Exercise of Options, Issue of Equity and PDMR

City Pub Group PLC (The)

15 June 2023

 

15 June 2023

The City Pub Group plc

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

Exercise of Options, Issue of Equity and PDMR dealings

The City Pub Group plc announces that on 14 June 2023 certain Directors and employees of the Company exercised 1,750,000 options over ordinary shares of 1p each in the Company ("Ordinary Shares") under the Company's Long Term Incentive Plan (LTIP).

To satisfy these option exercises, 1,250,000 Ordinary Shares were satisfied by the allotment of Ordinary Shares previously held in The City Pub Group plc Joint Share Ownership Plan ("JSOP") and a further 500,000 Ordinary Shares have been issued by the Company as new shares (the "New Shares").

Application will be made for the New Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. It is expected that admission will become effective and that trading will commence on or around 16 June 2023 ("Admission").

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that following Admission, it will have 106,293,430 Ordinary Shares in issue, of which 1,064,449 are held in treasury and 675,000 Ordinary Shares under the JSOP which have not vested. The total number of voting rights in the Company is 104,553,981 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Concurrent to the above exercise of options, certain Directors and PDMRs have sold shares solely to satisfy tax liabilities in relation to their respective option exercises, as set out below.

Director / PDMR	Options over Ordinary Shares exercised under the LTIP	Ordinary Shares sold to satisfy tax liabilities	Resultant total holding of Ordinary Shares in the Company	Resultant % of enlarged ISC
Clive Watson	1,000,000	472,363	4,200,793	3.95%
Rupert Clark	200,000	94,474	713,565	0.67%
Christopher Merriman	50,000	21,107	34,439	0.03%

Enquiries:

The City Pub Group Clive Watson, Chairman Holly Elliot, CFO
Instinctif Partners Matthew Smallwood Justine Warren Guy Scarborough	[phone]
Liberum (Nomad & Joint Broker) Chris Clarke Edward Thomas Kane Collings	[phone]
Peel Hunt (Joint Broker) George Sellar	[phone]

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	Options over Ordinary Shares of 1p each
	Identification code	GB00BYWRS683
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price	Volume
		Nil	1,000,000
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction N/A N/A
e)	Date of the transaction	14 June 2023
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	Options over Ordinary Shares of 1p each
	Identification code	GB00BYWRS683
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price	Volume
		Nil	200,000
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction N/A N/A
e)	Date of the transaction	14 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christopher Merriman
2.	Reason for the Notification
a)	Position/status	Company Secretary
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	Options over Ordinary Shares of 1p each
	Identification code	GB00BYWRS683
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price	Volume
		Nil	50,000
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction N/A N/A
e)	Date of the transaction	14 June 2023
f)	Place of the transaction	Outside a trading venue

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	Sale of shares
c)	Price(s) and volume(s)	Price	Volume
		95.0p	472,363
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction N/A N/A
e)	Date of the transaction	14 June 2023
f)	Place of the transaction	London Stock Exchange - AIM

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	Sale of shares
c)	Price(s) and volume(s)	Price	Volume
		95.0p	94,474
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction N/A N/A
e)	Date of the transaction	14 June 2023
f)	Place of the transaction	London Stock Exchange - AIM

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christopher Merriman
2.	Reason for the Notification
a)	Position/status	Company Secretary
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	Sale of shares
c)	Price(s) and volume(s)	Price	Volume
		95.0p	21,107
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction N/A N/A
e)	Date of the transaction	14 June 2023
f)	Place of the transaction	London Stock Exchange - AIM

 

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