PDMR

RNS Number : 1031D

Restaurant Group PLC

17 March 2011

 



The Restaurant Group plc

(the 'Company')

Notification of Interests of Directors and Persons Discharging Managerial Responsibility ('PDMR') and connected persons

The Company announces the following conditional changes to the interests of Directors and PDMRs in the Company's ordinary shares of 28.125p each ('Shares').

On 16 March 2011 the Company made the conditional awards of Shares ('Awards') under The Restaurant Group Long Term Incentive Plan ('LTIP') detailed below.

Name	Conditional shares awards (number)	Potential matching awards (number)
Directors
Andrew Page	284,790	94,930
Stephen Critoph	91,867	45,933
Trish Corzine	81,660	40,830
PDMR
Robert Morgan	31,898	23,923

Awards granted under the LTIP will vest on the approval of the audited results of the Group for the year ending 31 December 2013 (i.e. March 2014), but only to the extent that certain performance criteria based on earnings per share and total shareholder return have been satisfied by the Company over a three year performance period.  Matching shares awards are granted on the condition that they will not vest unless the participant has acquired a certain number of Shares (known as 'Deposited Shares'). No consideration is payable for the grant of the Awards and the receipt of Shares is conditional upon meeting the performance criteria and, in the case of matching shares awards only, the acquisition and holding of Deposited Shares.  It is intended that the Company's employee benefit trust will acquire Shares necessary to fulfil any obligation arising from the vesting of the Awards.

17 March 2011

Enquiries

The Restaurant Group plc	Tel: [phone]
Robert Morgan, Company Secretary

 

END

 

 

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