23 June 2025
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 continued employment and satisfaction of stretching performance targets. The Company announces that the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") of the Company have been granted Nil Cost Options:
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Name of Director/PDMR |
Number of Shares subject to Nil Cost Option |
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Andy Naylor |
544,578 |
The Nil Cost Options were granted on 23 June 2025 and will vest on 23 June 2028, subject to the satisfaction of performance targets.
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.
For further information, please contact:
Tortilla Mexican Grill PLC via EggmediaAndy Naylor, Chief Executive Officer
Panmure Liberum Limited (Nominated Adviser, Sole Broker) Tel: 020 3100 2222
Andrew Godber
Edward Thomas
Nikhil Varghese
Eggmedia Ltd (Public Relations) Tel: 07710 571452
Ian Edmondson egg@eggmediapr.com
Ross Gow ian@eggmediapr.com
Notification of Dealing Form:
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation
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1 |
Details of the person discharging managerial responsibilities / person closely associate |
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a) |
Name |
Andy Naylor |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Tortilla Mexican Grill plc |
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b) |
LEI |
213800YQDPNTU1EY8U28 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary Shares of £0.01 each |
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Identification code |
ISIN: GB00BNYDGZ21 |
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b) |
Nature of the transaction |
Grant of share awards under The Tortilla Mexican Grill plc Long Term Incentive Plan 2021. |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated Information Volume Price |
n/a single transaction |
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e) |
Date of transaction |
23 June 2025 |
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f) |
Place of transaction |
Outside a trading venue |
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