28 Apr 2017 07:00
28 April 2017
The Fulham Shore plc
("Fulham Shore" or "the Company")
PDMR shareholding
The Fulham Shore plc (AIM: FUL) has been informed that Mrs Karen Akhtar on 27 April 2017 sold 480,000 ordinary shares in the Company ("Ordinary Shares"), of which 250,000 Ordinary Shares were sold at a price of 21.5p per share and 230,000 Ordinary Shares were sold at 21.0p per share (the "Sale"). Mrs Akhtar is the wife of Jawaid Akhtar, the Operations Director of Franco Manca, and is therefore deemed to be a person closely associated with a PDMR.
Following the Sale, Karen Akhtar, Jawaid Akhtar and persons closely associated are beneficially interested in 17,155,836 Ordinary Shares, equivalent to 3.00 per cent. of the Company's issued share capital. Mr Akhtar also holds 1,000,000 options over Ordinary Shares.
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 | Karen Akhtar
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2 | Reason for the notification | |||||||
a) | Position/status | Person closely associated with Jawaid Akhtar, the Operations Director of Franco Manca (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
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a)
| Description of the financial instrument, type of instrument Identification code | 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 | Sale of shares
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
480,000 Ordinary Shares 21.26p
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e) | Date of the transaction | 27 April 2017
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f) | Place of the transaction | London Stock Exchange, AIM (XLON)
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The information set out in this announcement is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
- 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
|
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 currently operates "The Real Greek" (/www.therealgreek.com) and "Franco Manca" (www.francomanca.co.uk) restaurants, as well as 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 12 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.
Both 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 34 restaurants, primarily in London, but with recent openings in Brighton, Southampton and Guildford. Other locations outside London are in the opening pipeline for 2017/2018.
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.