City Pub Group (The) - Grant of Options and Director / PDMR Shareholdings
22/12/2021 06:59
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RNS Number : 3998W City Pub Group PLC (The) 22 December 2021
22 December 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 21 December 2021 the Company granted
awards (in the form of nominal cost options) over 400,000 ordinary shares of
1p each ("Ordinary Shares") to Holly Elliott, Chief Financial Officer (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.
Concurrent to the grant of the Options, a former Director of the Company has
relinquished their interest, for no consideration, in 400,000 Ordinary Shares
under the Company's Long Term Incentive Plan. There remain options over a
total of 7,960,000 Ordinary Shares in the Company, representing 7.5 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.
The information set out below is provided in accordance with the requirements
of Article 19 of the Market Abuse Regulation:
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 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
·Aggregated volume 400,000
·Price Nil
e) Date of the transaction 21 December 2021
f) Place of the transaction Outside a trading venue
Enquiries:
The City Pub Group Tel: +44 20 7559 5106
Clive Watson, Chairman
Holly Elliott, CFO
Liberum (Nomad & Joint Broker) Tel: +44 20 3100 2000
Chris Clarke / Edward Thomas / Clayton Bush
Instinctif Partners Tel: +44 20 7457 2020
Matthew Smallwood
Peel Hunt (Joint Broker)
George Sellar
Andrew Clark
Will Bell
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