCA

a)

Name

Debbie Hewitt

2.

Reason for the notification

a)

Position / status

Chairman

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Nil paid rights

b)

Nature of the transaction

Grant of nil paid rights by The Restaurant Group plc

c)

Price(s) and volume(s)

Price: N/A

Volume: 77,477

d)

Aggregated information 

N/A

e)

Date of the transaction

29 November 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Andy McCue

2.

Reason for the notification

a)

Position / status

Chief Executive Officer

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Nil paid rights

b)

Nature of the transaction

Grant of nil paid rights by The Restaurant Group plc

c)

Price(s) and volume(s)

Price: N/A

Volume: 174,182

d)

Aggregated information 

N/A

e)

Date of the transaction

29 November 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Kirk Davis

2.

Reason for the notification

a)

Position / status

Chief Financial Officer

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Nil paid rights

b)

Nature of the transaction

Grant of nil paid rights by The Restaurant Group plc

c)

Price(s) and volume(s)

Price: N/A

Volume: 34,666

d)

Aggregated information 

N/A

e)

Date of the transaction

29 November 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Simon Cloke

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Nil paid rights

b)

Nature of the transaction

Grant of nil paid rights by The Restaurant Group plc

c)

Price(s) and volume(s)

Price: N/A

Volume: 10,111

d)

Aggregated information 

N/A

e)

Date of the transaction

29 November 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Mike Tye

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Nil paid rights

b)

Nature of the transaction

Grant of nil paid rights by The Restaurant Group plc

c)

Price(s) and volume(s)

Price: N/A

Volume: 10,521

d)

Aggregated information 

N/A

e)

Date of the transaction

29 November 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Nil paid rights

b)

Nature of the transaction

Grant of nil paid rights by The Restaurant Group plc

c)

Price(s) and volume(s)

Price: N/A

Volume: 17,226

d)

Aggregated information 

N/A

e)

Date of the transaction

29 November 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Mike Tye

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Nil paid rights

b)

Nature of the transaction

Purchase of nil paid rights

c)

Price(s) and volume(s)

Price: 108.5 pence

Volume: 10,521

Total: £11,415.28

d)

Aggregated information 

N/A

e)

Date of the transaction

3 December 2018

f)

Place of the transaction

London Stock Exchange

 

Unless otherwise defined in this announcement, capitalised terms in the following paragraph have the meaning given to them in the combined circular and prospectus of the Company dated 12 November 2018 (the "Prospectus").

The Prospectus states that Graham Clemett held 14,218 Ordinary Shares at the Latest Practicable Date, being 9 November 2018, and that, immediately following the Rights Issue, Graham will hold 34,755 Ordinary Shares, assuming he takes up his rights to New Ordinary Shares in full.  On 3 December 2018, however, the Company was informed that Graham in fact held 12,138 Ordinary Shares at the Latest Practicable Date and 11,926 Ordinary Shares at the Record Date, as a result of a series of sales conducted by Graham's investment manager to fund investment management fees, details of which are set out below.  The Company understands that Graham intends to acquire a further 5,603 Nil Paid Rights before 11.00 a.m. on 13 December 2018 in order to ensure that, immediately following the Rights Issue, Graham will hold 34,755 Ordinary Shares.

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £3.0538

Volume: 145

Total: £442.80

d)

Aggregated information 

N/A

e)

Date of the transaction

16 October 2017

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £2.781296

Volume: 159

Total: £442.23

d)

Aggregated information 

N/A

e)

Date of the transaction

15 November 2017

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £2.8896

Volume: 153

Total: £442.11

d)

Aggregated information 

N/A

e)

Date of the transaction

15 December 2017

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £2.7831

Volume: 159

Total: £442.51

d)

Aggregated information 

N/A

e)

Date of the transaction

15 January 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £2.605

Volume: 169

Total: £440.25

d)

Aggregated information 

N/A

e)

Date of the transaction

15 February 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £2.5772

Volume: 171

Total: £440.70

d)

Aggregated information 

N/A

e)

Date of the transaction

15 March 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £2.8190

Volume: 157

Total: £442.58

d)

Aggregated information 

N/A

e)

Date of the transaction

16 April 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £3.1604

Volume: 140

Total: £442.46

d)

Aggregated information

N/A

e)

Date of the transaction

15 May 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £2.996

Volume: 147

Total: £440.41

d)

Aggregated information 

N/A

e)

Date of the transaction

15 June 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £2.6835

Volume: 176

Total: £472.30

d)

Aggregated information 

N/A

e)

Date of the transaction

16 July 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £2.5835

Volume: 182

Total: £470.20

d)

Aggregated information 

N/A

e)

Date of the transaction

15 August 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £2.9545

Volume: 160

Total: £472.72

d)

Aggregated information 

N/A

e)

Date of the transaction

17 September 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £2.9175

Volume: 162

Total: £472.64

d)

Aggregated information 

N/A

e)

Date of the transaction

15 October 2018

f)

Place of the transaction

London Stock Exchange

 

1.

Details of PDMR / PCA

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position / status

Non-executive director

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Restaurant Group plc

b)

LEI

213800V4LJ2FXMQKKA46

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

Ordinary shares

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price per share: £2.2236

Volume: 212

Total: £471.40

d)

Aggregated information 

N/A

e)

Date of the transaction

15 November 2018

f)

Place of the transaction

London Stock Exchange

 

 

Enquiries:

 

 

 

The Restaurant Group plc

Ace Company Services Limited

Company Secretary

Tel: 020 3117 5001

 

 

 


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