logo-loader
RNS
viewCity Pub Group Plc

City Pub Group (The) - Grant of Options

RNS Number : 4228Q
City Pub Group PLC (The)
19 June 2020
 

19 June 2020

The City Pub Group plc

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

Grant of Options

The City Pub Group plc announces that on 18 June 2020 the Company granted 2,100,000 nil cost options over ordinary shares of 1p each ("Ordinary Shares") to certain Directors and employees of the Company (the "Options").

The Options have been granted under the Company's Long Term Incentive Plan, are exercisable in 2023 following release of the Company's audited accounts for the year ended 25 December 2022, and are subject to performance conditions relating to the Company's profitability.

Following the grant of the Options, there are options over a total of 3,387,500 Ordinary Shares in the Company, representing 3.2 per cent. of the Company's current issued share capital (excluding 1,925,000 JSOP shares).

Details of the Options granted to the directors of the Company are set out below together with the information required under the Market Abuse Regulation in respect of PDMR dealings.

Name

Position

Number of Options granted

Clive Watson

Executive Chairman

1,000,000

Tarquin Williams

Chief Financial Officer

400,000

Rupert Clark

Managing Director

200,000

Alex Derrick

Managing Director

200,000

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Clive Watson

2.

Reason for the Notification

a)

Position/status

Executive Chairman

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The City Pub Group plc

b)

LEI

213800OHELCFJ6GLZC03

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 1p each

Identification code

GB00BYWRS683

b)

Nature of the transaction

Grant of options

c)

Price(s) and volume(s)

Price

Volume

Nil

1,000,000

d)

Aggregated information:

·Aggregated volume

·Price

Single transaction as in 4c) above

1,000,000

Nil

e)

Date of the transaction

18 June 2020

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tarquin Williams

2.

Reason for the Notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The City Pub Group plc

b)

LEI

213800OHELCFJ6GLZC03

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 1p each

Identification code

GB00BYWRS683

b)

Nature of the transaction

Grant of Options

c)

Price(s) and volume(s)

Price

Volume

Nil

400,000

d)

Aggregated information:

·Aggregated volume

·Price

Single transaction as in 4c) above

400,000

Nil

e)

Date of the transaction

18 June 2020

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rupert Clark

2.

Reason for the Notification

a)

Position/status

Managing Director

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The City Pub Group plc

b)

LEI

213800OHELCFJ6GLZC03

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 1p each

Identification code

GB00BYWRS683

b)

Nature of the transaction

Grant of Options

c)

Price(s) and volume(s)

Price

Volume

Nil

200,000

d)

Aggregated information:

·Aggregated volume

·Price

Single transaction as in 4c) above

200,000

Nil

e)

Date of the transaction

18 June 2020

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alex Derrick

2.

Reason for the Notification

a)

Position/status

Managing Director

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The City Pub Group plc

b)

LEI

213800OHELCFJ6GLZC03

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 1p each

Identification code

GB00BYWRS683

b)

Nature of the transaction

Grant of Options  

c)

Price(s) and volume(s)

Price

Volume

Nil

200,000

d)

Aggregated information:

·Aggregated volume

·Price

Single transaction as in 4c) above

200,000

Nil

e)

Date of the transaction

18 June 2020

f)

Place of the transaction

Outside a trading venue

 

Enquiries:

The City Pub Group

Clive Watson, Executive Chairman

Tarquin Williams, CFO

 

Tel: +44 20 7559 5106

Liberum (Nomad & Broker)

Chris Clarke / Edward Thomas / Clayton Bush

 

Tel: +44 20 3100 2222

Instinctif Partners

Matthew Smallwood / Jack Devoy

Tel: +44 20 7457 2020

 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
DSHFZGMVKRDGGZM

Quick facts: City Pub Group Plc

Price: 63

Market: AIM
Market Cap: £65.37 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE