REG - Various Eateries PLC - Issue of Options

Various EateriesAnnouncement

05/04/2023 09:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230405:nRSE4672Va&default-theme=true

RNS Number : 4672V  Various Eateries PLC  05 April 2023

 

5 April 2023

VARIOUS EATERIES PLC

("Various Eateries" or "the Company"

and with its subsidiaries "the Group")

 

Issue of Options

 

Further to its announcement dated 9 February 2023, Various Eateries confirms
that it has issued options over 642,857 Ordinary Shares in the Company to
Sharon Badelek, the newly appointed CFO and an Executive Director of the
Company (the "New Options"). The New Options have been issued as part of
Sharon's standard remuneration package with the Company.

 

107,142 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 28p 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 exercise.

 

Sharon Badelek holds no other options over ordinary shares in the Company.

 

Enquiries

 

 Various Eateries plc                                Via Alma PR
 Andy Bassadone          Executive Chairman
 Yishay Malkov           Chief Executive Officer
 Sharon Badelek          Chief Financial Officer

 WH Ireland Limited      Sole Broker and NOMAD      Tel: +44 (0)20 7220 1666
 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
 Pippa Crabtree

 

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

 

 

 1   Details of the person discharging managerial responsibilities
 a)  Name                                                         Sharon Badelek
 2   Reason for the notification
 a)  Position/status                                              Executive Director/CFO
 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)
                                                                  28p       642,857
 d)  Aggregated information

     -   Aggregated volume                                        642,857

      -   Price                                                   28p

 e)  Date of the transaction                                      4 April 2023
 f)  Place of the transaction                                     London Stock Exchange (XLON)

d)

Aggregated information

-   Aggregated volume

 -   Price

 

642,857

28p

 

e)

Date of the transaction

4 April 2023

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) 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)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEGIGDSUXGDGXU