REG - Hostmore PLC - Purchase of Shares by EBT

HostmoreAnnouncement

21/07/2022 10:45

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RNS Number : 3069T  Hostmore PLC  21 July 2022

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Hostmore plc

Purchase of Shares by Employee Benefit Trust

 

21 July 2022

 

Hostmore plc (the "Company"), the hospitality business focused on
American-themed casual dining brand, 'Fridays', the cocktail-led bar and
restaurant brand, '63rd+1st', and the fast casual dining brand 'Fridays and
Go', announces that Intertrust Employee Benefit Trustee Limited, the trustee
of the Hostmore plc 2021 Employee Benefit Trust (the "Trust"), confirmed
yesterday that it has completed the market purchase of ordinary shares of
£0.20 each in the Company (the "Shares") for the benefit of the Trust, to
help meet future obligations arising under the Company's long-term incentive
plan (the "Market Purchases").

As a result of the Market Purchases, a total of 1,470,036 Shares, representing
approximately 1.17% of the Company's total issued share capital, were acquired
for the benefit of the Trust.  The Company's issued share capital continues
to comprise 126,127,279 Shares.

The Market Purchases were funded by amounts advanced by the Company by way of
loan, such funding having been provided for within recent public announcements
as to the Company's outlook.

ENDS

 

ENQUIRIES

Hostmore plc

Robert B. Cook, Chief Executive Officer

Alan Clark, Chief Financial Officer

enquiries@hostmoregroup.com (mailto:enquiries@hostmoregroup.com)

+44 330 460 5588

 

MHP

Oliver Hughes, Simon Hockridge, Eleni Menikou

Hostmore@mhpc.com

 

+44 203 128 8100

 

 

 

 

NOTES TO EDITORS

Hostmore plc is a growing hospitality business with its current operations
focused on the American-themed casual dining brand, 'Fridays', the
cocktail-led bar and restaurant brand, '63rd+1st', and the fast casual dining
brand 'Fridays and Go'. While Fridays has been trading for over three decades
in the UK, Hostmore was established in 2021 to provide a platform for the
development of hospitality brands under the leadership of an experienced
management team that has a record of building businesses in the hospitality
and leisure sectors. Hostmore's businesses are defined by their iconic brand
experience and vibrant heritage. As of 21 July 2022, Hostmore operates 90
restaurants in the United Kingdom and Jersey, a majority of which are in high
footfall locations, including retail parks, shopping centres and city centres.
Hostmore is exploring opportunities with TGI Friday's, Inc., the franchisor of
Fridays, to expand its existing brands into new franchise territories and is
seeking to add rapidly growing, early-stage businesses to its portfolio of
complementary hospitality brands, as well as to extend its offering in other
experience-led, leisure concepts.

 

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