Issue of Options

RNS Number : 8253G

Various Eateries PLC

17 November 2022

 

VARIOUS EATERIES PLC

("Various Eateries" or "the Company"

and with its subsidiaries "the Group")

Issue of Options

Various Eateries announces that it has issued options over 250,000 Ordinary Shares to Lyndsay Anderson, the newly appointed Marketing Director of the Company (a non-board position) and a PDMR of the Company (the "New Options"). The New Options have been issued as part of her remuneration package with the Company.

86,956 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 34.5p and vest in three equal tranches over three years with the first vesting date being the first anniversary of the date of grant; they remain, however, conditional on the continued employment of the recipient at the date of vesting. Lynsey Anderson holds no other options over ordinary shares in the Company.

For further information please contact:

Various Eateries plc
Andy Bassadone	Executive Chairman			Via Alma PR
Yishay Malkov	Chief Executive Officer
James Darwent	Interim Chief Financial Officer
WH Ireland Limited	Broker and Nominated Adviser			Tel: [phone]
Broking Harry Ansell
Nominated Adviser Katy Mitchell / Megan Liddell
Alma PR	Financial PR			Tel: [phone]
David Ison Lily Soares Smith Pippa Crabtree				[e-mail]

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

1	Details of the person discharging managerial responsibilities
a)	Name	Lyndsay Anderson
2	Reason for the notification
a)	Position/status	Marketing Director
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 Identification code	Ordinary shares of 1 pence each GB000B9BZK23
b)	Nature of the transaction	Issue of Share Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 34.5p 250,000
d)	Aggregated information -  Aggregated volume  -  Price	250,000 34.5p
e)	Date of the transaction	17/11/2022
f)	Place of the transaction	Outside a trading venue

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

 

END

 

 

IOEBRBDBBBBDGDR