Grant of awards to Directors/PDMRs under LTIP

Tortilla Mexican Grill PLC

07 May 2024

 

7 May 2024

Tortilla Mexican Grill plc

("Tortilla" or the "Company")

Grant of awards to Directors/PDMRs under

the Tortilla Mexican Grill plc Long Term Incentive Plan 2021

Tortilla Mexican Grill plc, the largest and most successful fast-casual Mexican restaurant group in the UK, announces the grant of nil cost options ("Nil Cost Options") over ordinary shares of the Company to directors under the Tortilla Mexican Grill plc Long Term Incentive Plan 2021 ("LTIP").

Under the LTIP a limited number of eligible employees have been granted Nil Cost Options to subscribe for ordinary shares in the Company of £0.01 each ("Shares"), subject to stretching performance targets and continued employment. The Company announces that the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") of the Company have been granted Nil Cost Options:

Name of Director/PDMR	Number of Shares subject to Nil Cost Option
Andy Naylor	461,224
Maria Denny	336,734

The Nil Cost Options were granted on 2 May 2024 and will vest on 2 May 2027.

All Nil Cost Options are subject to the malus and clawback provisions set out in the LTIP rules.

All unexercised Nil Cost Options will lapse on the day falling immediately prior to the tenth anniversary of the date of grant.

The total number of Shares under option, including the Award Shares, is now 2,154,905 ("Total Option Shares"), including 1,161,723 granted to Andy Naylor and 336,734 granted to Maria Denny.

In the event that all of the Award Shares are issued, all other existing options over Shares are exercised, and no other Shares have been issued by the Company at that time, the Total Option Shares will represent 5.28% of the resulting issued share capital of the Company."

For further information, please contact:

Tortilla Mexican Grill PLC	Via Houston
Andy Naylor, Chief Executive Officer
Maria Denny, Chief Financial Officer
Liberum Capital Limited (Nominated Adviser, Sole Broker)	Tel: [phone]
Andrew Godber
Edward Thomas
Nikhil Varghese
Houston (Public Relations)	Tel: [phone]
[e-mail]
Kate Hoare
Kelsey Traynor
Ben Robinson
Mackenzie Parry-Bull

Notification of Dealing Form:

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	Andy Naylor
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	Tortilla Mexican Grill plc
b)	LEI	213800YQDPNTU1EY8U28
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	Ordinary Shares of £0.01 each
	Identification code	ISIN: GB00BNYDGZ21
b)	Nature of the transaction	Grant of share awards under The Tortilla Mexican Grill plc Long Term Incentive Plan 2021.
c)	Price(s) and volume(s)	Price per share Volume Nil 461,224
d)	Aggregated Information Volume Price	n/a single transaction
e)	Date of transaction	2 May 2024
f)	Place of transaction	Outside a trading venue

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	Maria Denny
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	Tortilla Mexican Grill plc
b)	LEI	213800YQDPNTU1EY8U28
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	Ordinary Shares of £0.01 each
	Identification code	ISIN: GB00BNYDGZ21
b)	Nature of the transaction	Grant of share awards under The Tortilla Mexican Grill plc Long Term Incentive Plan 2021.
c)	Price(s) and volume(s)	Price per share Volume Nil 336,734
d)	Aggregated Information Volume Price	n/a single transaction
e)	Date of transaction	2 May 2024
f)	Place of transaction	Outside a trading venue

 

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