Business
Correction: LTIP Share Awards
Correction: LTIP Share Awards.
About this update from Hollywood Bowl Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n The following amendments have been made to the \"LTIP Share Awards\" announcement released on 1 February 2023 at 3.07pm under RNS 6260O:\n \n \n \n \n \n \n \n The Number of Share Awards Granted to each of the Directors was incorrectly stated. The correct Number of Share Awards Granted is reflected in the announcement below. \n \n \n \n \n \n All other details remain unchanged.\n \n \n \n Hollywood Bowl Group plc\n \n \n \n \n \n \n \n \n \n Correction: LTIP Share Awards\n \n \n \n \n \n \n \n \n Hollywood Bowl Group plc (LSE: BOWL\n \n 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 £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 remuneration policy adopted by the Company's shareholders at the Annual General Meeting held on Friday 28th January 2022.\n \n \n \n \n \n \n \n \n \n \n \n Director\n \n \n \n \n \n \n Position\n \n \n \n \n \n \n Number of Share Awards Granted\n \n \n \n \n \n \n \n Stephen Burns\n \n \n \n \n Chief Executive Officer\n \n \n \n \n 255,825\n \n \n \n \n \n \n Laurence Keen\n \n \n \n \n Chief Financial Officer\n \n \n \n \n 167,665\n \n \n \n \n \n \n Melanie Dickinson\n \n \n \n \n Chief People Officer\n \n \n \n \n 66,179\n \n \n \n \n \n \n Mat Hart\n \n \n \n \n Chief Marketing and Technology Officer\n \n \n \n \n 82,724\n \n \n \n \n \n \n Darryl Lewis\n \n \n \n \n Chief Operating Officer\n \n \n \n \n 55,285\n \n \n \n \n \n \n \n \n \n These awards are subject to the following performance targets:\n \n \n \n \n \n \n \n \n \n \n Measure\n \n \n \n \n \n \n Description\n \n \n \n \n \n \n Weighting\n \n \n \n \n \n \n Threshold\n \n \n \n \n \n \n Target\n \n \n \n \n \n \n Max\n \n \n \n \n \n \n \n Adjusted EPS1,2\n \n \n \n \n Adjusted EPS for the final year of the performance period - FY2025\n \n \n \n \n \n \n \n 70%\n \n \n \n \n 18.11p\n \n \n (25% payout)\n \n \n \n \n 19.06p\n \n \n (62.5% payout)\n \n \n \n \n 20.01p\n \n \n (100% payout)\n \n \n \n \n \n \n Return on centre invested capital2\n \n \n \n \n 20% return on all centre in...