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12 Apr 2021 07:00
VARIOUS EATERIES PLC
("Various Eateries" or "the Company"
and with its subsidiaries "the Group")
PDMR Trading Notification
The Company has received notice today that a company which is deemed to be controlled by Mr Osmond, but which also has other minority shareholders, has undertaken a number of transfers of shares in Various Eateries. The details are set out as follows
Transferring Party | Original Holding | Number of Shares Transferred | Price per Transferring Share | Total Shares remaining |
Rare Bird Hotels Limited | 9,523,809 | 1,164,381 | 73p | 8,359,428 |
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These transfers were intended and permitted pursuant to the terms of a series of Lock In Agreements signed by each of Hugh Osmond and Rare Bird Hotels Limited on 18 September 2020 and are to principally facilitate the settlement in specie of certain shareholder loan notes within the Rare Bird Hotels Limited group (further details of these arrangements are set out in the Company's Admission Document, which can be found on the Company's website www.variouseateries.co.uk. As a result of these transfers, certain individuals and companies, who have been supportive long term investors in the hotel businesses acquired by the Company, will now become shareholders in Various Eateries. The effective date of the transfer of shares is today.
Following these transfers, Hugh Osmond is deemed to be interested in 41,616,859 Ordinary Shares representing 46.76% of the total issued share capital of the Company of which 24,569,344 Ordinary Shares are held by Xercise 2 Limited, 8,359,428 Ordinary Shares are held by Rare Birds Hotel Limited, 3,174,603 Ordinary Shares are held by the Great House at Sonning Limited and 5,513,484 Ordinary Shares are held by Friends Provident International (FPI operates on an execution only basis on the sole instruction of Hugh Osmond).
Enquiries
Various Eateries plc |
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Yishay Malkov | Chief Executive Officer | Via Alma PR |
Andrew Bassadone | Executive Chairman |
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Hugh Osmond | Non-Executive Director |
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WH Ireland Limited | Sole Broker and Nominated Adviser | Tel: +44 (0) 20 7220 1666 |
Broking - Harry Ansell, Adam Pollock |
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Corporate Finance - Katy Mitchell, Lydia Zychowska |
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Alma PR | Financial PR | Tel: +44 (0) 20 3405 0205 |
Susie Hudson |
| variouseateries@almapr.co.uk |
David Ison |
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Molly Gretton |
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1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Rare Bird Hotels Limited |
2 | Reason for the notification | |
a) | Position/status | PCA of Hugh Osmond |
b) | Initial notification/ Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Various Eateries plc |
b) | LEI | 21300SWZ6W3RNE32B76 |
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 1p
GB000B9BZK23 |
b) | Nature of the transaction | Share Transfer |
c) | Price(s) and volume(s) | 1,164,381 ordinary shares at 73p |
d) | Aggregated information - Aggregated volume - Price |
1,164,381 ordinary shares 73p |
e) | Date of the transaction | 12 April 2021 |
f) | Place of the transaction | London Stock Exchange, AIM |
About Various Eateries
Various Eateries owns, develops and operates restaurant sites in the United Kingdom. The Group's stated mission is "great people delivering unique experiences through continuous innovation".
The Group is led by a highly experienced senior team including Andy Bassadone (Executive Chairman), Hugh Osmond (Founder), Yishay Malkov (CEO) and Oliver Williams (CFO). The Group operates two core brands across ten locations:
·Coppa Club, a multi-use, all-day concept that combines restaurant, terrace, café, lounge, bar and work spaces (and in some locations, hotels)
·Tavolino, a restaurant aiming to address a gap in the market for high quality Italian food at mid-market prices
For more information visit www.variouseateries.co.uk
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