TIDMCPC
RNS Number : 0242Z
City Pub Group PLC (The)
18 May 2021
18 May 2021
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 18 May 2021 the Company
granted awards (in the form of nominal cost options) over 1,550,000
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 2024 following release of the
Company's audited accounts for the year ended 31 December 2023, are
subject to performance conditions relating to the Company's EBITDA
profitability (pre-IFRS 16) and have a 10 year term.
Details of the Options 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 Options granted
Clive Watson Executive Chairman 400,000
------------------------- -------------------------
Tarquin Williams Chief Financial Officer 400,000
------------------------- -------------------------
Rupert Clark Managing Director 400,000
------------------------- -------------------------
Chris Merriman Chief Accountant 50,000
------------------------- -------------------------
The Company also announces that on 18 May 2021 the following
Directors relinquished their interests, for no consideration, in an
aggregate of 1,200,000 Ordinary Shares under the Company's Joint
Share Ownership Plan ("JSOP") (the "Relinquished Shares") as
follows:
Name Position Number of shares over
which JSOP awards
relinquished
Clive Watson Executive Chairman 400,000
------------------------- ----------------------
Tarquin Williams Chief Financial Officer 400,000
------------------------- ----------------------
Rupert Clark Managing Director 400,000
------------------------- ----------------------
The awards of 400,000 Options each to Clive Watson, Tarquin
Williams and Rupert Clark are intended to replace the Relinquished
Shares.
Following the grant of the Options, there are options over a
total of 8,230,000 Ordinary Shares in the Company, representing 7.8
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 1,250,000 unallocated Ordinary
Shares referred to above include the 1,200,000 Relinquished Shares
and 50,000 shares to be relinquished by other employees who have
recently departed the Company. 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 instrument, type of instrument Options over Ordinary Shares of 1p each
Identification code GB00BYWRS683
------------------------------------------------------------------- -------------------------------------------
b) Nature of the transaction Grant of options
------------------------------------------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------------------------------------- ------------------ -----------------------
Nil 400,000
------------------------------------------------------------------------------------------- -----------------------
d) Aggregated information: Single transaction as in 4c) above
* Aggregated volume 400,000
Nil
* Price
------------------------------------------------------------------- -------------------------------------------
e) Date of the transaction 18 May 2021
------------------------------------------------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------------------------------- -------------------------------------------
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 Interests in ordinary shares of 1p each under the Company's Joint Share
instrument, type of instrument Ownership Plan
Identification code GB00BYWRS683
------------------------------------ --------------------------------------------------------------------------
b) Nature of the transaction Disposal of interest
------------------------------------ --------------------------------------------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------ ------------------------------------- -----------------------------------
Nil 400,000
------------------------------------------------------------------------------- -----------------------------------
d) Aggregated information: Single transaction as in 4c) above
* Aggregated volume 400,000
Nil
* Price
------------------------------------ --------------------------------------------------------------------------
e) Date of the transaction 18 May 2021
------------------------------------ --------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------ --------------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Tarquin Williams
------------------------------------------------------------------- -------------------------------------------
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 instrument, type of instrument Options over Ordinary Shares of 1p each
Identification code GB00BYWRS683
------------------------------------------------------------------- -------------------------------------------
b) Nature of the transaction Grant of Options
------------------------------------------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------------------------------------- ------------------ -----------------------
Nil 400,000
------------------------------------------------------------------------------------------- -----------------------
d) Aggregated information: Single transaction as in 4c) above
* Aggregated volume 400,000
Nil
* Price
------------------------------------------------------------------- -------------------------------------------
e) Date of the transaction 18 May 2021
------------------------------------------------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------------------------------- -------------------------------------------
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Tarquin Williams
------------------------------------ --------------------------------------------------------------------------
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 Interests in ordinary shares of 1p each under the Company's Joint Share
instrument, type of instrument Ownership Plan
Identification code GB00BYWRS683
------------------------------------ --------------------------------------------------------------------------
b) Nature of the transaction Disposal of Interest
------------------------------------ --------------------------------------------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------ ------------------------------------- -----------------------------------
Nil 400,000
------------------------------------------------------------------------------- -----------------------------------
d) Aggregated information: Single transaction as in 4c) above
* Aggregated volume 400,000
Nil
* Price
------------------------------------ --------------------------------------------------------------------------
e) Date of the transaction 18 May 2021
------------------------------------ --------------------------------------------------------------------------
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 instrument, type of instrument Options over Ordinary Shares of 1p each
Identification code GB00BYWRS683
------------------------------------------------------------------- -------------------------------------------
b) Nature of the transaction Grant of Options
------------------------------------------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------------------------------------- ------------------ -----------------------
Nil 400,000
------------------------------------------------------------------------------------------- -----------------------
d) Aggregated information: Single transaction as in 4c) above
* Aggregated volume 400,000
Nil
* Price
------------------------------------------------------------------- -------------------------------------------
e) Date of the transaction 18 May 2021
------------------------------------------------------------------- -------------------------------------------
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 of 1p each under the Company's Joint Share
instrument, type of instrument Ownership Plan
Identification code GB00BYWRS683
------------------------------------ --------------------------------------------------------------------------
b) Nature of the transaction Disposal of interest
------------------------------------ --------------------------------------------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------ ------------------------------------- -----------------------------------
Nil 400,000
------------------------------------------------------------------------------- -----------------------------------
d) Aggregated information: Single transaction as in 4c) above
* Aggregated volume 400,000
Nil
* Price
------------------------------------ --------------------------------------------------------------------------
e) Date of the transaction 18 May 2021
------------------------------------ --------------------------------------------------------------------------
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 Management Accountant
------------------------------------------------------------------- -------------------------------------------
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 instrument, type of instrument Options over Ordinary Shares 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
---------------------------------------------------------------------------------------------- --------------------
d) Aggregated information: Single transaction as in 4c) above
* Aggregated volume 50,000
Nil
* Price
------------------------------------------------------------------- -------------------------------------------
e) Date of the transaction 18 May 2021
------------------------------------------------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------------------------------- -------------------------------------------
Enquiries:
The City Pub Group Tel: +44 20 7559
Clive Watson, Chairman 5106
Tarquin Williams, CFO
Liberum (Nomad & Broker) Tel: +44 20 3100
Chris Clarke / Edward Thomas / Clayton Bush 2000
Instinctif Partners Tel: +44 20 7457
Matthew Smallwood / Jack Devoy 2020
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END
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