City Pub Group PLC (The) EBT, Grant of Options and Total Voting Rights (8548C)
January 25 2018 - 2:00AM
UK Regulatory
TIDMCPC
RNS Number : 8548C
City Pub Group PLC (The)
25 January 2018
25 January 2018
The City Pub Group plc
(The "City Pub Group" or the "Company")
EBT, Grant of Options and Total Voting Rights
The City Pub Group announces that further to details included in
the Company's AIM Admission Document it has established an Employee
Benefit Trust ("EBT"), the trustee of which, Estera Trust (Jersey)
Limited, has been issued with 1,925,000 ordinary shares of 50 pence
per share ("Ordinary Shares") in the Company (the "JSOP Shares"),
equivalent to approximately 3.4 per cent. of the Company's current
issued share capital. The JSOP Shares will be held jointly by the
EBT and certain directors and employees under the terms of the
Company's Joint Share Ownership Plan. No price was paid by the
directors and employees for their interest in the JSOP Shares. The
exercise price of the JSOP Shares is GBP2.05 per Ordinary Share and
they will vest after three years. There will be no voting rights
attached to the JSOP Shares prior to vesting.
In addition, certain employees of the Company have been granted
new options in relation to a total of 922,500 Ordinary Shares under
The City Pub Group plc Company Share Option Plan (the "CSOPs"). The
CSOPs have an exercise price of GBP1.70, will vest after three
years and have a 10 year term.
Following the issue of the JSOP Shares and the grant of CSOPs,
the Company has 3,890,000 outstanding options and JSOP Shares in
total, representing approximately 6.9 per cent. of the existing
issued share capital of the Company. Further options or share
awards may be made at the discretion of the Company, up to an
aggregate limit under existing authorities of 10 per cent. of the
issued share capital of the Company immediately following the
Company's admission to AIM, being a further 1,756,733 Ordinary
Shares.
Application will be made for the JSOP Shares, which will rank
pari passu with the Company's existing issued Ordinary Shares, to
be admitted to trading on AIM. It is expected that admission will
become effective and that trading in the JSOP Shares will commence
on or around 30 January 2018 ("Admission").
In accordance with the Financial Conduct Authority's Disclosure
and Transparency Rules, the Company hereby announces that following
Admission it will have 58,392,333 Ordinary Shares in issue, none of
which are held in treasury. The total number of voting rights in
the Company is 56,467,333. The above figure of 56,467,333 may be
used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure and
Transparency Rules.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial responsibilities / person closely associated
---- ------------------------------------------------------------------------------------------------------------------------------------------------------------------
a) Name Clive Watson Rupert Clark Alex Derrick Tarquin Williams Chris Merriman Jessica Nantimba
---- ---------------- ------------------------ ----------------------- ----------------------- ---------------------- ---------------------- --------------------
2. Reason for the Notification
---- ------------------------------------------------------------------------------------------------------------------------------------------------------------------
a) Position/ Executive Chairman Managing Director Managing Director Chief Financial Management Financial
status Officer Accountant Controller
---- ---------------- ------------------------ ----------------------- ----------------------- ---------------------- ---------------------- --------------------
b) Initial Initial notification Initial notification Initial notification Initial notification Initial notification Initial
notification/ notification
Amendment
---- ---------------- ------------------------ ----------------------- ----------------------- ---------------------- ---------------------- --------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------------------------------------------------------------------------------------------------------
a) Name The City Pub Group plc The City Pub Group plc The City Pub Group plc The City Pub Group The City Pub Group The City Pub Group
plc plc plc
---- ---------------- ------------------------ ----------------------- ----------------------- ---------------------- ---------------------- --------------------
b) LEI 213800OHELCFJ6GLZC03 213800OHELCFJ6GLZC03 213800OHELCFJ6GLZC03 213800OHELCFJ6GLZC03 213800OHELCFJ6GLZC03 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 Ordinary Shares of 50p Ordinary Shares of 50p Ordinary Shares of 50p Ordinary Shares of Ordinary Shares of Ordinary Shares of
the Financial each each each 50p each 50p each 50p each
instrument,
type of
instrument
----
Identification GB00BYWRS683 GB00BYWRS683 GB00BYWRS683 GB00BYWRS683 GB00BYWRS683 GB00BYWRS683
code
---- ---------------- ------------------------ ----------------------- ----------------------- ---------------------- ---------------------- --------------------
b) Nature of the Award of JSOP Shares Award of JSOP Shares Award of JSOP Shares Award of JSOP Shares Award of JSOP Shares Award of JSOP Shares
transaction
---- ---------------- ------------------------ ----------------------- ----------------------- ---------------------- ---------------------- --------------------
c) Price(s) and Price Volume Price Volume Price Volume Price Volume Price Volume Price Volume
volume(s)
---- ---------------- ---------- ------------ --------- ------------ --------- ------------ --------- -----------
N/A 400,000 N/A 400,000 N/A 400,000 N/A 400,000 N/A 25,000 N/A 25,000
-------------------------------- ------------ --------- ------------ --------- ------------ --------- ----------- ------- ------------- -------------------- ------
d) Aggregated Single transaction as Single transaction as Single transaction as Single transaction Single transaction Single transaction
information: in 4c) above in 4c) above in 4c) above as in 4c) above as in 4c) above as in 4c) above
Aggregated 400,000 400,000 400,000 400,000 25,000 25,000
volume N/A N/A N/A N/A N/A N/A
Price
---- ---------------- ------------------------ ----------------------- ----------------------- ---------------------- ---------------------- --------------------
e) Date of the 25 January 2018 25 January 2018 25 January 2018 25 January 2018 25 January 2018 25 January 2018
transaction
---- ---------------- ------------------------ ----------------------- ----------------------- ---------------------- ---------------------- --------------------
f) Place of the London Stock Exchange, London Stock Exchange, London Stock Exchange, London Stock London Stock London Stock
transaction AIM Market (XLON) AIM Market (XLON) AIM Market (XLON) Exchange, AIM Market Exchange, AIM Market Exchange, AIM
(XLON) (XLON) Market (XLON)
---- ---------------- ------------------------ ----------------------- ----------------------- ---------------------- ---------------------- --------------------
Enquiries
The City Pub Group via Instinctif Partners
Clive Watson, Executive Chairman
Tarquin Williams, CFO
Liberum (Nomad and Joint Broker) Tel: +44 20 3100 2222
Chris Clarke / Jill Li / Clayton
Bush
Berenberg (Joint Broker) Tel: +44 20 3207 7800
Chris Bowman / Toby Flaux / Marie
Stolberg
Instinctif Partners Tel: +44 20 7457 2020
Matthew Smallwood / Guy Scarborough
This information is provided by RNS
The company news service from the London Stock Exchange
END
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