Various Eateries PLC Issue of Options (4672V)

TIDMVARE

RNS Number : 4672V

Various Eateries PLC

05 April 2023

5 April 2023

VARIOUS EATERIES PLC

("Various Eateries" or "the Company"

and with its subsidiaries "the Group")

Issue of Options

Further to its announcement dated 9 February 2023, Various Eateries confirms that it has issued options over 642,857 Ordinary Shares in the Company to Sharon Badelek, the newly appointed CFO and an Executive Director of the Company (the "New Options"). The New Options have been issued as part of Sharon's standard remuneration package with the Company.

107,142 of the New Options are granted under the rules of the Company's CSOP Share Scheme (with the balance being issued as unapproved options); all the New Options have an exercise price of 28p and vest in three equal tranches over three years with the rst vesting date being the rst anniversary of the date of grant; they remain, however, conditional on the continued employment of the recipient at the date of exercise.

Sharon Badelek holds no other options over ordinary shares in the Company.

Enquiries

 
Various Eateries plc                            Via Alma PR 
Andy Bassadone        Executive Chairman 
Yishay Malkov         Chief Executive Officer 
Sharon Badelek        Chief Financial Officer 
 
WH Ireland Limited    Sole Broker and NOMAD    Tel: [phone] 
Broking 
 Harry Ansell 
Nominated Adviser 
 Katy Mitchell 
Megan Liddell 
 
Alma PR               Financial PR             Tel: [phone] 
David Ison                                     [e-mail] 
Pippa Crabtree 
 

The notifications set out below are provided in accordance with the requirements of the Market Abuse Regulations.

 
 1     Details of the person discharging managerial responsibilities 
----  ------------------------------------------------------------------------------------------------- 
 a)    Name                                                           Sharon Badelek 
----  -------------------------------------------------------------  ---------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------------------------------------- 
 a)    Position/status                                                Executive Director/CFO 
----  -------------------------------------------------------------  ---------------------------------- 
 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    Ordinary shares of 1 pence each 
        Identification code 
                                                                       GB000B9BZK23 
----  -------------------------------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                                                 Issue of Share Options 
----  -------------------------------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                                          Price(s)   Volume(s) 
                                                                       ---------  ---------- 
                                                                        28p          642,857 
----  -------------------------------------------------------------  ---------------------------------- 
 d)    Aggregated information 
   - Aggregated volume                                                                          642,857 
    - Price                                                                                         28p 
 ------------------------------------------------------------------  ---------------------------------- 
 e)    Date of the transaction                                        4 April 2023 
----  -------------------------------------------------------------  ---------------------------------- 
 f)    Place of the transaction                                       London Stock Exchange (XLON) 
----  -------------------------------------------------------------  ---------------------------------- 
 

About Various Eateries

Various Eateries owns, develops and operates restaurant, clubhouse and hotel 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 Matt Fanthorpe (Chef Director, a non-board position).

The Group operates three core brands across 15 locations:

 
               --  Coppa Club, a multi-use, all day concept that combines restaurant, terrace, café, lounge, 
                    bar and work spaces 
               --  Tavolino, a restaurant aiming to address a gap in the market for high-quality Italian food 
                    at mid-market prices 
               --  Noci, a modern, neighbourhood pasta-only concept which serves very high-quality dishes at 
                    reasonable prices 
 

For more information visit www.variouseateries.co.uk

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April 05, 2023 04:36 ET (08:36 GMT)