City Pub Group PLC (The) Board Changes (7344E)

TIDMCPC

RNS Number : 7344E

City Pub Group PLC (The)

10 November 2020

City Pub Group PLC

("City Pub Group" or the "Company")

Board Changes

The Board of City Pub Group is pleased to announce the appointment of Toby Smith to the Board as Chief Operating Officer of the Company, a newly created role, with effect from 10 November 2020.

Toby is a very experienced and senior operator with over 25 years' experience in UK hospitality. He has held CEO roles with Stonegate Pub Company, Novus Leisure and Town and City Pub Company. Prior to these, he also held senior roles at Laurel Pub Company, Spirit Group and Scottish and Newcastle Retail.

In light of the current trading conditions, Alex Derrick, Joint Managing Director, by mutual agreement, will step down from the Board and leave the Company on 10 November. The Board wishes to extend its thanks to Alex for the considerable part he has played in the Company's development from the outset and wishes him all the best for the future.

Clive Watson, Executive Chairman of City Pub Company, said:

"The challenges of COVID will also bring opportunity and we are seeking to position ourselves to take advantage of opportunities which undoubtedly will arise.

The pub estate has been locked down far more effectively than the first time. All retail staff and a large number of Head Office staff are now on furlough. We intend to run our existing estate in the most efficient manner and our infrastructure is scalable for the next part of the journey when the pandemic is behind us.

We welcome Toby to the business to accelerate the work that has been ongoing to achieve these goals. I and the Board look forward to working with him to build an even stronger, better business for the future."

10 November 2020

Enquiries:

 
 City Pub Group               Via Instinctif Partners 
 Clive Watson, Chairman 
 Tarquin Williams, 
  CFO 
 
 Instinctif Partners          [phone] 
 Matthew Smallwood 
 Jack Devoy 
 
 Liberum (NOMAD & Broker)     [phone] 
 Chris Clarke 
 Edward Thomas 
 Clayton Bush 
 

Regulatory disclosures:

The following disclosures in relation to the appointment of Toby Coultas Smith, aged 50, are required pursuant to Schedule 2(g) of the AIM Rules for Companies.

Previous directorships and partnerships (held in the past five years):

 
 A3D2 Limited 
 Balls Brothers (Emporium) Limited 
 CCL 001 Limited 
 CCL 002 Limited 
 Coffeesmiths (North) Limited 
 Filmore And Union Restaurants Limited 
 Hungerford House Limited 
 Langley Hotels Limited 
 Late Night London Limited 
 London Pavilion II Limited 
 Mabels Bar Limited 
 Novus Bars Limited 
 Novus Leisure Group Limited 
 Novus Leisure Limited 
 Roasted Rituals Coffee Ltd 
 Small Batch Coffee Company Limited 
 Survivor Group Holdings Limited 
 Tank Heddon Limited 
 Tiger Tiger Limited 
 Trinity Bars Services Limited 
 Trocadero Holdings Limited 
 Trocadero Leisure Limited 
 Trocadero London Limited 
 Trocadero Management Services Limited 
 Trocadero No. 2 Limited 
 
 

Toby Smith served as a Director of Coffeesmiths (North) Limited, Filmore and Union Restaurants Limited, CCL 001 Limited and CCL 002 Limited (the "Companies") until 28 February 2020. Coffeesmiths (North) Limited and Filmore and Union Restaurants Limited entered into a creditors voluntary liquidation ("CVL") on 24 July 2020. CCL 001 Limited entered into a CVL on 7 August 2020 and CCL 002 Limited entered into a CVL on 20 July 2020. The Companies have not yet been dissolved.

Toby served as Director of Survivor Group Limited until the company was dissolved on 15 December 2015. The company entered into administration on 21 May 2015. All creditors save for equity owners were repaid in full.

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November 10, 2020 02:00 ET (07:00 GMT)