Grant of Options

RNS Number : 4228Q

City Pub Group PLC (The)

19 June 2020

 

19 June 2020

The City Pub Group plc

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

Grant of Options

The City Pub Group plc announces that on 18 June 2020 the Company granted 2,100,000 nil cost options over 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 2023 following release of the Company's audited accounts for the year ended 25 December 2022, and are subject to performance conditions relating to the Company's profitability.

Following the grant of the Options, there are options over a total of 3,387,500 Ordinary Shares in the Company, representing 3.2 per cent. of the Company's current issued share capital (excluding 1,925,000 JSOP shares).

Details of the Options granted to the directors of the Company are set out below together with the information required under the Market Abuse Regulation in respect of PDMR dealings.

Name	Position	Number of Options granted
Clive Watson	Executive Chairman	1,000,000
Tarquin Williams	Chief Financial Officer	400,000
Rupert Clark	Managing Director	200,000
Alex Derrick	Managing Director	200,000

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 1p each
	Identification code	GB00BYWRS683
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price	Volume
		Nil	1,000,000
d)	Aggregated information: · Aggregated volume · Price	Single transaction as in 4c) above 1,000,000 Nil
e)	Date of the transaction	18 June 2020
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tarquin Williams
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 instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	GB00BYWRS683
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price	Volume
		Nil	400,000
d)	Aggregated information: · Aggregated volume · Price	Single transaction as in 4c) above 400,000 Nil
e)	Date of the transaction	18 June 2020
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 instrument, type of instrument	Ordinary Shares 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: · Aggregated volume · Price	Single transaction as in 4c) above 200,000 Nil
e)	Date of the transaction	18 June 2020
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alex Derrick
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 instrument, type of instrument	Ordinary Shares 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: · Aggregated volume · Price	Single transaction as in 4c) above 200,000 Nil
e)	Date of the transaction	18 June 2020
f)	Place of the transaction	Outside a trading venue

Enquiries:

The City Pub Group Clive Watson, Executive Chairman Tarquin Williams, CFO	Tel: [phone]
Liberum (Nomad & Broker) Chris Clarke / Edward Thomas / Clayton Bush	Tel: [phone]
Instinctif Partners Matthew Smallwood / Jack Devoy	Tel: [phone]

 

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