8th Dec 2005 16:54
Restaurant Group PLC08 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 ofDirectors 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 dated21 October 2005 and approved at an extraordinary general meeting of the Companyon 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 1,681,178Jackson Chairman Andrew Group 180,272 67,602 1,426,090Page Managing Director Stephen Finance 112,244 42,091 454,335Critoph Director Kevin Managing 119,047 44,642 842,753Bacon Director, Leisure Trish Managing 102,040 38,265 553,272Corzine 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 7,227 293,821Morgan Secretary Danny Deputy 30,612 22,959 283,612Briethaupt Managing Director, Frankie & Benny's Angelo Operations 30,612 22,959 365,930Gabrilatsou Director, Chiquito and Garfunkel's Awards granted under the LTIP will vest on the approval of the audited resultsof the group for the year ending 31 December 2008 (i.e. March 2009), but only tothe extent that certain performance criteria based on earnings per share growthand, in respect of awards granted to the directors and certain senior executivesonly, total shareholder return have been satisfied by the Company over a threeyear performance period. Matching shares awards are granted on the conditionthat they will not vest unless the participant has acquired a certain number ofShares (known as "Deposited Shares"). No consideration is payable for the grantof the Awards and the receipt of Shares is conditional upon meeting theperformance 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. A further announcement will be made as and when appropriate. Enquiries The Restaurant Group Plc, Tel.: 020 7747 7750 Robert Morgan, Company Secretary ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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