Director/PDMR Shareholding

RNS Number : 0066K

City Pub Group PLC (The)

17 April 2020

 

17 April 2020

The City Pub Group plc

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

Director / PDMR Shareholding

The Company announces that certain Directors and persons discharging managerial responsibilities ("PDMRs") of the Company, and persons closely associated with them, participated in the recent Open Offer, the result of which was announced on 16 April 2020. The participation of each of these individuals is shown below.

Director / PDMR	Previous holding of ordinary shares in the Company	Previous % holding of issued share capital	Number of new ordinary shares in the Company taken up under the Open Offer	Resultant holding of ordinary shares in the Company	Resultant % holding of enlarged issued share capital
Clive Watson - Executive Chairman	2,737,345*	4.44%	530,811	3,268,156*	3.09%
Helen Watson - wife of Clive Watson	69,062	0.11%	18,126	87,188	0.08%
Rupert Clark - Managing Director	568,039	0.92%	40,000	608,039	0.58%
John Roberts - Non-Executive Director	347,648	0.56%	82,357	430,005	0.41%
Richard Prickett - Senior Independent Non-Executive Director	59,562	0.10%	14,567	74,129	0.07%
Neil Griffiths -  Independent Non-Executive Director	10,000	0.02%	33,804	43,804	0.04%
Chris Merriman  - Management Accountant	4,121	0.01%	1,425	5,546	0.01%

* 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

Related Party Transaction

Clive Watson, Helen Watson, Rupert Clark, John Roberts, Richard Prickett, and Neil Griffiths are considered to be related parties of the Company, and their participations in the Open Offer are therefore related party transactions under the AIM Rules for Companies.

Tarquin Williams and Alex Derrick, who are not participating in the Open Offer, and so are considered Independent Directors for the purposes of the Open Offer, consider, having consulted with Liberum Capital Limited, that the terms of the related party transaction are fair and reasonable insofar as Shareholders are concerned.

Enquiries:

City Pub Group     Tel: [phone]

Clive Watson, Executive Chairman

Tarquin Williams, CFO

Liberum (Nomad & Joint Broker)  Tel: [phone]

Chris Clarke / Edward Thomas / Clayton Bush

Berenberg (Joint Broker)  Tel: [phone]

Chris Bowman / Toby Flaux / Marie Moy

Instinctif Partners  Tel: [phone]

Matthew Smallwood

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.  Clive Watson 2.  Helen Watson 3.  Rupert Clark 4.  John Roberts 5.  Richard Prickett 6.  Neil Griffiths 7.  Chris Merriman
2	Reason for the notification
a)	Position/status	1.  Executive Chairman 2.  Wife of Clive Watson 3.  Managing Director 4.  Non-Executive Director 5.  Senior Independent Non-Executive Director 6.  Independent Non-Executive Director 7.  Management Accountant
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 Identification code	Ordinary Shares of The City Pub Group plc GB00BYWRS683
b)	Nature of the transaction	Purchase of Ordinary Shares in City Pub Group plc under the Open Offer
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.  £0.50 2.  £0.50 3.  £0.50 4.  £0.50 5.  £0.50 6.  £0.50 7.  £0.50 1.  530,811 2.  18,126 3.  40,000 4.  82,357 5.  14,567 6.  33,804 7.  1,425
d)	Aggregated information Aggregated volume Price	Price(s) Volume(s) 1.  £0.50 2.  £0.50 3.  £0.50 4.  £0.50 5.  £0.50 6.  £0.50 7.  £0.50 1.  530,811 2.  18,126 3.  40,000 4.  82,357 5.  14,657 6.  33,804 7.  1,425
e)	Date of the transaction	17/04/2020
f)	Place of the transaction	London Stock Exchange

 

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