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City Pub Group (The) - Exercise of Options and PDMR / PCA Dealings

RNS Number : 4032C
City Pub Group PLC (The)
10 February 2020
 

10 February 2020

The City Pub Group plc

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

Exercise of Options and PDMR / PCA Dealings

The Company announces that on 7 February 2020, Alex Derrick, Managing Director and Executive Director of the Company, exercised 30,000 options under the Company Share Option Plan (the "CSOP") at an exercise price of 100 pence per ordinary share of 50 pence each in the Company ("Ordinary Shares"), electing for 15,000 Ordinary Shares to be allotted to each of himself and his wife, Isabella Derrick (in aggregate, the "Shares"). Subsequently, on 7 February 2020, Alex Derrick and Isabella Derrick sold the Shares to Clive Watson, Executive Chairman of the Company, at a price of £1.90 per Ordinary Share, representing the closing mid-market price on 7 February 2020.

Following the above transactions, Clive Watson holds 2,737,345* ordinary shares in the Company, representing 4.44% of the Company's issued share capital, and Alex Derrick holds 431,786 ordinary shares in the Company, representing 0.70% of the Company's issued share capital.

* Includes 273,593 Ordinary Shares held in the name of Clive Watson and DCD Trustees Ltd as Trustees of The Bar and Kitchen Pension Scheme

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alex Derrick

2.

Reason for the Notification

a)

Position/status

Executive 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 instrument, type of instrument

Ordinary Shares of 50p each

Identification code

GB00BYWRS683

b)

Nature of the transaction

Exercise of options under the CSOP

c)

Price(s) and volume(s)

Price

Volume

£1.00

30,000

d)

Aggregated information:

·Aggregated volume

·Price

Single transaction as in 4c) above

30,000

£1.00

e)

Date of the transaction

7 February 2020

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alex Derrick + Isabella Derrick

2.

Reason for the Notification

a)

Position/status

Executive Director + Spouse

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 instrument, type of instrument

Ordinary Shares of 50p each

Identification code

GB00BYWRS683

b)

Nature of the transaction

Transfer of shares from Executive Director to Spouse following exercise of options

c)

Price(s) and volume(s)

Price

Volume

Nil consideration

15,000

d)

Aggregated information:

·Aggregated volume

·Price

Single transaction as in 4c) above

15,000

n/a

e)

Date of the transaction

7 February 2020

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alex Derrick + Isabella Derrick

2.

Reason for the Notification

a)

Position/status

Executive Director + Spouse

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 instrument, type of instrument

Ordinary Shares of 50p each

Identification code

GB00BYWRS683

b)

Nature of the transaction

Sale of Ordinary Shares

c)

Price(s) and volume(s)

Price

Volume

Alex Derrick

£1.90

Isabella Derrick

£1.90

 

15,000

 

15,000

d)

Aggregated information:

·Aggregated volume

·Price

 

30,000

£1.90

e)

Date of the transaction

7 February 2020

f)

Place of the transaction

Off market

 

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 instrument, type of instrument

Ordinary Shares of 50p each

Identification code

GB00BYWRS683

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price

Volume

£1.90

30,000

d)

Aggregated information:

·Aggregated volume

·Price

Single transaction as in 4c) above

30,000

£1.90

e)

Date of the transaction

7 February 2020

f)

Place of the transaction

Off market

 

Enquiries:

The City Pub Group

Clive Watson, Executive Chairman

Tarquin Williams, CFO

 

Tel: +44 20 7559 5106

Liberum (Nomad & Joint Broker)

Chris Clarke / Edward Thomas / Clayton Bush

 

Tel: +44 20 3100 2222

Berenberg (Joint Broker)

Chris Bowman / Toby Flaux / Marie Stolberg

 

 Tel: +44 20 3207 7800

Instinctif Partners

Matthew Smallwood / Sebastian Holland

Tel: +44 20 7457 2020

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Market Cap: £80.93 m
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