REG - Various Eateries PLC - Issue of Options

Various EateriesAnnouncement

20/02/2025 07:15

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RNS Number : 7650X  Various Eateries PLC  20 February 2025

20 February 2025

 

VARIOUS EATERIES PLC

 

("Various Eateries" or "the Company" and with its subsidiaries "the Group")

 

Issue of Options

 

Further to the Appointment of CEO and Board changes announcement dated 13
January 2025, Various Eateries confirms that it has now issued 4,000,000
options over ordinary shares of 1p each in the Company ("Ordinary Shares") to
Mark Loughborough, the newly appointed CEO and an Executive Director of the
Company (the "New Options"). The New Options have been issued as part of
Mark's standard remuneration package with the Company.

 

The New Options are granted under the rules of the Company's CSOP Share
Scheme. The New Options have an exercise price of range from 17.32 pence to
20.96 pence and vest in three equal tranches over three years with the first
vesting date being the first anniversary of the date of grant. The New
Options remain, however, conditional on the continued employment of the
recipient at the date of exercise.

 

Mark Loughborough holds no other options over ordinary shares in the Company.

 

Contacts

 

 Various Eateries plc                         Via Alma
 Mark Loughborough (Chief Executive Officer)
 Sharon Badelek (Chief Financial Officer)

 Zeus (Sole Broker & NOMAD)                   +44 (0)20 3829 5000
 Harry Ansell (Broking)
 Antonio Bossi (NOMAD)
 Darshan Patel

 George Duxberry

  Alma Strategic Communications                +44 (0)20 3405 0205
 David Ison                                   variouseateries@almastrategic.com (mailto:variouseateries@almastrategic.com)
 Rebecca Sanders-Hewett
 Will Merison

 

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 operates two core brands across 20 locations:

 

Coppa Club, a multi-use, all day concept that combines restaurant, terrace,
café, lounge, bar and work spaces.

 

Noci, a modern pasta-led concept which serves very high-quality dishes at
reasonable prices.

 

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

 

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                                                         Mark Loughborough
 2   Reason for the notification
 a)  Position/status                                              Chief Executive Officer
 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  Ordinary shares of 1 pence each

     Identification code

                                                                  GB00BM9BZK23
 b)  Nature of the transaction                                    Issue of Options
 c)  Price(s) and volume(s)                                       Price(s)      Volume(s)
                                                                  17.32 pence   1,333,334

                                                                  19.05 pence   1,333,333

                                                                  20.96 pence   1,333,333
 d)  Aggregated information

     -   Aggregated volume                                        4,000,000

      -   Price                                                   19.11 pence
 e)  Date of the transaction                                      20 February 2025
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

-   Aggregated volume

 -   Price

 

4,000,000

19.11 pence

e)

Date of the transaction

20 February 2025

f)

Place of the transaction

Outside of a trading venue

 

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