16 Feb 2021 07:00
16 February 2021
The City Pub Group plc
("The City Pub Group" or the "Company")
Grant of Options
The City Pub Group plc announces that on 15 February 2021 the Company granted an award (in the form of nominal cost options) over 1,000,000 ordinary shares of 1p each ("Ordinary Shares") to Toby Smith, who joined the Company as Chief Operating Officer on 10 November 2020 (the "Options").
The Options have been granted under the Company's Long Term Incentive Plan, are exercisable in 2024 following release of the Company's audited accounts for the year ended 31 December 2023, are subject to performance conditions relating to the Company's EBITDA profitability (pre-IFRS 16) and have a 10 year term.
The Company also announces that on 15 February 2021 it granted additional new options to Toby Smith over 25,000 Ordinary Shares under The Company's Share Option Plan (the "CSOPs"). The CSOPs have an exercise price of £1.20, will vest after 3 years and have a 10 year term.
The information set out below is provided in accordance with the requirements of Article 19 of the Market Abuse Regulation
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Toby Smith | |
2. | Reason for the Notification | ||
a) | Position/status | Chief Operating 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 | Options over 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 | ||
Exercise price of £1.20 | 25,000 | ||
d) | Aggregated information: ·Aggregated volume ·Price |
1,025,000 n/a | |
e) | Date of the transaction | 15 February 2021 | |
f) | Place of the transaction | Outside a trading venue | |
Enquiries:
The City Pub Group Clive Watson, Chairman Tarquin Williams, CFO
| Tel: +44 20 7559 5106 |
Liberum (Nomad & Broker) Chris Clarke / Edward Thomas / Clayton Bush
| Tel: +44 20 3100 2000 |
Instinctif Partners Matthew Smallwood / Jack Devoy | Tel: +44 20 7457 2020 |