City Pub Group PLC (The) EBT, Grant of Options and Total Voting Rights (8548C)

TIDMCPC

RNS Number : 8548C

City Pub Group PLC (The)

25 January 2018

25 January 2018

The City Pub Group plc

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

EBT, Grant of Options and Total Voting Rights

The City Pub Group announces that further to details included in the Company's AIM Admission Document it has established an Employee Benefit Trust ("EBT"), the trustee of which, Estera Trust (Jersey) Limited, has been issued with 1,925,000 ordinary shares of 50 pence per share ("Ordinary Shares") in the Company (the "JSOP Shares"), equivalent to approximately 3.4 per cent. of the Company's current issued share capital. The JSOP Shares will be held jointly by the EBT and certain directors and employees under the terms of the Company's Joint Share Ownership Plan. No price was paid by the directors and employees for their interest in the JSOP Shares. The exercise price of the JSOP Shares is GBP2.05 per Ordinary Share and they will vest after three years. There will be no voting rights attached to the JSOP Shares prior to vesting.

In addition, certain employees of the Company have been granted new options in relation to a total of 922,500 Ordinary Shares under The City Pub Group plc Company Share Option Plan (the "CSOPs"). The CSOPs have an exercise price of GBP1.70, will vest after three years and have a 10 year term.

Following the issue of the JSOP Shares and the grant of CSOPs, the Company has 3,890,000 outstanding options and JSOP Shares in total, representing approximately 6.9 per cent. of the existing issued share capital of the Company. Further options or share awards may be made at the discretion of the Company, up to an aggregate limit under existing authorities of 10 per cent. of the issued share capital of the Company immediately following the Company's admission to AIM, being a further 1,756,733 Ordinary Shares.

Application will be made for the JSOP Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. It is expected that admission will become effective and that trading in the JSOP Shares will commence on or around 30 January 2018 ("Admission").

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that following Admission it will have 58,392,333 Ordinary Shares in issue, none of which are held in treasury. The total number of voting rights in the Company is 56,467,333. The above figure of 56,467,333 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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 
----  ------------------------------------------------------------------------------------------------------------------------------------------------------------------ 
 a)    Name              Clive Watson              Rupert Clark             Alex Derrick            Tarquin Williams          Chris Merriman        Jessica Nantimba 
----  ----------------  ------------------------  -----------------------  -----------------------  ----------------------  ----------------------  -------------------- 
 2.    Reason for the Notification 
----  ------------------------------------------------------------------------------------------------------------------------------------------------------------------ 
 a)    Position/         Executive Chairman        Managing Director        Managing Director       Chief Financial           Management              Financial 
       status                                                                                       Officer                   Accountant               Controller 
----  ----------------  ------------------------  -----------------------  -----------------------  ----------------------  ----------------------  -------------------- 
 b)    Initial           Initial notification      Initial notification     Initial notification      Initial notification    Initial notification    Initial 
       notification/                                                                                                                                  notification 
       Amendment 
----  ----------------  ------------------------  -----------------------  -----------------------  ----------------------  ----------------------  -------------------- 
 3.    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------------------------------------------------------------------------------------------------------ 
 a)    Name              The City Pub Group plc    The City Pub Group plc   The City Pub Group plc    The City Pub Group      The City Pub Group      The City Pub Group 
                                                                                                      plc                     plc                     plc 
----  ----------------  ------------------------  -----------------------  -----------------------  ----------------------  ----------------------  -------------------- 
 b)    LEI                213800OHELCFJ6GLZC03      213800OHELCFJ6GLZC03     213800OHELCFJ6GLZC03    213800OHELCFJ6GLZC03    213800OHELCFJ6GLZC03   213800OHELCFJ6GLZC03 
----  ----------------  ------------------------  -----------------------  -----------------------  ----------------------  ----------------------  -------------------- 
 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    Ordinary Shares of 50p    Ordinary Shares of 50p   Ordinary Shares of 50p    Ordinary Shares of      Ordinary Shares of      Ordinary Shares of 
       the Financial     each                      each                     each                      50p each                50p each                50p each 
       instrument, 
       type of 
       instrument 
---- 
       Identification    GB00BYWRS683              GB00BYWRS683             GB00BYWRS683              GB00BYWRS683            GB00BYWRS683            GB00BYWRS683 
       code 
----  ----------------  ------------------------  -----------------------  -----------------------  ----------------------  ----------------------  -------------------- 
 b)    Nature of the     Award of JSOP Shares      Award of JSOP Shares     Award of JSOP Shares    Award of JSOP Shares    Award of JSOP Shares    Award of JSOP Shares 
       transaction 
----  ----------------  ------------------------  -----------------------  -----------------------  ----------------------  ----------------------  -------------------- 
 c)    Price(s) and      Price       Volume        Price      Volume        Price      Volume        Price       Volume      Price      Volume              Price         Volume 
       volume(s) 
----  ----------------  ----------  ------------  ---------  ------------  ---------  ------------  ---------  ----------- 
   N/A                               400,000       N/A        400,000       N/A        400,000       N/A         400,000      N/A       25,000               N/A          25,000 
  --------------------------------  ------------  ---------  ------------  ---------  ------------  ---------  -----------  -------  -------------  --------------------  ------ 
 d)    Aggregated        Single transaction as     Single transaction as    Single transaction as     Single transaction      Single transaction      Single transaction 
        information:      in 4c) above             in 4c) above             in 4c) above              as in 4c) above         as in 4c) above         as in 4c) above 
        Aggregated        400,000                  400,000                  400,000                   400,000                 25,000                  25,000 
        volume            N/A                      N/A                      N/A                       N/A                     N/A                     N/A 
        Price 
----  ----------------  ------------------------  -----------------------  -----------------------  ----------------------  ----------------------  -------------------- 
 e)    Date of the       25 January 2018           25 January 2018          25 January 2018           25 January 2018         25 January 2018         25 January 2018 
        transaction 
----  ----------------  ------------------------  -----------------------  -----------------------  ----------------------  ----------------------  -------------------- 
 f)    Place of the      London Stock Exchange,    London Stock Exchange,   London Stock Exchange,    London Stock            London Stock            London Stock 
        transaction       AIM Market (XLON)        AIM Market (XLON)        AIM Market (XLON)         Exchange, AIM Market    Exchange, AIM Market    Exchange, AIM 
                                                                                                      (XLON)                  (XLON)                  Market (XLON) 
----  ----------------  ------------------------  -----------------------  -----------------------  ----------------------  ----------------------  -------------------- 
 
 

Enquiries

 
 The City Pub Group                     via Instinctif Partners 
  Clive Watson, Executive Chairman 
  Tarquin Williams, CFO 
 Liberum (Nomad and Joint Broker)         Tel: [phone] 
  Chris Clarke / Jill Li / Clayton 
  Bush 
 Berenberg (Joint Broker)                 Tel: [phone] 
  Chris Bowman / Toby Flaux / Marie 
  Stolberg 
 Instinctif Partners                      Tel: [phone] 
  Matthew Smallwood / Guy Scarborough 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 25, 2018 02:00 ET (07:00 GMT)