Additional Listing (0504N)

TIDMCPUB

RNS Number : 0504N

Capital Pub Company PLC (The)

25 August 2011

The Capital Pub Company plc

("Capital Pub Company" or the "Company" or together with its subsidiaries, "the Group")

Exercise of options & exchange of shares, issue of new ordinary shares and Directors' holdings

Exercise of options and exchange of shares

Capital Pub Company announces that pursuant to the Company's existing Management Incentive Plan ("the Plan") options have been exercised over, in aggregate, 768,847 ordinary shares of 50p each in the Company ("Ordinary Shares"). In addition 500,000 Plan Shares (being ordinary shares in the capital of the Company's trading subsidiary, Capital Pub Company Trading Limited) previously held by the participants in the Plan have been exchanged by such participants for, in aggregate, 1,233,379 Ordinary Shares.

The exercise of these options and the exchange of the Plan Shares which were effective on 19 August 2011 has been satisfied through the issue of 2,002,226 new Ordinary Shares.

These shares have been issued in accordance with the terms of the Plan and the Company's existing allotment authorities and with the consent of Greene King plc.

Of the 2,002,226 new Ordinary Shares allotted, the Directors of the Company exercised options at a strike price of 50p and were issued with new Ordinary Shares in exchange for their Plan Shares as follows:

 
                 Options to acquire         Ordinary 
                    Ordinary Shares    Shares issued 
                       exercised at      in exchange 
                     a strike price         for Plan 
 Director                    of 50p           Shares     Total 
--------------  -------------------  ---------------  -------- 
 David Bruce                415,367          530,687   946,054 
--------------  -------------------  ---------------  -------- 
 Nicholas 
  Collins                         5           52,548    52,553 
--------------  -------------------  ---------------  -------- 
 Alexander 
  Derrick                         6           64,356    64,362 
--------------  -------------------  ---------------  -------- 
 Clive Watson               353,463          530,687   884,150 
--------------  -------------------  ---------------  -------- 
 

Issue of new Ordinary Shares

Application has been made for the 2,002,226 new Ordinary Shares to be admitted to trading on AIM and dealings in the new Ordinary Shares are expected to become effective on 30 August 2011 ("Admission"). The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares. All of the new Ordinary Shares which have been issued to the Directors are subject to the terms of the irrevocable undertakings that such Directors have granted to Greene King plc in relation to Greene King plc's offer to acquire the entire issued share capital of the Company, which was declared unconditional as to acceptances on 22 August 2011.

Following Admission, the total issued share capital of the Company will be 28,970,175 Ordinary Shares, all of which have voting rights.

The above figure 28,970,175 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

Holdings of the Directors who participated in the Plan

As a result of the above transactions the Directors' holdings in the Company are as follows:

 
                      Number of   % of total issued 
 Director                shares       share capital 
-------------------  ----------  ------------------ 
 David Bruce          1,116,978                3.9% 
-------------------  ----------  ------------------ 
 Nicholas Collins       315,291                1.1% 
-------------------  ----------  ------------------ 
 Alexander Derrick       92,100                0.3% 
-------------------  ----------  ------------------ 
 Clive Watson         2,919,030               10.1% 
-------------------  ----------  ------------------ 
 

25 August 2011

Enquiries:

 
 Capital Pub Company              Tel: [phone] 
 Clive Watson, Chief Executive 
 Nick Collins, Finance Director 
 
 Panmure Gordon                   Tel: [phone] 
 Adam Pollock 
 Andrew Godber 
 
 College Hill                     Tel: [phone] 
 Justine Warren 
  Matthew Smallwood 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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