6th Mar 2008 12:16
Restaurant Group PLC06 March 2008 The Restaurant Group PLC06 March 2008 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 6 March 2008 the Company made conditional awards of Shares ('Awards') underThe Restaurant Group Long Term Incentive Plan ('LTIP') detailed below. Conditional Potential shares awards matching awards Name (number) (number) DirectorsAndrew Page 645,689 90,084Stephen Critoph 248,275 58,188Kevin Bacon 284,482 62,067Trish Corzine 237,931 54,310 PDMRsRobert Morgan 120,689 25,000Danny Breithaupt 127,586 42,671Angelo Gabrilatsou 113,793 37,500 Awards granted under the LTIP will vest on the approval of the audited results of the Group for the year ending 31 December 2010 (i.e. March 2011), 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. 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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