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CPC City Pub Group Plc (the)

139.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
City Pub Group Plc (the) LSE:CPC London Ordinary Share GB00BYWRS683 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 139.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

City Pub Group PLC (The) Grant of Options and Director / PDMR Shareholdings (3967O)

10/06/2022 7:01am

UK Regulatory


City Pub (LSE:CPC)
Historical Stock Chart


From Apr 2022 to Apr 2024

Click Here for more City Pub Charts.

TIDMCPC

RNS Number : 3967O

City Pub Group PLC (The)

10 June 2022

10 June 2022

The City Pub Group plc

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

Grant of Options and Director / PDMR Shareholdings

The City Pub Group plc announces that on 10 June 2022 the Company granted awards (in the form of nominal cost options) over 1,000,000 ordinary shares of 1p each ("Ordinary Shares") to certain Directors and employees of the Company (the "Options").

The Options have been granted under the Company's Long Term Incentive Plan, are exercisable in 2025 following release of the Company's audited accounts for the year ended 31 December 2024, are subject to performance conditions relating to the Company's EBITDA profitability (pre-IFRS 16) and have a 10-year term.

The Company also announces that on 10 June 2022 it granted additional new options to Holly Elliott and Chris Merriman over 33,333 and 8,333 Ordinary Shares respectively under The Company's Share Option Plan (the "CSOPs"). The CSOPs have an exercise price of GBP0.90, will vest after 3 years and have a 10-year term.

Details of the Options and CSOPs granted to the PDMRs of the Company are set out in the table below together with further information required under the Market Abuse Regulation in respect of PDMR dealings at the end of this announcement.

 
 Name              Position                   Number of shares 
                                               subject to the Options 
                                               and CSOPs granted 
 Clive Watson      Executive Chairman         200,000 
                  -------------------------  ------------------------ 
 Holly Elliott     Chief Financial Officer    233,333 
                  -------------------------  ------------------------ 
 Toby Smith        Chief Operating Officer    200,000 
                  -------------------------  ------------------------ 
 Rupert Clark      Managing Director          200,000 
                  -------------------------  ------------------------ 
 Chris Merriman    Financial Controller       58,333 
                  -------------------------  ------------------------ 
 

Following the grant of the Options and CSOPs, there are options over a total of 9,001,666 Ordinary Shares in the Company, representing 8.5 per cent. of the Company's current issued share capital. In addition, there are 675,000 Ordinary Shares held in the Company's employee benefit trust ("EBT") that are subject to outstanding JSOP awards, as well as a further 1,250,000 unallocated Ordinary Shares in the EBT (together the "JSOP Shares") that would be available to satisfy any outstanding options under the LTIP or the Company's Company Share Option Plan. The aggregate 1,925,000 JSOP Shares do not have voting rights.

 
 1.    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                             Clive Watson 
      -----------------------------------------------  -------------------------------- 
 2.    Reason for the Notification 
      --------------------------------------------------------------------------------- 
 a)    Position/status                                  Executive Chairman 
      -----------------------------------------------  -------------------------------- 
 b)    Initial notification/ Amendment                  Initial notification 
      -----------------------------------------------  -------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)    Name                                             The City Pub Group plc 
      -----------------------------------------------  -------------------------------- 
 b)    LEI                                              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 the Financial                     Options over Ordinary Shares 
        instrument, type of instrument                   of 1p each 
       Identification code                              GB00BYWRS683 
      -----------------------------------------------  -------------------------------- 
 b)    Nature of the transaction                        Grant of options 
      -----------------------------------------------  -------------------------------- 
 c)    Price(s) and volume(s)                           Price           Volume 
      -----------------------------------------------  --------------  ---------------- 
   Nil                                                                  200,000 
  -------------------------------------------------------------------  ---------------- 
 d)    Aggregated information:                          Single transaction as in 
         *    Aggregated volume                          4c) above 
                                                         200,000 
                                                         Nil 
         *    Price 
      -----------------------------------------------  -------------------------------- 
 e)    Date of the transaction                          10 June 2022 
      -----------------------------------------------  -------------------------------- 
 f)    Place of the transaction                         Outside a trading venue 
      -----------------------------------------------  -------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                       Holly Elliott 
      -----------------------------------------  -------------------------------- 
 2.    Reason for the Notification 
      --------------------------------------------------------------------------- 
 a)    Position/status                            Chief Financial Officer 
      -----------------------------------------  -------------------------------- 
 b)    Initial notification/ Amendment            Initial notification 
      -----------------------------------------  -------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                                       The City Pub Group plc 
      -----------------------------------------  -------------------------------- 
 b)    LEI                                        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 the Financial               Options over Ordinary Shares 
        instrument, type of instrument             of 1p each 
       Identification code                        GB00BYWRS683 
      -----------------------------------------  -------------------------------- 
 b)    Nature of the transaction                  Grant of Options 
      -----------------------------------------  -------------------------------- 
 c)    Price(s) and volume(s)                     Price                Volume 
      -----------------------------------------  -------------------  ----------- 
   Nil                                                                 200,000 
  ------------------------------------------------------------------  ----------- 
   Exercise 
    price 
    of GBP0.90                                                         33,333 
  ------------------------------------------------------------------  ----------- 
 d)    Aggregated information: 
         *    Aggregated volume                     233,333 
                                                    n/a 
 
