REG - City Pub Group (The) - Grant of Options and Director / PDMR Shareholdings
10/06/2022 07:00
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RNS Number : 3967O City Pub Group PLC (The) 10 June 2022
10 June 2022
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 10 June 2022 the Company granted
awards (in the form of nominal cost options) over 1,000,000 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 2025 following release of the Company's audited accounts
for the year ended 31 December 2024, are subject to performance conditions
relating to the Company's EBITDA profitability (pre-IFRS 16) and have a
10-year term.
The Company also announces that on 10 June 2022 it granted additional new
options to Holly Elliott and Chris Merriman over 33,333 and 8,333 Ordinary
Shares respectively under The Company's Share Option Plan (the "CSOPs"). The
CSOPs have an exercise price of £0.90, will vest after 3 years and have a
10-year term.
Details of the Options and CSOPs 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 the Options and CSOPs granted
Clive Watson Executive Chairman 200,000
Holly Elliott Chief Financial Officer 233,333
Toby Smith Chief Operating Officer 200,000
Rupert Clark Managing Director 200,000
Chris Merriman Financial Controller 58,333
Following the grant of the Options and CSOPs, there are options over a total
of 9,001,666 Ordinary Shares in the Company, representing 8.5 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.
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 200,000
d) Aggregated information: Single transaction as in 4c) above
·Aggregated volume 200,000
·Price Nil
e) Date of the transaction 10 June 2022
f) Place of the transaction Outside a trading venue
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 200,000
Exercise price of £0.90 33,333
d) Aggregated information:
·Aggregated volume 233,333
·Price n/a
e) Date of the transaction 10 June 2022
f) Place of the transaction Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Toby Smith
2. Reason for the Notification
a) Position/status Chief Operating 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 200,000
d) Aggregated information: Single transaction as in 4c) above
·Aggregated volume 200,000
·Price Nil
e) Date of the transaction 10 June 2022
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 Interests in ordinary shares of 1p each under the Company's Joint Share
Ownership Plan
Identification code GB00BYWRS683
b) Nature of the transaction Grant of options
c) Price(s) and volume(s) Price Volume
Nil 200,000
d) Aggregated information: Single transaction as in 4c) above
·Aggregated volume 200,000
·Price Nil
e) Date of the transaction 10 June 2022
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 Financial Controller
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
Exercise price of £0.90 8,333
d) Aggregated information:
·Aggregated volume 58,333
·Price n/a
e) Date of the transaction 10 June 2022
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 / Kane Collings
Peel Hunt (Joint Broker) Tel: +44 20 3128 8789
George Sellar / Andrew Clark
Instinctif Partners Tel: +44 20 7457 2020
Matthew Smallwood
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