16 June 2022
Tortilla Mexican Grill PLC
("Tortilla" or the "Company")
Director Dealing
Tortilla Mexican Grill PLC announces that it has been notified that Richard Morris, Chief Executive Officer of the Company, today purchased 3,647 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 136.75 pence per Ordinary Share. Following this purchase, Richard Morris is beneficially interested in 1,378,397 Ordinary Shares, representing approximately 3.57 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 | Richard Morris |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer / PDMR |
| 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 instrument, type of instrument Identification code | Ordinary Shares of one pence each ("Ordinary Shares") GB00BNYDGZ21 |
| b) | Nature of the transaction | Acquisition of shares |
| c) | Price(s) and volume(s) | 3,647 Ordinary Shares @ 136.75 pence each |
| d) | Aggregated information - Volume - Price - Total | N/A |
| e) | Date of the transaction | 16 June 2022 |
| f) | Place of the transaction | XLON |
For further information, please contact:
| Tortilla Mexican Grill PLC Richard Morris, Chief Executive Officer Andy Naylor, Chief Finance Officer
| Via Hudson Sandler |
| Liberum Capital (Nominated Adviser, Sole Broker) Andrew Godber Edward Thomas Nikhi Varghese | Tel: 020 3100 2222
|
| Hudson Sandler Alex Brennan Lucy Wollam Charlotte Cobb | Tel: 020 7796 4133 tortilla@hudsonsandler.com |
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 68 sites worldwide as of 31 March 2022, comprising 52 sites in the UK operated by the Group, three sites franchised to SSP Group in the UK, four sites franchised to Compass Group UK & Ireland and nine 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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