Director/PDMR Shareholding
Restaurant Group PLC
08 December 2005
For immediate release 8 December 2005
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 25p each ('Shares').
On 7 December 2005 the Company made the conditional awards of Shares ('Awards')
under the The Restaurant Group Long Term Incentive Plan ('LTIP') detailed below.
Details of the LTIP were provided in the circular sent to shareholders dated
21 October 2005 and approved at an extraordinary general meeting of the Company
on 9 November 2005.
Executive Directors:
Name Role Conditional shares Potential matching Total options
award (number) shares award (number) and awards now held (number)
Alan Executive 137,755 103,316 1,681,178
Jackson Chairman
Andrew Group 180,272 67,602 1,426,090
Page Managing
Director
Stephen Finance 112,244 42,091 454,335
Critoph Director
Kevin Managing 119,047 44,642 842,753
Bacon Director,
Leisure
Trish Managing 102,040 38,265 553,272
Corzine Director,
The Concession
Connection
PDMRs:
Name Role Conditional shares Potential matching Total options
award (number) shares award (number) and awards now held (number)
Robert Company 28,911 7,227 293,821
Morgan Secretary
Danny Deputy 30,612 22,959 283,612
Briethaupt Managing Director,
Frankie & Benny's
Angelo Operations 30,612 22,959 365,930
Gabrilatsou Director,
Chiquito and
Garfunkel's
Awards granted under the LTIP will vest on the approval of the audited results
of the group for the year ending 31 December 2008 (i.e. March 2009), but only to
the extent that certain performance criteria based on earnings per share growth
and, in respect of awards granted to the directors and certain senior executives
only, 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.
The notification of these Awards is intended to satisfy the Company's
obligations under Section 324 of the Companies Act 1985 and Disclosure Rule
3.1.4. A further announcement will be made as and when appropriate.
Enquiries
The Restaurant Group Plc, Tel.: 020 7747 7750
Robert Morgan, Company Secretary
ENDS
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