31 Jul 2017 11:35
The Fulham Shore plc
("Fulham Shore" or "the Company")
Grant of options
The Fulham Shore plc (AIM: FUL) announces that on 28 July 2017 the Company granted 2,950,000 options over ordinary shares in the Company ("Ordinary Shares") to employees pursuant to The Fulham Shore Company Share Option Plan ("CSOP") and the Unapproved Share Option Scheme (together, the "Options"). The Options have an exercise price of 17.625 pence per Ordinary Share (being the closing mid-market price on the last business day, Friday 28 July 2017). The following Options have been granted to persons discharging managerial responsibilities ("PDMRs") under the Unapproved Share Option Scheme:
Name of PDMR | Role | No. of Options granted | Total options over Ordinary Shares now held |
Jawaid Akhtar | Franco Manca Operations Director | 200,000 | 1,200,000 |
Oliver Wylie | Franco Manca Finance Director | 100,000 | 600,000 |
Christos Karatzenis | The Real Greek Operations Manager | 300,000 | 900,000 |
The above Unapproved Options granted are exercisable from the third anniversary of grant until the seventh anniversary of grant. There are no additional performance conditions attaching to the Options.
The following Options have been granted to PDMRs under the CSOP:
Name of PDMR | Role | No. of Options granted | Total options over Ordinary Shares now held |
Tom Byng | Franco Manca Property Director | 100,000 | 600,000 |
The above CSOP options granted are exercisable from the third anniversary of grant until the day before the tenth anniversary of grant. There are no additional performance conditions attaching to the Options.
Following the grant of the Options, the Company has a total of 63,282,820 options over new Ordinary Shares outstanding under share option schemes, equivalent to 11.08% of the existing issued share capital of the Company.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities / person closely associated
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a) | Name | Jawaid Akhtar | ||||
2 | Reason for the notification | |||||
a) | Position/status | Franco Manca Operations Director (PDMR)
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b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) | Name | The Fulham Shore plc
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b) | LEI | n/a
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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 | Options over ordinary shares of 1p each in The Fulham Shore plc
Identification code (ISIN) for The Fulham Shore plc ordinary shares: GB00B9F8VG44
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b) | Nature of the transaction | Grant of options
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
n/a
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e) | Date of the transaction | 28 July 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
a) | Name | Oliver Wylie | ||||
2 | Reason for the notification | |||||
a) | Position/status | Franco Manca Finance Director (PDMR)
| ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name | The Fulham Shore plc
| ||||
b) | LEI | n/a
| ||||
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 | Options over ordinary shares of 1p each in The Fulham Shore plc
Identification code (ISIN) for The Fulham Shore plc ordinary shares: GB00B9F8VG44
| ||||
b) | Nature of the transaction | Grant of options
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
n/a
| ||||
e) | Date of the transaction | 28 July 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
a) | Name | Christos Karatzenis | ||||
2 | Reason for the notification | |||||
a) | Position/status | The Real Greek Operations Manager (PDMR)
| ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name | The Fulham Shore plc
| ||||
b) | LEI | n/a
| ||||
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 | Options over ordinary shares of 1p each in The Fulham Shore plc
Identification code (ISIN) for The Fulham Shore plc ordinary shares: GB00B9F8VG44
| ||||
b) | Nature of the transaction | Grant of options
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
n/a
| ||||
e) | Date of the transaction | 28 July 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
a) | Name | Tom Byng | ||||
2 | Reason for the notification | |||||
a) | Position/status | Franco Manca Property Director (PDMR)
| ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name | The Fulham Shore plc
| ||||
b) | LEI | n/a
| ||||
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 | Options over ordinary shares of 1p each in The Fulham Shore plc
Identification code (ISIN) for The Fulham Shore plc ordinary shares: GB00B9F8VG44
| ||||
b) | Nature of the transaction | Grant of options
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
n/a
| ||||
e) | Date of the transaction | 28 July 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
- Ends -
For further information, please contact:
The Fulham Shore plc | www.fulhamshore.com |
David Page
| Tel: 07836 346 934 |
Allenby Capital Limited Nick Naylor / Jeremy Porter / James Reeve |
Tel: 0203 328 5656
|
Hudson Sandler - Financial PR Alex Brennan / Lucy Wollam | fulhamshore@hudsonsandler.com Telephone: 020 7796 4133 |
Notes for editors
Information on The Fulham Shore plc
Fulham Shore was incorporated in March 2012. The Directors believed that there were attractive investment opportunities within the restaurant sector in the UK and that, given their collective experience in the restaurant sector, they could take advantage of the opportunities which existed.
The ordinary shares of the Company were admitted to trading on AIM in October 2014 in order to capitalise on such opportunities and to give the company employees, customers and public the ability to share in the enterprise.
Today, Fulham Shore owns and operates "The Real Greek" (www.therealgreek.com) and "Franco Manca" (www.francomanca.co.uk) restaurants, as well as operating a Bukowski Grill restaurant in Soho.
The Real Greek
Since its foundation in London in 1999, The Real Greek group has grown steadily, now offering modern Greek cuisine in 14 restaurants across London and Southern England.
The company is an ambassador of Greek food and Greek hospitality in the UK. The Real Greek food centres on the delicious, healthy diet of the Eastern Mediterranean, staying true to the Greek ethos of food, family and friends. Dishes are created using premium ingredients sourced from Greece and Cyprus whenever possible, and developed by Tonia Buxton, the face of Greek food in the UK.
The Real Greek's menu and atmosphere retain the spirit of eating in Greece, encouraging diners to take their time eating amongst friends and family, be it a relaxed dinner, family get-together, or a fully catered party.
Franco Manca
Franco Manca opened its first restaurant in 2008 and now has 38 restaurants, primarily in London, but with recent openings in Southampton, Bournemouth and Reading. Other locations outside London are in the opening pipeline for the next 12 months.
Franco Manca's pizza is made from slow-rising sourdough and is baked in an oven that produces heat of about 500°c (930°F). The slow levitation and blast cooking process lock in the flour's natural aroma and moisture, giving a soft and easily digestible crust. Where possible, locally sourced and organic ingredients are used. Pizza prices start from £4.95.
Winner of the CGA Peach Hero and Icon Awards Best Concept award 2016
"If you only eat one pizza this year, make sure it's at Franco Manca" - Tatler (2011)
"Franco Manca is quite possibly the best pizza restaurant to ever exist in London." - Metro (2016)
Bukowski
Bukowski is a London-based charcoal-grill restaurant and bar, serving breakfasts, burgers and grills. Bukowski has four restaurants in London, one of which Fulham Shore operates in Soho under a franchise agreement.