Hollywood Bowl Group plc LTIP Share Awards (6260O)
February 01 2023 - 9:07AM
UK Regulatory
TIDMBOWL
RNS Number : 6260O
Hollywood Bowl Group plc
01 February 2023
Hollywood Bowl Group plc
LTIP Share Awards
Hollywood Bowl Group plc (LSE: BOWL the "Company") announces
that on 31 January 2023 its Executive Directors and PDMRs were
granted the following share awards as nil-cost options over
ordinary shares of GBP0.01 each in the Company ("Shares") under the
Company's Long Term Incentive Plan ("LTIP"). The awards have been
granted in accordance with the remuneration policy adopted by the
Company's shareholders at the Annual General Meeting held on Friday
28(th) January 2022.
Director Position Number of Share
Awards Granted
Stephen Burns Chief Executive Officer 170,550
Laurence Keen Chief Financial Officer 111,777
Melanie Dickinson Chief People Officer 66,179
Chief Marketing and Technology
Mat Hart Officer 82,724
Darryl Lewis Chief Operating Officer 55,285
These awards are subject to the following performance
targets:
Measure Description Weighting Threshold Target Max
Adjusted EPS(1,2) Adjusted EPS for the 70% 18.11p 19.06p 20.01p
final year of the performance (25% payout) (62.5% payout) (100% payout)
period - FY2025
------------------------------- ---------- -------------- ---------------- ---------------
Return on centre 20% return on all centre 10% 18% return 20% return 22% return
invested capital(2) invested capital (refurbs (50% payout) (75% payout) (100% payout)
and new centres)
------------------------------- ---------- -------------- ---------------- ---------------
Emissions ratio Intensity ratio (IR) 10% IR at 58 IR at 55 IR at 50
for Scope 1 of under 100
and Scope 2(2)
(50% payout) (75% payout) (100% payout)
------------------------------- ---------- -------------- ---------------- ---------------
Team member 5% of team members 10% 4% 5% 6%
development(2) progressed through
internal development
programmes
(50% payout) (75% payout) (100% payout)
------------------------------- ---------- -------------- ---------------- ---------------
(1) Adjusted EPS is defined as stated in the Group's accounts
and is subject to such adjustments as the Board, in its discretion,
determines are fair and reasonable.
(2) Vesting on a straight-line basis between threshold and
target, and target and max performance.
Subject to performance against the targets above, the awards
will vest three years after grant and will be subject to a further
two-year holding period. Further details relating to the operation
of the LTIP can be found within the 2022 Annual report and accounts
which are available on the Company's website.
The notifications below, made in accordance with Article 19 of
the UK Market Abuse Regulation, provide further detail.
For further information please contact :
Hollywood Bowl Group via Tulchan Communications
Steve Burns, Chief Executive Officer
Laurence Keen, Chief Financial Officer
Mat Hart, Chief Marketing and Technology Officer
Tulchan Communications
Will Palfreyman
James Macey White +44 (0) 207 353
Laura Marshall 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 Initial notification
/ amendment
-------------------------- --------------------------------------------
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 Ordinary shares of GBP0.01 each
financial instrument,
type of instrument ISIN: GB00BD0NVK62
and identification
code
-------------------------- --------------------------------------------
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)
GBPnil 170,550
----------
-------------------------- --------------------------------------------
d) Aggregated
information Volume: 170,550
Aggregated volume
Price Price: GBPnil
-------------------------- --------------------------------------------
e) Date of the 31 January 2023
transaction
-------------------------- --------------------------------------------
f) Place of the Outside a trading venue
transaction
-------------------------- --------------------------------------------
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 Initial notification
/ amendment
-------------------------- --------------------------------------------
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 Ordinary shares of GBP0.01 each
financial instrument,
type of instrument ISIN: GB00BD0NVK62
and identification
code
-------------------------- --------------------------------------------
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)
GBPnil 111,777
----------
-------------------------- --------------------------------------------
d) Aggregated
information Volume: 111,777
Aggregated volume
Price Price: GBPnil
-------------------------- --------------------------------------------
e) Date of the 31 January 2023
transaction
-------------------------- --------------------------------------------
f) Place of the Outside a trading venue
transaction
-------------------------- --------------------------------------------
1. Details of PDMR / person closely associated with them
('CAP')
a) Name Melanie Dickinson
-------------------------- --------------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position / status Chief People Officer
-------------------------- --------------------------------------------
b) Initial notification Initial notification
/ amendment
-------------------------- --------------------------------------------
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 Ordinary shares of GBP0.01 each
financial instrument,
type of instrument ISIN: GB00BD0NVK62
and identification
code
-------------------------- --------------------------------------------
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)
GBPnil 66,179
----------
-------------------------- --------------------------------------------
d) Aggregated
information Volume: 66,179
Aggregated volume
Price Price: GBPnil
-------------------------- --------------------------------------------
e) Date of the 31 January 2023
transaction
-------------------------- --------------------------------------------
f) Place of the Outside a trading venue
transaction
-------------------------- --------------------------------------------
1. Details of PDMR / person closely associated with them
('CAP')
a) Name Mat Hart
-------------------------- --------------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position / status Chief Marketing and Technology Officer
-------------------------- --------------------------------------------
b) Initial notification Initial notification
/ amendment
-------------------------- --------------------------------------------
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 Ordinary shares of GBP0.01 each
financial instrument,
type of instrument ISIN: GB00BD0NVK62
and identification
code
-------------------------- --------------------------------------------
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)
GBPnil 82,724
----------
-------------------------- --------------------------------------------
d) Aggregated
information Volume: 82,724
Aggregated volume Price: GBPnil
Price
-------------------------- --------------------------------------------
e) Date of the 31 January 2023
transaction
-------------------------- --------------------------------------------
f) Place of the Outside a trading venue
transaction
-------------------------- --------------------------------------------
1. Details of PDMR / person closely associated with them
('CAP')
a) Name Darryl Lewis
-------------------------- --------------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position / status Chief Operating Officer
-------------------------- --------------------------------------------
b) Initial notification Initial notification
/ amendment
-------------------------- --------------------------------------------
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 Ordinary shares of GBP0.01 each
financial instrument,
type of instrument ISIN: GB00BD0NVK62
and identification
code
-------------------------- --------------------------------------------
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)
GBPnil 55,285
----------
-------------------------- --------------------------------------------
d) Aggregated
information Volume: 55,285
Aggregated volume
Price Price: GBPnil
-------------------------- --------------------------------------------
e) Date of the 31 January 2023
transaction
-------------------------- --------------------------------------------
f) Place of the Outside a trading venue
transaction
-------------------------- --------------------------------------------
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END
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