REG - Various Eateries PLC - PDMR Trading Notification

Various EateriesAnnouncement

12/04/2021 07:05

RNS Number : 0557V
  
Various Eateries PLC
  
12 April 2021
  
 

VARIOUS EATERIES PLC
("Various Eateries" or "the Company"
and with its subsidiaries "the Group")
PDMR Trading Notification
The Company has received notice today that a company which is deemed to be controlled by Mr Osmond, but which also has other minority shareholders, has undertaken a number of transfers of shares in Various Eateries.  The details are set out as follows
 




Transferring Party 


Original Holding


Number of Shares Transferred


Price per Transferring Share 


Total Shares remaining




Rare Bird Hotels Limited 


9,523,809


1,164,381


73p


8,359,428




 


 


 


 


 




  
These transfers were intended and permitted pursuant to the terms of a series of Lock In Agreements signed by each of Hugh Osmond and Rare Bird Hotels Limited on 18 September 2020 and are to principally facilitate the settlement in specie of certain shareholder loan notes within the Rare Bird Hotels Limited group (further details of these arrangements are set out in the Company's Admission Document, which can be found on the Company's website www.variouseateries.co.uk. As a result of these transfers, certain individuals and companies, who have been supportive long term investors in the hotel businesses acquired by the Company, will now become shareholders in Various Eateries. The effective date of the transfer of shares is today.
 
Following these transfers, Hugh Osmond is deemed to be interested in 41,616,859 Ordinary Shares representing 46.76% of the total issued share capital of the Company of which 24,569,344 Ordinary Shares are held by Xercise 2 Limited, 8,359,428 Ordinary Shares are held by Rare Birds Hotel Limited, 3,174,603 Ordinary Shares are held by the Great House at Sonning Limited and 5,513,484 Ordinary Shares are held by Friends Provident International (FPI operates on an execution only basis on the sole instruction of Hugh Osmond).
 
Enquiries




Various Eateries plc


 


 




Yishay Malkov


Chief Executive Officer


Via Alma PR




Andrew Bassadone


Executive Chairman


 




Hugh Osmond


Non-Executive Director


 




 


 


 




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




Susie Hudson


 


variouseateries@almapr.co.uk




David Ison


 


 




Molly Gretton


 


 




 


 


 




 




1 


Details of the person discharging managerial responsibilities/person closely associated 




a)


Name


Rare Bird Hotels Limited




2 


Reason for the notification 




a)


Position/status


PCA of Hugh Osmond




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
 
Identification code


Ordinary shares of 1p
 
 
GB000B9BZK23




b)


Nature of the transaction


Share Transfer




c)


Price(s) and volume(s)


1,164,381 ordinary shares at 73p 




d)


Aggregated information
-    Aggregated volume
-    Price


 
1,164,381 ordinary shares
73p




e)


Date of the transaction


12 April 2021




f)


Place of the transaction


London Stock Exchange, AIM




 
About Various Eateries
Various Eateries owns, develops and operates restaurant 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 Oliver Williams (CFO). The Group operates two core brands across ten locations: 
·Coppa Club, a multi-use, all-day concept that combines restaurant, terrace, café, lounge, bar and work spaces (and in some locations, hotels)
·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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