TIDMCPC

RNS Number : 5170U

City Pub Group PLC (The)

23 November 2023

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

   1.         KEY INFORMATION 
 
 (a) Full name of discloser:                                                       The City Pub Group plc 
 (b) Owner or controller of interests and short positions disclosed, if            N/A 
 different from 1(a): 
 The naming of nominee or vehicle companies is insufficient. For a trust, the 
 trustee(s), 
 settlor and beneficiaries must be named. 
                                                                                  ------------------------------------ 
 (c) Name of offeror/offeree in relation to whose relevant securities this form    The City Pub Group plc 
 relates: 
 Use a separate form for each offeror/offeree 
                                                                                  ------------------------------------ 
 (d) Is the discloser the offeror or the offeree?                                  OFFEREE 
                                                                                  ------------------------------------ 
 (e) Date position held:                                                           23 November 2023 
  The latest practicable date prior to the disclosure 
                                                                                  ------------------------------------ 
 (f) In addition to the company in 1(c) above, is the discloser making             YES - YOUNG & CO.'S BREWERY, P.L.C. 
 disclosures in respect 
 of any other party to the offer? 
 If it is a cash offer or possible cash offer, state "N/A" 
                                                                                  ------------------------------------ 
 
   2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 
 Class of relevant security:                                                       Ordinary shares of GBP0.01 each 
                                                                                    Interests         Short positions 
                                                                              --------------------  ------------------ 
                                                                                  Number        %       Number      % 
                                                                              --------------  ----  -------------  --- 
 (1) Relevant securities owned and/or controlled:                                   NIL         -        NIL        - 
                                                                              --------------  ----  -------------  --- 
 (2) Cash-settled derivatives:                                                      NIL         -        NIL        - 
                                                                              --------------  ----  -------------  --- 
 (3) Stock-settled derivatives (including options) and agreements to                NIL         -        NIL        - 
 purchase/sell: 
                                                                              --------------  ----  -------------  --- 
                                                                                    NIL         -        NIL        - 
   TOTAL: 
                                                                              --------------  ----  -------------  --- 
 

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

   (b)        Rights to subscribe for new securities 
 
 Class of relevant security in relation to which subscription right exists:    None 
 Details, including nature of the rights concerned and relevant percentages:   N/A 
                                                                              ----- 
 
   3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE 
 
 Details of any interests, short positions and rights to subscribe (including directors' and 
  other employee options) of any person acting in concert with the party to the offer making 
  the disclosure: 
  a) Interests held by directors of The City Pub Group plc and their close relatives and related 
   trusts in the ordinary shares of GBP0.01 each in the capital of the Offeree ("Ordinary Shares") 
 
    Director            Number of Ordinary   Percentage of total 
                         Shares held          issued ordinary 
                                              share capital (to 
                                              2 d.p.) 
    Clive Watson        4,347,819*           4.16% 
                       -------------------  -------------------- 
    Rupert Clark        828,554**            0.79% 
                       -------------------  -------------------- 
    Holly Elliott       62,548               0.05% 
                       -------------------  -------------------- 
    Emma Fox            30,159               0.02% 
                       -------------------  -------------------- 
    Neil Griffiths      89,156               0.08% 
                       -------------------  -------------------- 
    Richard Prickett    164,130              0.15% 
                       -------------------  -------------------- 
    Total               5,522,366            5.25% 
                       -------------------  -------------------- 
 
 
   * Helen Watson (a person acting in concert with Clive Watson) is the registered holder of 
   87,188, Giselle Watson (a person acting in concert with Clive Watson) is the registered holder 
   of 20,600 Ordinary Shares and Charles Watson (a person acting in concert with Clive Watson) 
   is the registered holder of 39,238 Ordinary Shares. 
 
