REG - Various Eateries PLC - Issue of Options Update

Various EateriesAnnouncement

26/08/2022 12:30

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RNS Number : 4119X  Various Eateries PLC  26 August 2022

VARIOUS EATERIES PLC

("Various Eateries" or "the Company"

and with its subsidiaries "the Group")

 

Issue of Options

Update

 

Options

Various Eateries announces that it has issued options over 250,000 Ordinary
Shares to Paul van Zijl, Operations Director of the Company (a non-board
position) and a PDMR of Company (the "New Options"). The New Options have been
issued as part of his remuneration package with the Company.

 

72,289 of the New Options are granted under the rules of the Company's CSOP
Share Scheme (with the balance being issued as unapproved options); all the
New Options have an exercise price of 41.5p and vest in three equal tranches
over three years with the first vesting date being the first anniversary of
the date of grant; they remain, however, conditional on the continued
employment of the recipient at the date of vesting.

 

Loan Extension

The Company also wishes to announce that it has extended its loan with its
Chairman, Andy Bassadone (the "Loan"). The unsecured Loan of £392,336.77 was
entered into by Various Eateries Trading Limited in August 2019 and was due to
expire in August 2022. It has been extended so that it will now expire on 15
April 2023.  The loan is provided by Andy Bassadone's company Anella Limited.
All other terms and conditions of the Loan remain as originally drafted
(including the interest rate which was 3.75% above LIBOR (now SONIA).

For further information please contact:

 Various Eateries plc
 Andy Bassadone        Executive Chairman                Via Alma PR
 Yishay Malkov         Chief Executive Officer
 Oli Williams          Chief Financial Officer

 WH Ireland Limited    Broker and Nominated Adviser      Tel: +44 (0)20 7220 1666
 Broking

 Harry Ansell
 Nominated Adviser

 Katy Mitchell

 Alma PR               Financial PR                      Tel: +44 (0)20 3405 0205
 David Ison                                              variouseateries@almapr.co.uk
 Lily Soares Smith
 Pippa Crabtree

 

The notifications set out below are provided in accordance with the
requirements of the EU Market Abuse Regulation.

 1   Details of the person discharging managerial responsibilities
 a)  Name                                                         Paul Van Zijl
 2   Reason for the notification
 a)  Position/status                                              Operations Director
 b)  Initial notification/amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Various Eateries plc
 b)  LEI                                                          21300SWZ6W3RNE32B76
 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  Ordinary shares of 1 pence each

     Identification code

                                                                  GB000B9BZK23
 b)  Nature of the transaction                                    Issue of Share Options

 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  41.5p     250,000
 d)  Aggregated information

     -   Aggregated volume                                        250,000

      -   Price                                                   41.5p

 e)  Date of the transaction                                      25/08/2022
 f)  Place of the transaction                                     London Stock Exchange (XLON)

d)

Aggregated information

-   Aggregated volume

 -   Price

 

250,000

41.5p

 

e)

Date of the transaction

25/08/2022

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

About Various Eateries

 

Various Eateries owns, develops and operates restaurant, clubhouse and hotel
sites in the United Kingdom. The Group's stated mission is "great people
delivering unique experiences through continuous innovation".

The Group is led by a highly experienced senior team including Andy Bassadone
(Executive Chairman), Hugh Osmond (Founder), Yishay Malkov (CEO), Oliver
Williams (CFO) and Matt Fanthorpe (Chef Director, a non-board position).

The Group operates across 15 locations with three core brands:

 ·   Coppa Club, a multi-use, all day concept that combines restaurant, terrace,
     café, lounge, bar and work spaces
 ·   Tavolino, a restaurant aiming to address a gap in the market for high-quality
     Italian food at mid-market prices
 ·   Noci, a modern, neighbourhood pasta-only concept which serves very
     high-quality dishes at reasonable prices

 

For more information visit www.variouseateries.co.uk
(http://www.variouseateries.co.uk/)

 

 

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