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: [phone]
Liberum (Nomad & Joint Broker) Chris Clarke / Edward Thomas / Clayton Bush	Tel: [phone]
Berenberg (Joint Broker) Chris Bowman / Toby Flaux / Marie Stolberg	Tel: [phone]
Instinctif Partners Matthew Smallwood / Sebastian Holland	Tel: [phone]

 

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