17 Apr 2020 09:00
17 April 2020
The City Pub Group plc
("The City Pub Group" or the "Company")
Director / PDMR Shareholding
The Company announces that certain Directors and persons discharging managerial responsibilities ("PDMRs") of the Company, and persons closely associated with them, participated in the recent Open Offer, the result of which was announced on 16 April 2020. The participation of each of these individuals is shown below.
Director / PDMR | Previous holding of ordinary shares in the Company | Previous % holding of issued share capital | Number of new ordinary shares in the Company taken up under the Open Offer | Resultant holding of ordinary shares in the Company | Resultant % holding of enlarged issued share capital |
Clive Watson - Executive Chairman | 2,737,345* | 4.44% | 530,811 | 3,268,156* | 3.09% |
Helen Watson - wife of Clive Watson | 69,062 | 0.11% | 18,126 | 87,188 | 0.08% |
Rupert Clark - Managing Director | 568,039 | 0.92% | 40,000 | 608,039 | 0.58% |
John Roberts - Non-Executive Director | 347,648 | 0.56% | 82,357 | 430,005 | 0.41% |
Richard Prickett - Senior Independent Non-Executive Director | 59,562 | 0.10% | 14,567 | 74,129 | 0.07% |
Neil Griffiths - Independent Non-Executive Director | 10,000 | 0.02% | 33,804 | 43,804 | 0.04% |
Chris Merriman - Management Accountant | 4,121 | 0.01% | 1,425 | 5,546 | 0.01% |
* Includes 273,593 Ordinary Shares held in the name of Clive Watson and DCD Trustees Ltd as Trustees of The Bar and Kitchen Pension Scheme
Related Party Transaction
Clive Watson, Helen Watson, Rupert Clark, John Roberts, Richard Prickett, and Neil Griffiths are considered to be related parties of the Company, and their participations in the Open Offer are therefore related party transactions under the AIM Rules for Companies.
Tarquin Williams and Alex Derrick, who are not participating in the Open Offer, and so are considered Independent Directors for the purposes of the Open Offer, consider, having consulted with Liberum Capital Limited, that the terms of the related party transaction are fair and reasonable insofar as Shareholders are concerned.
Enquiries:
City Pub Group Tel: +44 20 7559 5106
Clive Watson, Executive Chairman
Tarquin Williams, CFO
Liberum (Nomad & Joint Broker) Tel: +44 20 3100 2222
Chris Clarke / Edward Thomas / Clayton Bush
Berenberg (Joint Broker) Tel: +44 20 3207 7800
Chris Bowman / Toby Flaux / Marie Moy
Instinctif Partners Tel: +44 (0)7831379122
Matthew Smallwood
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| 1. Clive Watson 2. Helen Watson 3. Rupert Clark 4. John Roberts 5. Richard Prickett 6. Neil Griffiths 7. Chris Merriman | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| 1. Executive Chairman 2. Wife of Clive Watson 3. Managing Director 4. Non-Executive Director 5. Senior Independent Non-Executive Director 6. Independent Non-Executive Director 7. Management Accountant | ||||
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
Identification code
|
Ordinary Shares of The City Pub Group plc
GB00BYWRS683 | ||||
b) | Nature of the transaction
| Purchase of Ordinary Shares in City Pub Group plc under the Open Offer | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
Aggregated volume
Price
|
| ||||
e) | Date of the transaction
| 17/04/2020 | ||||
f) | Place of the transaction
| London Stock Exchange | ||||