         *    Price 
      -----------------------------------------  -------------------------------- 
 e)    Date of the transaction                    10 June 2022 
      -----------------------------------------  -------------------------------- 
 f)    Place of the transaction                   Outside a trading venue 
      -----------------------------------------  -------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                             Toby Smith 
      -----------------------------------------------  -------------------------------- 
 2.    Reason for the Notification 
      --------------------------------------------------------------------------------- 
 a)    Position/status                                  Chief Operating Officer 
      -----------------------------------------------  -------------------------------- 
 b)    Initial notification/ Amendment                  Initial notification 
      -----------------------------------------------  -------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)    Name                                             The City Pub Group plc 
      -----------------------------------------------  -------------------------------- 
 b)    LEI                                              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 the Financial                     Options over Ordinary Shares 
        instrument, type of instrument                   of 1p each 
       Identification code                              GB00BYWRS683 
      -----------------------------------------------  -------------------------------- 
 b)    Nature of the transaction                        Grant of Options 
      -----------------------------------------------  -------------------------------- 
 c)    Price(s) and volume(s)                           Price           Volume 
      -----------------------------------------------  --------------  ---------------- 
   Nil                                                                  200,000 
  -------------------------------------------------------------------  ---------------- 
 d)    Aggregated information:                          Single transaction as in 
         *    Aggregated volume                          4c) above 
                                                         200,000 
                                                         Nil 
         *    Price 
      -----------------------------------------------  -------------------------------- 
 e)    Date of the transaction                          10 June 2022 
      -----------------------------------------------  -------------------------------- 
 f)    Place of the transaction                         Outside a trading venue 
      -----------------------------------------------  -------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                             Rupert Clark 
      -----------------------------------------------  ----------------------------------- 
 2.    Reason for the Notification 
      ------------------------------------------------------------------------------------ 
 a)    Position/status                                  Managing Director 
      -----------------------------------------------  ----------------------------------- 
 b)    Initial notification/ Amendment                  Initial notification 
      -----------------------------------------------  ----------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------ 
 a)    Name                                             The City Pub Group plc 
      -----------------------------------------------  ----------------------------------- 
 b)    LEI                                              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 the Financial                     Interests in ordinary shares 
        instrument, type of instrument                   of 1p each under the Company's 
                                                         Joint Share Ownership Plan 
       Identification code                              GB00BYWRS683 
      -----------------------------------------------  ----------------------------------- 
 b)    Nature of the transaction                        Grant of options 
      -----------------------------------------------  ----------------------------------- 
 c)    Price(s) and volume(s)                           Price            Volume 
      -----------------------------------------------  ---------------  ------------------ 
   Nil                                                                   200,000 
  --------------------------------------------------------------------  ------------------ 
 d)    Aggregated information:                          Single transaction as in 
         *    Aggregated volume                          4c) above 
                                                         200,000 
                                                         Nil 
         *    Price 
      -----------------------------------------------  ----------------------------------- 
 e)    Date of the transaction                          10 June 2022 
      -----------------------------------------------  ----------------------------------- 
 f)    Place of the transaction                         Outside a trading venue 
      -----------------------------------------------  ----------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                        Chris Merriman 
      ------------------------------------------  -------------------------------- 
 2.    Reason for the Notification 
      ---------------------------------------------------------------------------- 
 a)    Position/status                             Financial Controller 
      ------------------------------------------  -------------------------------- 
 b)    Initial notification/ Amendment             Initial notification 
      ------------------------------------------  -------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------- 
 a)    Name                                        The City Pub Group plc 
      ------------------------------------------  -------------------------------- 
 b)    LEI                                         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 the Financial                Options over Ordinary Shares 
        instrument, type of instrument              of 1p each 
       Identification code                         GB00BYWRS683 
      ------------------------------------------  -------------------------------- 
 b)    Nature of the transaction                   Grant of Options 
      ------------------------------------------  -------------------------------- 
 c)    Price(s) and volume(s)                      Price                  Volume 
      ------------------------------------------  ---------------------  --------- 
   Nil                                                                    50,000 
  ---------------------------------------------------------------------  --------- 
   Exercise 
    price 
    of GBP0.90                                                            8,333 
  ---------------------------------------------------------------------  --------- 
 d)    Aggregated information: 
         *    Aggregated volume                      58,333 
                                                     n/a 
 
         *    Price 
      ------------------------------------------  -------------------------------- 
 e)    Date of the transaction                     10 June 2022 
      ------------------------------------------  -------------------------------- 
 f)    Place of the transaction                    Outside a trading venue 
      ------------------------------------------  -------------------------------- 
 

Enquiries:

 
 The City Pub Group                                Tel: +44 20 7559 
  Clive Watson, Chairman                                       5106 
  Holly Elliott, CFO 
 Liberum (Nomad & Joint Broker)                    Tel: +44 20 3100 
  Chris Clarke / Edward Thomas / Kane Collings                 2000 
 Peel Hunt (Joint Broker)                          Tel: +44 20 3128 
  George Sellar / Andrew Clark                                 8789 
 Instinctif Partners                               Tel: +44 20 7457 
  Matthew Smallwood                                            2020 
 
 

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END

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