City Pub Group (The) - Board Changes

City Pub Group PLC

("City Pub Group" or the "Company")

Board Changes

The Board of City Pub Group is pleased to announce the appointment of Toby Smith to the Board as Chief Operating Officer of the Company, a newly created role, with effect from 10 November 2020. 

Toby is a very experienced and senior operator with over 25 years' experience in UK hospitality. He has held CEO roles with Stonegate Pub Company, Novus Leisure and Town and City Pub Company. Prior to these, he also held senior roles at Laurel Pub Company, Spirit Group and Scottish and Newcastle Retail.

In light of the current trading conditions, Alex Derrick, Joint Managing Director, by mutual agreement, will step down from the Board and leave the Company on 10 November. The Board wishes to extend its thanks to Alex for the considerable part he has played in the Company's development from the outset and wishes him all the best for the future.

Clive Watson, Executive Chairman of City Pub Company, said:

''The challenges of COVID will also bring opportunity and we are seeking to position ourselves to take advantage of opportunities which undoubtedly will arise.

The pub estate has been locked down far more effectively than the first time. All retail staff and a large number of Head Office staff are now on furlough. We intend to run our existing estate in the most efficient manner and our infrastructure is scalable for the next part of the journey when the pandemic is behind us.

We welcome Toby to the business to accelerate the work that has been ongoing to achieve these goals. I and the Board look forward to working with him to build an even stronger, better business for the future."

                                                                                                            10 November 2020

Enquiries:

Regulatory disclosures:

The following disclosures in relation to the appointment of Toby Coultas Smith, aged 50, are required pursuant to Schedule 2(g) of the AIM Rules for Companies.

Previous directorships and partnerships (held in the past five years):

Toby Smith served as a Director of Coffeesmiths (North) Limited, Filmore and Union Restaurants Limited, CCL 001 Limited and CCL 002 Limited (the "Companies") until 28 February 2020. Coffeesmiths (North) Limited and Filmore and Union Restaurants Limited entered into a creditors voluntary liquidation ("CVL") on 24 July 2020. CCL 001 Limited entered into a CVL on 7 August 2020 and CCL 002 Limited entered into a CVL on 20 July 2020. The Companies have not yet been dissolved.

Toby served as Director of Survivor Group Limited until the company was dissolved on 15 December 2015. The company entered into administration on 21 May 2015. All creditors save for equity owners were repaid in full.