City Pub Group PLC (The) Grant of Options and Director / PDMR Shareholdings (3967O)
June 10 2022 - 1:01AM
UK Regulatory
TIDMCPC
RNS Number : 3967O
City Pub Group PLC (The)
10 June 2022
10 June 2022
The City Pub Group plc
("The City Pub Group" or the "Company")
Grant of Options and Director / PDMR Shareholdings
The City Pub Group plc announces that on 10 June 2022 the
Company granted awards (in the form of nominal cost options) over
1,000,000 ordinary shares of 1p each ("Ordinary Shares") to certain
Directors and employees of the Company (the "Options").
The Options have been granted under the Company's Long Term
Incentive Plan, are exercisable in 2025 following release of the
Company's audited accounts for the year ended 31 December 2024, are
subject to performance conditions relating to the Company's EBITDA
profitability (pre-IFRS 16) and have a 10-year term.
The Company also announces that on 10 June 2022 it granted
additional new options to Holly Elliott and Chris Merriman over
33,333 and 8,333 Ordinary Shares respectively under The Company's
Share Option Plan (the "CSOPs"). The CSOPs have an exercise price
of GBP0.90, will vest after 3 years and have a 10-year term.
Details of the Options and CSOPs granted to the PDMRs of the
Company are set out in the table below together with further
information required under the Market Abuse Regulation in respect
of PDMR dealings at the end of this announcement.
Name Position Number of shares
subject to the Options
and CSOPs granted
Clive Watson Executive Chairman 200,000
------------------------- ------------------------
Holly Elliott Chief Financial Officer 233,333
------------------------- ------------------------
Toby Smith Chief Operating Officer 200,000
------------------------- ------------------------
Rupert Clark Managing Director 200,000
------------------------- ------------------------
Chris Merriman Financial Controller 58,333
------------------------- ------------------------
Following the grant of the Options and CSOPs, there are options
over a total of 9,001,666 Ordinary Shares in the Company,
representing 8.5 per cent. of the Company's current issued share
capital. In addition, there are 675,000 Ordinary Shares held in the
Company's employee benefit trust ("EBT") that are subject to
outstanding JSOP awards, as well as a further 1,250,000 unallocated
Ordinary Shares in the EBT (together the "JSOP Shares") that would
be available to satisfy any outstanding options under the LTIP or
the Company's Company Share Option Plan. The aggregate 1,925,000
JSOP Shares do not have voting rights.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Clive Watson
----------------------------------------------- --------------------------------
2. Reason for the Notification
---------------------------------------------------------------------------------
a) Position/status Executive Chairman
----------------------------------------------- --------------------------------
b) Initial notification/ Amendment Initial notification
----------------------------------------------- --------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name The City Pub Group plc
----------------------------------------------- --------------------------------
b) LEI 213800OHELCFJ6GLZC03
----------------------------------------------- --------------------------------
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 Options over Ordinary Shares
instrument, type of instrument of 1p each
Identification code GB00BYWRS683
----------------------------------------------- --------------------------------
b) Nature of the transaction Grant of options
----------------------------------------------- --------------------------------
c) Price(s) and volume(s) Price Volume
----------------------------------------------- -------------- ----------------
Nil 200,000
------------------------------------------------------------------- ----------------
d) Aggregated information: Single transaction as in
* Aggregated volume 4c) above
200,000
Nil
* Price
----------------------------------------------- --------------------------------
e) Date of the transaction 10 June 2022
----------------------------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
----------------------------------------------- --------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Holly Elliott
----------------------------------------- --------------------------------
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 The City Pub Group plc
----------------------------------------- --------------------------------
b) LEI 213800OHELCFJ6GLZC03
----------------------------------------- --------------------------------
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 Options over Ordinary Shares
instrument, type of instrument of 1p each
Identification code GB00BYWRS683
----------------------------------------- --------------------------------
b) Nature of the transaction Grant of Options
----------------------------------------- --------------------------------
c) Price(s) and volume(s) Price Volume
----------------------------------------- ------------------- -----------
Nil 200,000
------------------------------------------------------------------ -----------
Exercise
price
of GBP0.90 33,333
------------------------------------------------------------------ -----------
d) Aggregated information:
* Aggregated volume 233,333
n/a
* Price
----------------------------------------- --------------------------------
e) Date of the transaction 10 June 2022
----------------------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
