Grant of awards to Directors/PDMRs under LTIP

Source: RNS
RNS Number : 2565N
Tortilla Mexican Grill PLC
07 May 2024
 

7 May 2024

 

Tortilla Mexican Grill plc

("Tortilla" or the "Company")

Grant of awards to Directors/PDMRs under

the Tortilla Mexican Grill plc Long Term Incentive Plan 2021

 

Tortilla Mexican Grill plc, the largest and most successful fast-casual Mexican restaurant group in the UK, announces the grant of nil cost options ("Nil Cost Options") over ordinary shares of the Company to directors under the Tortilla Mexican Grill plc Long Term Incentive Plan 2021 ("LTIP").

Under the LTIP a limited number of eligible employees have been granted Nil Cost Options to subscribe for ordinary shares in the Company of £0.01 each ("Shares"), subject to stretching performance targets and continued employment. The Company announces that the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") of the Company have been granted Nil Cost Options:

Name of Director/PDMR

Number of Shares subject to Nil Cost Option

Andy Naylor

461,224

Maria Denny

336,734

 

The Nil Cost Options were granted on 2 May 2024 and will vest on 2 May 2027.

All Nil Cost Options are subject to the malus and clawback provisions set out in the LTIP rules.

All unexercised Nil Cost Options will lapse on the day falling immediately prior to the tenth anniversary of the date of grant.

The total number of Shares under option, including the Award Shares, is now 2,154,905 ("Total Option Shares"), including 1,161,723 granted to Andy Naylor and 336,734 granted to Maria Denny.

In the event that all of the Award Shares are issued, all other existing options over Shares are exercised, and no other Shares have been issued by the Company at that time, the Total Option Shares will represent 5.28% of the resulting issued share capital of the Company."

For further information, please contact:

Tortilla Mexican Grill PLC

Via Houston

Andy Naylor, Chief Executive Officer


Maria Denny, Chief Financial Officer




Liberum Capital Limited (Nominated Adviser, Sole Broker)

Tel: 020 3100 2222

Andrew Godber


Edward Thomas


Nikhil Varghese




Houston (Public Relations)

Tel: 0204 529 0549

Tortilla@houston.co.uk


Kate Hoare


Kelsey Traynor


Ben Robinson


Mackenzie Parry-Bull


 

Notification of Dealing Form:

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

1

 

Details of the person discharging managerial responsibilities / person closely associate

a)

 

Name

 

Andy Naylor

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

 

 Tortilla Mexican Grill plc

b)

 

LEI

 

 213800YQDPNTU1EY8U28

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

 

Ordinary Shares of £0.01 each

Identification code

 ISIN: GB00BNYDGZ21



b)

 

Nature of the transaction

 

 

Grant of share awards under The Tortilla Mexican Grill plc Long Term Incentive Plan 2021.

 

c)

 

Price(s) and volume(s)

Price per share

Volume

Nil

461,224

 

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

2 May 2024

f)

Place of transaction

Outside a trading venue

 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

1

 

Details of the person discharging managerial responsibilities / person closely associate

a)

 

Name

 

Maria Denny

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

 

Tortilla Mexican Grill plc

b)

 

LEI

 

 213800YQDPNTU1EY8U28

 

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

 

Ordinary Shares of £0.01 each

Identification code

 ISIN: GB00BNYDGZ21



b)

 

Nature of the transaction

 

 

Grant of share awards under The Tortilla Mexican Grill plc Long Term Incentive Plan 2021.

 

c)

 

Price(s) and volume(s)

 

Price per share

Volume

Nil

336,734

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

2 May 2024

f)

Place of transaction

Outside a trading venue

 

 

 

                                                            

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