9th Mar 2007 11:15
Restaurant Group PLC09 March 2007 The Restaurant Group PLC09 March 2007 For immediate release 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 ofDirectors and PDMRs in the Company's ordinary shares of 28.125p each ('Shares'). On 8 March 2007 the Company made the conditional awards of Shares ('Awards')under the The Restaurant Group Long Term Incentive Plan ('LTIP') detailed below. Name Role Conditional Potential shares awards matching awards (number) (number)Directors Andrew Page Chief Executive Officer 145,929 39,170Stephen Critoph Group Finance Director 69,124 20,737Kevin Bacon Managing Director, Leisure 73,732 21,313Trish Corzine Managing Director, Concessions 64,516 18,433 PDMR'sRobert Morgan Company Secretary 22,273 4,032Danny Breithaupt Deputy Managing Director, Frankie & Benny's 23,041 10,138Angelo Gabrilatsou Director, Chiquito and Garfunkel's 20,737 9,096 Awards granted under the LTIP will vest on the approval of the audited resultsof the group for the year ending 31 December 2009 (i.e. March 2010), but onlyto the extent that certain performance criteria based on earnings per sharegrowth and, in respect of awards granted to the directors and certain seniorexecutives only, total shareholder return have been satisfied by the Companyover a three year performance period. Matching shares awards are granted on thecondition that they will not vest unless the participant has acquired a certainnumber of Shares (known as 'Deposited Shares'). No consideration is payable forthe grant of the Awards and the receipt of Shares is conditional upon meetingthe performance criteria and, in the case of matching shares awards only, theacquisition and holding of Deposited Shares. It is intended that the Company'semployee benefit trust will acquire Shares necessary to fulfil any obligationarising from the vesting of the Awards. The notification of these Awards is intended to satisfy the Company'sobligations under Section 324 of the Companies Act 1985 and Disclosure Rule3.1.4. Enquiries The Restaurant Group plc, Tel.: 0845 612 5001Robert Morgan, Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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