REG - Various Eateries PLC - Issue of Options

Various EateriesAnnouncement

17/11/2022 17:15

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RNS Number : 8253G  Various Eateries PLC  17 November 2022

 

VARIOUS EATERIES PLC

("Various Eateries" or "the Company"

and with its subsidiaries "the Group")

 

Issue of Options

 

Various Eateries announces that it has issued options over 250,000 Ordinary
Shares to Lyndsay Anderson, the newly appointed Marketing Director of the
Company (a non-board position) and a PDMR of the Company (the "New Options").
The New Options have been issued as part of her remuneration package with the
Company.

 

86,956 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 34.5p 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. Lynsey Anderson holds no
other options over ordinary shares in the Company.

For further information please contact:

 Various Eateries plc
 Andy Bassadone                  Executive Chairman                     Via Alma PR
 Yishay Malkov                   Chief Executive Officer
 James Darwent                   Interim Chief Financial Officer

                                 Broker and Nominated Adviser           Tel: +44 (0)20 7220 1666

 WH Ireland Limited
 Broking

 Harry Ansell
 Nominated Adviser

 Katy Mitchell / Megan Liddell

 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                                                         Lyndsay Anderson
 2   Reason for the notification
 a)  Position/status                                              Marketing 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)
                                                                  34.5p     250,000
 d)  Aggregated information

     -   Aggregated volume                                        250,000

      -   Price                                                   34.5p

 e)  Date of the transaction                                      17/11/2022
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-   Aggregated volume

 -   Price

 

250,000

34.5p

 

e)

Date of the transaction

17/11/2022

f)

Place of the transaction

Outside a trading venue

 

 

 

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) and Matt
Fanthorpe (Chef Director, a non-board position).

 

The Group operates three core brands across 15 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
   ·    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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