REG - Various Eateries PLC - Issue of Options

Various EateriesAnnouncement

12/05/2021 07:01

RNS Number : 2945Y
  
Various Eateries PLC
  
12 May 2021
  
 

 
VARIOUS EATERIES PLC
("Various Eateries" or "the Company" 
and with its subsidiaries "the Group")
 
PDMR Trading
Issue of Options
 
The Company confirms that it has issued options over 452,502 shares to certain employees and PDMRs of the Company, the details of the options issued to PDMRs are set out below (the "Options").
 
The Options are being granted under part a) and part b) of the Company's CSOP Share Scheme to incentivize key employees. Part a) options qualify as EMI options and part b) options are unapproved. The Options have an exercise price of 102.7p and vest equally 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. 
 
The details of the issue of Options issued to PDMRs of the Company under this new Scheme are as follows:
 



Name of PDMR


Number of new options


Exercise Price


Total options held




Becky Rose


29,111 (Part a)


1.027


-




Becky Rose


63,291 (Part b)


1.027


92,402





















 
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


Rebecca Rose




2


Reason for the notification




a)


Position/status


Head of Human Resources




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


213800SWZ6W3RNE32B76




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
Identification code


Ordinary shares of 1 pence each
 
GB00BM9BZK23




b)


Nature of the transaction


Issue of Options




c)


Price(s) and volume(s)





Price(s)


Volume(s)




102.7p


92,402


















d)


Aggregated information
-   Aggregated volume
 -   Price


 
92,402
102.7p




e)


Date of the transaction


11 May 2021




f)


Place of the transaction


London Stock Exchange (XLON)



 
 
Enquiries
 



Various Eateries plc












Andy Bassadone


Executive Chairman


Via Alma PR




Yishay Malkov


Chief Executive Officer








Oli Williams


Chief Financial Officer






















WH Ireland Limited


Sole Broker and Nominated Adviser


Tel: +44 (0)20 7220 1666




Broking 
Harry Ansell, Adam Pollock












Corporate Finance
Katy Mitchell, Lydia Zychowska


























Alma PR


Financial PR


Tel: +44 (0)20 3405 0205




David Ison






variouseateries@almapr.co.uk




Susie Hudson












Molly Gretton

























About Various Eateries
 
Various Eateries owns, develops and operates restaurant 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 two core brands across eleven locations:
 



·  


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



 
For more information visit www.variouseateries.co.uk 
 




 
 

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