----------------------------------------- --------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Toby Smith
----------------------------------------------- --------------------------------
2. Reason for the Notification
---------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
----------------------------------------------- --------------------------------
b) Initial notification/ Amendment Initial notification
----------------------------------------------- --------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name The City Pub Group plc
----------------------------------------------- --------------------------------
b) LEI 213800OHELCFJ6GLZC03
----------------------------------------------- --------------------------------
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 Options over Ordinary Shares
instrument, type of instrument of 1p each
Identification code GB00BYWRS683
----------------------------------------------- --------------------------------
b) Nature of the transaction Grant of Options
----------------------------------------------- --------------------------------
c) Price(s) and volume(s) Price Volume
----------------------------------------------- -------------- ----------------
Nil 200,000
------------------------------------------------------------------- ----------------
d) Aggregated information: Single transaction as in
* Aggregated volume 4c) above
200,000
Nil
* Price
----------------------------------------------- --------------------------------
e) Date of the transaction 10 June 2022
----------------------------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
----------------------------------------------- --------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Rupert Clark
----------------------------------------------- -----------------------------------
2. Reason for the Notification
------------------------------------------------------------------------------------
a) Position/status Managing Director
----------------------------------------------- -----------------------------------
b) Initial notification/ Amendment Initial notification
----------------------------------------------- -----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name The City Pub Group plc
----------------------------------------------- -----------------------------------
b) LEI 213800OHELCFJ6GLZC03
----------------------------------------------- -----------------------------------
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 Interests in ordinary shares
instrument, type of instrument of 1p each under the Company's
Joint Share Ownership Plan
Identification code GB00BYWRS683
----------------------------------------------- -----------------------------------
b) Nature of the transaction Grant of options
----------------------------------------------- -----------------------------------
c) Price(s) and volume(s) Price Volume
----------------------------------------------- --------------- ------------------
Nil 200,000
-------------------------------------------------------------------- ------------------
d) Aggregated information: Single transaction as in
* Aggregated volume 4c) above
200,000
Nil
* Price
----------------------------------------------- -----------------------------------
e) Date of the transaction 10 June 2022
----------------------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
----------------------------------------------- -----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Chris Merriman
------------------------------------------ --------------------------------
2. Reason for the Notification
----------------------------------------------------------------------------
a) Position/status Financial Controller
------------------------------------------ --------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------ --------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name The City Pub Group plc
------------------------------------------ --------------------------------
b) LEI 213800OHELCFJ6GLZC03
------------------------------------------ --------------------------------
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 Options over Ordinary Shares
instrument, type of instrument of 1p each
Identification code GB00BYWRS683
------------------------------------------ --------------------------------
b) Nature of the transaction Grant of Options
------------------------------------------ --------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------------ --------------------- ---------
Nil 50,000
--------------------------------------------------------------------- ---------
Exercise
price
of GBP0.90 8,333
--------------------------------------------------------------------- ---------
d) Aggregated information:
* Aggregated volume 58,333
n/a
* Price
------------------------------------------ --------------------------------
e) Date of the transaction 10 June 2022
------------------------------------------ --------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------ --------------------------------
Enquiries:
The City Pub Group Tel: +44 20 7559
Clive Watson, Chairman 5106
Holly Elliott, CFO
Liberum (Nomad & Joint Broker) Tel: +44 20 3100
Chris Clarke / Edward Thomas / Kane Collings 2000
Peel Hunt (Joint Broker) Tel: +44 20 3128
George Sellar / Andrew Clark 8789
Instinctif Partners Tel: +44 20 7457
Matthew Smallwood 2020
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHFLMRTMTAMBJT
(END) Dow Jones Newswires
June 10, 2022 02:01 ET (06:01 GMT)
City Pub (LSE:CPC)
Historical Stock Chart
From Apr 2024 to May 2024
City Pub (LSE:CPC)
Historical Stock Chart
From May 2023 to May 2024