   ** Susan Jane Lindsay Clark is the registered holder of 114,989 Ordinary Shares (a person 
   acting in concert with Rupert Clark). 
 
 
   b) Options held by The City Pub Group plc directors over Ordinary Shares 
 
 
 
 
    Name        Plan          Date         Vesting      Expiry       Exercise    No. of 
                               of grant     date of      date         price      Ordinary 
                                            options                   (pence)    Shares 
                                            (from)                               under 
                                                                                 option 
                City Pub 
                 Long Term 
                 Incentive 
    Clive        Plan 2021 
     Watson      grant        May 2021     May 2024     May 2031     Nil         400,000 
               ------------  -----------  -----------  -----------  ----------  ----------- 
                City Pub 
                 Long Term 
                 Incentive 
    Clive        Plan 2022 
     Watson      grant        June 2022    June 2025    June 2032    Nil         200,000 
               ------------  -----------  -----------  -----------  ----------  ----------- 
                City Pub 
                 Long Term 
                 Incentive 
    Clive        Plan 2023 
     Watson      grant        June 2023    June 2026    June 2033    Nil         200,000 
               ------------  -----------  -----------  -----------  ----------  ----------- 
                City Pub 
                 Company 
                 Share 
    Clive        Option 
     Watson      Plan 2016    May 2016     May 2019     May 2026     GBP1.00     45,000 
               ------------  -----------  -----------  -----------  ----------  ----------- 
                City Pub 
                 Long Term 
                 Incentive 
    Holly        Plan 2021    December     December     December 
     Elliott     grant         2021         2024         2031        Nil         400,000 
               ------------  -----------  -----------  -----------  ----------  ----------- 
                City Pub 
                 Long Term 
                 Incentive 
    Holly        Plan 2022 
     Elliott     grant        June 2022    June 2025    June 2032    Nil         200,000 
               ------------  -----------  -----------  -----------  ----------  ----------- 
                City Pub 
                 Long Term 
                 Incentive 
    Holly        Plan 2023 
     Elliott     grant        June 2023    June 2026    June 2033    Nil         200,000 
               ------------  -----------  -----------  -----------  ----------  ----------- 
                City Pub 
                 Company 
                 Share 
    Holly        Option 
     Elliott     Plan 2022    June 2022    June 2025    June 2032    GBP0.90     33,333 
               ------------  -----------  -----------  -----------  ----------  ----------- 
                City Pub 
                 Long Term 
                 Incentive 
    Rupert       Plan 2021 
     Clark       grant        May 2021     May 2024     May 2031     Nil         400,000 
               ------------  -----------  -----------  -----------  ----------  ----------- 
                City Pub 
                 Long Term 
                 Incentive 
    Rupert       Plan 2022 
     Clark       grant        June 2022    June 2025    June 2032    Nil         200,000 
               ------------  -----------  -----------  -----------  ----------  ----------- 
                City Pub 
                 Long Term 
                 Incentive 
    Rupert       Plan 2023 
     Clark       grant        June 2023    June 2026    June 2033    Nil         250,000 
               ------------  -----------  -----------  -----------  ----------  ----------- 
                City Pub 
                 Company 
                 Share 
    Rupert       Option 
     Clark       Plan 2016    May 2016     May 2019     May 2026     GBP1.00     30,000 
               ------------  -----------  -----------  -----------  ----------  ----------- 
 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

   4.         OTHER INFORMATION 
   (a)        Indemnity and other dealing arrangements 
 
 Details of any indemnity or option arrangement, or any agreement or understanding, formal 
  or informal, relating to relevant securities which may be an inducement to deal or refrain 
  from dealing entered into by the party to the offer making the disclosure or any person acting 
  in concert with it: 
  Irrevocable commitments and letters of intent should not be included. If there are no such 
  agreements, arrangements or understandings, state "none" 
 
   None 
 
   (b)        Agreements, arrangements or understandings relating to options or derivatives 
 
 Details of any agreement, arrangement or understanding, formal or informal, between the party 
  to the offer making the disclosure, or any person acting in concert with it, and any other 
  person relating to: 
  (i) the voting rights of any relevant securities under any option; or 
  (ii) the voting rights or future acquisition or disposal of any relevant securities to which 
  any derivative is referenced: 
  If there are no such agreements, arrangements or understandings, state "none" 
 
   None 
 
   (c)        Attachments 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   NO 
 Supplemental Form 8 (SBL)              NO 
                                       --- 
 
 
 Date of disclosure:    23 November 2023 
 Contact name:          Chris Merriman 
                       ----------------- 
 Telephone number:      0207 099 5170 
                       ----------------- 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

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