TIDMMEX

RNS Number : 2574C

Tortilla Mexican Grill PLC

10 October 2022

10 October 2022

Tortilla Mexican Grill PLC

("Tortilla" or the "Company")

Director Dealing

Tortilla Mexican Grill PLC announces that it has been notified that Andy Naylor, Chief Financial Officer of the Company, on 7 October 2022 purchased 2,848 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 104.90 pence per Ordinary Share. Following this purchase, Andy Naylor is beneficially interested in 142,565 Ordinary Shares, representing approximately 0.37 per cent. of the Company's issued share capital.

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them:

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                              Andy Naylor 
     ------------------------------------------------  --------------------------------------------- 
 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                                              Tortilla Mexican Grill PLC 
     ------------------------------------------------  --------------------------------------------- 
 b)   LEI                                               213800YQDPNTU1EY8U28 
     ------------------------------------------------  --------------------------------------------- 
 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                      Ordinary Shares of one pence 
       instrument, type of instrument                    each ("Ordinary Shares") 
       Identification code                               GB00BNYDGZ21 
     ------------------------------------------------  --------------------------------------------- 
 b)   Nature of the transaction                         Acquisition of shares 
     ------------------------------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)                            2,848 Ordinary Shares @ 104.90 
                                                         pence each 
     ------------------------------------------------  --------------------------------------------- 
 d)        Aggregated information                       N/A 
             *    Volume 
 
 
             *    Price 
 
 
             *    Total 
     ------------------------------------------------  --------------------------------------------- 
 e)   Date of the transaction                           7 October 2022 
     ------------------------------------------------  --------------------------------------------- 
 f)   Place of the transaction                          XLON 
     ------------------------------------------------  --------------------------------------------- 
 

For further information, please contact:

 
 Tortilla Mexican Grill PLC                 Via Hudson Sandler 
  Richard Morris, Chief Executive Officer 
  Andy Naylor, Chief Finance Officer 
 Liberum Capital (Nominated Adviser, Sole   Tel: 020 3100 2222 
  Broker) 
  Andrew Godber 
  Edward Thomas 
  Nikhil Varghese 
 Hudson Sandler (Public Relations)          Tel: 020 7796 4133 
  Alex Brennan                               tortilla@hudsonsandler.com 
  Wendy Baker 
  Lucy Wollam 
  Charlotte Cobb 
 

About Tortilla Mexican Grill plc

Tortilla is the largest and most successful fast-casual Mexican restaurant group in the UK specialising in the sale of freshly made Californian-inspired Mexican cuisine. The Group had 84 sites worldwide as of 3 July 2022, comprising 68 sites in the UK operated by the Group, four sites franchised to SSP Group in the UK, four sites franchised to Compass Group UK & Ireland and eight franchised sites in the Middle East.

The Group was founded in 2007 by Brandon Stephens, originally from California who, upon his arrival in London in 2003, found it difficult to satisfy his desire for quality burritos and tacos. As a result, Brandon established Tortilla with a mission of offering customers freshly prepared, customisable, and authentic Californian-inspired Mexican food.

The brand is synonymous with an energetic, vibrant culture, and with providing a great value-for-money proposition. It embraces fast-growing sector trends (including eating out, healthy eating, provenance, ethnic cuisine, delivery) across a variety of locations, through a differentiated product offering which is popular with a broad customer base, and a clearly defined multi-channel marketing strategy. It benefits from flexible site locations and formats, and a scalable central infrastructure.

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October 10, 2022 02:00 ET (06:00 GMT)

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