Tortilla Mexican Grill Ltd. (GB:MEX) has released an update.
Tortilla Mexican Grill plc, the UK’s leading fast-casual Mexican restaurant group, has awarded nil cost options to key directors as part of its Long Term Incentive Plan 2021, aimed at incentivizing performance and retention. Directors Andy Naylor and Maria Denny received 461,224 and 336,734 options respectively, which will vest in 2027 and are contingent upon meeting certain performance targets. This move could potentially dilute the company’s share capital by 5.28% if all options are exercised.
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