15 Jun 2023 07:00
15 June 2023
The City Pub Group plc
("The City Pub Group" or the "Company")
Exercise of Options, Issue of Equity and PDMR dealings
The City Pub Group plc announces that on 14 June 2023 certain Directors and employees of the Company exercised 1,750,000 options over ordinary shares of 1p each in the Company ("Ordinary Shares") under the Company's Long Term Incentive Plan (LTIP).
To satisfy these option exercises, 1,250,000 Ordinary Shares were satisfied by the allotment of Ordinary Shares previously held in The City Pub Group plc Joint Share Ownership Plan ("JSOP") and a further 500,000 Ordinary Shares have been issued by the Company as new shares (the "New Shares").
Application will be made for the New Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. It is expected that admission will become effective and that trading will commence on or around 16 June 2023 ("Admission").
In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that following Admission, it will have 106,293,430 Ordinary Shares in issue, of which 1,064,449 are held in treasury and 675,000 Ordinary Shares under the JSOP which have not vested. The total number of voting rights in the Company is 104,553,981 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Concurrent to the above exercise of options, certain Directors and PDMRs have sold shares solely to satisfy tax liabilities in relation to their respective option exercises, as set out below.
Director / PDMR | Options over Ordinary Shares exercised under the LTIP | Ordinary Shares sold to satisfy tax liabilities | Resultant total holding of Ordinary Shares in the Company | Resultant % of enlarged ISC |
Clive Watson | 1,000,000 | 472,363 | 4,200,793 | 3.95% |
Rupert Clark | 200,000 | 94,474 | 713,565 | 0.67% |
Christopher Merriman | 50,000 | 21,107 | 34,439 | 0.03% |
Enquiries:
The City Pub GroupClive Watson, ChairmanHolly Elliot, CFO | |
Instinctif PartnersMatthew Smallwood Justine Warren Guy Scarborough
| +44 (0)20 7457 2005 |
Liberum (Nomad & Joint Broker)Chris ClarkeEdward ThomasKane Collings | +44 (0)20 3100 2222 |
Peel Hunt (Joint Broker)George Sellar | +44 (0)20 3128 8789 |
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 | Options over Ordinary Shares of 1p each | |
Identification code | GB00BYWRS683 | ||
b) | Nature of the transaction | Exercise of options | |
c) | Price(s) and volume(s) | Price | Volume |
Nil | 1,000,000 | ||
d) | Aggregated information: ·Aggregated volume ·Price | Single transaction N/A N/A | |
e) | Date of the transaction | 14 June 2023 | |
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 | Options over Ordinary Shares of 1p each | |
Identification code | GB00BYWRS683 | ||
b) | Nature of the transaction | Exercise of options | |
c) | Price(s) and volume(s) | Price | Volume |
Nil | 200,000 | ||
d) | Aggregated information: ·Aggregated volume ·Price | Single transaction N/A N/A | |
e) | Date of the transaction | 14 June 2023 | |
f) | Place of the transaction | Outside a trading venue | |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Christopher Merriman | |
2. | Reason for the Notification | ||
a) | Position/status | Company Secretary | |
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 | Options over Ordinary Shares of 1p each | |
Identification code | GB00BYWRS683 | ||
b) | Nature of the transaction | Exercise of options | |
c) | Price(s) and volume(s) | Price | Volume |
Nil | 50,000 | ||
d) | Aggregated information: ·Aggregated volume ·Price | Single transaction N/A N/A | |
e) | Date of the transaction | 14 June 2023 | |
f) | Place of the transaction | Outside a trading venue | |
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 | Sale of shares | |
c) | Price(s) and volume(s) | Price | Volume |
95.0p | 472,363 | ||
d) | Aggregated information: ·Aggregated volume ·Price | Single transaction N/A N/A | |
e) | Date of the transaction | 14 June 2023 | |
f) | Place of the transaction | London Stock Exchange - AIM | |
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 | Sale of shares | |
c) | Price(s) and volume(s) | Price | Volume |
95.0p | 94,474 | ||
d) | Aggregated information: ·Aggregated volume ·Price | Single transaction N/A N/A | |
e) | Date of the transaction | 14 June 2023 | |
f) | Place of the transaction | London Stock Exchange - AIM | |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Christopher Merriman | |
2. | Reason for the Notification | ||
a) | Position/status | Company Secretary | |
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 | Sale of shares | |
c) | Price(s) and volume(s) | Price | Volume |
95.0p | 21,107 | ||
d) | Aggregated information: ·Aggregated volume ·Price | Single transaction N/A N/A | |
e) | Date of the transaction | 14 June 2023 | |
f) | Place of the transaction | London Stock Exchange - AIM | |