Director/PDMR Shareholding
Updated : 17:06
Hollywood Bowl Group plc
Directors' Shareholding
Hollywood Bowl Group plc (LSE: BOWL the "Company") announces that on 2 January 2018 the following ordinary shares (the "Shares") in the Company were acquired by the Company's Employee Benefit Trust (the "EBT") on behalf of the Executive Directors:
Director | Position | Number of Deferred Shares acquired |
Stephen Burns | Chief Executive Officer | 21,677 |
Laurence Keen | Chief Financial Officer | 14,867 |
Stephen Burns and Laurence Keen were required to defer 35% of their post-tax annual bonus for the financial year ending 30 September 2017 into ordinary shares for a period of two years; this acquisition on their behalf by the EBT puts the required deferral into effect. Legal title to the Shares will be held by the EBT for a period of two years before being transferred to the Executive Directors. 35% of the post-tax value of each Executive Directors' annual bonus was provided to the EBT in order to effect the acquisition.
Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the Shares.
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
| Acquisition of Ordinary Shares by Hollywood Bowl EBT Limited to be held on behalf of Stephen Burns.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d) | Aggregated information Aggregated volume Price
|
Volume: 21,677
Price: £2.10 | ||||
e) | Date of the transaction
| 2 January 2018 | ||||
f) | Place of the transaction
| London Stock Exchange - XLON
| ||||
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
| Acquisition of Ordinary Shares under the Company's annual bonus plan by Hollywood Bowl EBT Limited to be held on behalf of Laurence Keen.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d) | Aggregated information Aggregated volume Price
|
Volume: 14,867
Price: £2.10 | ||||
e) | Date of the transaction
| 2 January 2018 | ||||
f) | Place of the transaction
| London Stock Exchange - XLON
| ||||
This information is provided by RNS