TIDMCPC
RNS Number : 1487Z
City Pub Group PLC (The)
09 January 2024
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
9 January 2024
The City Pub Group plc
(City Pubs or the Company)
Transaction in own shares and rule 2.9 announcement
City Pubs announces the transfer of 125,000 ordinary shares of 1
penny each (Option Shares) out of treasury and the subsequent sale
of the Option Shares in connection with the vesting and exercise of
awards previously granted under The City Pub Group plc Company
Share Option Plan. The vesting and exercise of such awards are part
of a pre-existing obligation of City Pubs, prior to the
commencement of the offer period entered into by City Pubs on 16
November 2023 under the City Code on Takeovers and Mergers (the
Code).
The details of the dealing is as follows:
Date of sale: 9 January 2024
Volume of City Pubs ordinary
shares sold: 125,000
Average market price per ordinary
share sold (pence): 138.2
Highest price per ordinary share
sold (pence): 138.2
Lowest price per ordinary share
sold (pence): 138.2
In accordance with Rule 2.9 of the Code, City Pubs confirms
that, as at the date of this announcement, it had in issue
104,843,151 ordinary shares of 1 penny each (Ordinary Shares)
(excluding Ordinary Shares held in treasury). There are also
1,450,279 Ordinary Shares held in treasury.
The International Securities Identification Number code for the
Company's Ordinary Shares is GB00BYWRS683 .
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 (the Market Abuse Regulation), the schedule below contains
detailed information about the sales made by Equiniti Limited on
behalf of City Pubs.
Number of ordinary Transaction price Time of transaction Trading venue
shares sold (pence per ordinary
share)
125,000 138.2 15:01.09 London Stock Exchange
--------------------- -------------------- ----------------------
Enquiries
Clive Watson, Executive Chairman Tel: +44 (0) 20
Holly Elliott, CFO 7559 5106
Houlihan Lokey (Lead Financial Adviser
and Joint Rule 3 Adviser)
Sam Fuller / Tim Richardson / Tom Barnard Tel: +44 (0) 20
7839 3355
Liberum (Financial Adviser, Joint Rule
3 Adviser, AIM Nominated Adviser and Joint
Broker)
Chris Clarke / Mark Harrison / Ed Thomas Tel: +44 (0) 20
/ Kane Collings 3100 2000
Panmure Gordon (Joint Broker) Tel: +44 (0) 20
7886 2500
Simon French / Rupert Dearden / Ailsa
Macmaster
Further information
Houlihan Lokey UK Limited ( " Houlihan Lokey " ), which is
authorised and regulated in the United Kingdom by the Financial
Conduct Authority, is acting exclusively as financial adviser to
City Pubs and no one else in connection with this announcement and
will not be responsible to anyone other than City Pubs for
providing the protections afforded to clients of Houlihan Lokey or
for providing advice in relation to any matters referred to in this
announcement. Neither Houlihan Lokey nor any of its affiliates owes
or accepts any duty, liability, or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person who is not a client of Houlihan
Lokey in connection with this Announcement, any statement contained
herein or otherwise.
Liberum Capital Limited ( "Liberum") , which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting exclusively to City Pubs and no one else in connection
with this announcement and will not be responsible to anyone other
than City Pubs for providing the protections afforded to clients of
Liberum or for providing advice in relation to any matters referred
to in this announcement. Neither Liberum nor any of its affiliates
owes or accepts any duty, liability, or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person who is not a client of Liberum
in connection with this announcement, any statement contained
herein or otherwise.
Panmure Gordon (UK) Limited ("Panmure Gordon"), which is
authorised and regulated by the Financial Conduct Authority in the
United Kingdom, is acting exclusively for City Pubs and no one else
in connection with this announcement and will not be responsible to
anyone other than City Pubs for providing the protections afforded
to clients of Panmure Gordon nor for providing advice in relation
to any matters referred to in this announcement. Neither Panmure
Gordon nor any of its affiliates owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect,
whether in contract, in tort, under statute or otherwise) to any
person who is not a client of Panmure Gordon in connection with
this announcement, any statement contained herein or otherwise.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in
one (1) per cent. or more of any class of relevant securities of an
offeree company or of any securities exchange offeror (being any
offeror other than an offeror in respect of which it has been
announced that its offer is, or is likely to be, solely in cash)
must make an Opening Position Disclosure following the commencement
of the Offer Period and, if later, following the announcement in
which any securities exchange offeror is first identified.
An Opening Position Disclosure must contain details of the
person's interests and short positions in, and rights to subscribe
for, any relevant securities of each of (i) the offeree company and
(ii) any securities exchange offeror(s). An Opening Position
Disclosure by a person to whom Rule 8.3(a) of the Code applies must
be made by no later than 3.30 p.m. (London time) on the tenth
(10(th) ) Business Day following the commencement of the Offer
Period and, if appropriate, by no later than 3.30 p.m. (London
time) on the tenth (10(th) ) Business Day following the
announcement in which any securities exchange offeror is first
identified. Relevant persons who deal in the relevant securities of
the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead
make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in one (1) per cent. or more of any class of relevant
securities of the offeree company or of any securities exchange
offeror must make a Dealing Disclosure if the person deals in any
relevant securities of the offeree company or of any securities
exchange offeror. A Dealing Disclosure must contain details of the
dealing concerned and of the person's interests and short positions
in, and rights to subscribe for, any relevant securities of each of
(i) the offeree company and (ii) any securities exchange offeror,
save to the extent that these details have previously been
disclosed under Rule 8 of the Code. A Dealing Disclosure by a
person to whom Rule 8.3(b) of the Code applies must be made by no
later than 3.30 p.m. (London time) on the Business Day following
the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single
person for the purpose of Rule 8.3 of the Code.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and 8.4 of
the Code).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Panel's website at www.thetakeoverpanel.org.uk, including
details of the number of relevant securities in issue, when the
Offer Period commenced and when any offeror was first identified.
You should contact the Panel's Market Surveillance Unit on +44
(0)20 7638 0129 if you are in any doubt as to whether you are
required to make an Opening Position Disclosure or a Dealing
Disclosure.
Publication on a website
In accordance with Rule 26.1 of the Code, a copy of this
announcement and the documents required to be published under Rule
26 of the Code, will be made available free of charge (subject to
certain restrictions relating to persons resident in Restricted
Jurisdictions) on Young's website at
https://www.youngs.co.uk/investors and City Pubs' website at
https://www.citypubcompany.com/investors/, by no later than 12 noon
(London time) on the Business Day following this announcement. The
content of any website referred to in this announcement is not
incorporated into and does not form part of this announcement.
Requesting hard copy documents
In accordance with Rule 30.3 of the Code, City Pubs
Shareholders, persons with information rights and participants in
City Pubs Share Plans may request a hard copy of this announcement
(and any information incorporated by reference in this
announcement) by contacting Equiniti during business hours on +44
(0) 371 384 2030.
For persons who receive a copy of this announcement in
electronic form or via a website notification, a hard copy of this
announcement will not be sent unless so requested. Such persons may
also request that all future documents, announcements and
information be sent to them in relation to the Transaction should
be in hard copy form.
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END
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