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RNS Number : 9866X
Hollywood Bowl Group plc
27 February 2017
 

Hollywood Bowl Group plc

 

LTIP Share Awards

 

Hollywood Bowl Group plc (LSE: BOWL the "Company") announces that on Monday 27th February 2017 its Executive Directors and PDMRs were granted the following share awards as nil-cost options over ordinary shares of £0.01 each in the Company ("Shares") under the Company's Long Term Incentive Plan ("LTIP"). The awards have been granted in accordance with the new remuneration policy adopted by the Company's shareholders at the Annual General Meeting held on Thursday 23rd February 2017.

 

 Director

Position

Number of Share Awards Granted

Stephen Burns

Chief Executive Officer

159,744

Laurence Keen

Chief Financial Officer

108,626

Mat Hart

Commercial Director

89,456

Melanie Dickinson

Talent Director

70,287

 

These awards are subject to an EPS performance condition which will be determined following the announcement of FY 2019 results, and which can be summarised as follows:

 

EPS - Financial Year 2019

% of one half of an award capable of vesting (i.e. expressed as a percentage of one-half of the total number of Shares originally subject to the Award)

 

13.75p

 

100%

Between 12.25p and 13.75p

 

Pro-rata on straight-line basis between 25% and 100%

 

12.25p

 

25%

 

Less than 12.25p

 

0%

 

The EPS measure is based on adjusted fully diluted EPS (and assuming no material changes in the Company's effective corporate tax rate). 

Further details relating to the operation of the LTIP can be found within the 2016 Annual report and accounts which are available on the Company's website.

 

Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the LTIP.

 

For further information please contact:

 

Hollywood Bowl Group

Steve Burns, Chief Executive Officer

Laurence Keen, Chief Financial Officer

Mat Hart, Commercial Director  

via Tulchan Communications





Tulchan Communications

James Macey White

David Allchurch

Will Smith

+44 (0) 207 353 4200



 

 

1.

Details of PDMR / person closely associated with them ('CAP')

a)

Name

Stephen Burns

 

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

Hollywood Bowl Group plc

b)

LEI

213800XB8YZNGJYDEZ97

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 and identification code

 

Ordinary shares of £0.01 each

 

ISIN: GB00BD0NVK62

b)

Nature of the transaction

 

Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.

 

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

£nil

159,744

d)

Aggregated

information

Aggregated volume

Price

 

 

Volume: 159,744

 

Price: £nil

e)

Date of the

transaction

 

27 February 2017

f)

Place of the

transaction

 

Outside a trading venue

 

 

1.

Details of PDMR / person closely associated with them ('CAP')

a)

Name

Laurence Keen

 

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

Hollywood Bowl Group plc

b)

LEI

213800XB8YZNGJYDEZ97

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 and identification code

 

Ordinary shares of £0.01 each

 

ISIN: GB00BD0NVK62

b)

Nature of the transaction

 

Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.

 

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

£nil

108,626

d)

Aggregated

information

Aggregated volume

Price

 

 

Volume: 108,626

 

Price: £nil

e)

Date of the

transaction

 

27 February 2017

f)

Place of the

transaction

 

Outside a trading venue

 

 

1.

Details of PDMR / person closely associated with them ('CAP')

a)

Name

Mat Hart

 

2.

Reason for the notification

a)

Position / status

Commercial Director

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Hollywood Bowl Group plc

b)

LEI

213800XB8YZNGJYDEZ97

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 and identification code

 

Ordinary shares of £0.01 each

 

ISIN: GB00BD0NVK62

b)

Nature of the transaction

 

Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.

 

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

£nil

89,456

d)

Aggregated

information

Aggregated volume

Price

 

 

Volume: 89,456

 

Price: £nil

e)

Date of the

transaction

 

27 February 2017

f)

Place of the

transaction

 

Outside a trading venue

 

 

1.

Details of PDMR / person closely associated with them ('CAP')

a)

Name

Melanie Dickinson

 

2.

Reason for the notification

a)

Position / status

Talent Director

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Hollywood Bowl Group plc

b)

LEI

213800XB8YZNGJYDEZ97

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 and identification code

 

Ordinary shares of £0.01 each

 

ISIN: GB00BD0NVK62

b)

Nature of the transaction

 

Grant of LTIP Performance Shares Award. The Award is structured as a nil cost option which shall ordinarily vest and become exercisable from the third anniversary of its grant date subject to continued service and to the extent to which the performance conditions set for the Award are satisfied.

 

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

£nil

70,287

d)

Aggregated

information

Aggregated volume

Price

 

 

Volume: 70,287

 

Price: £nil

e)

Date of the

transaction

 

27 February 2017

f)

Place of the

transaction

 

Outside a trading venue

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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