Grant of Options and Director / PDMR Shareholdings

City Pub Group PLC (The)

21 June 2023

 

21 June 2023

The City Pub Group plc

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

Grant of Options and Director / PDMR Shareholdings

The City Pub Group plc announces that on 21 June 2023 the Company granted awards (in the form of nil cost options) over 1,585,000 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 (LTIP), are exercisable in 2026 following release of the Company's audited accounts for the year ended 31 December 2025, are subject to performance conditions relating to the Company's EBITDA profitability (pre-IFRS 16) and have a 10-year term.

Details of the Options granted to the PDMRs of the Company are set out in the table below together with further information required under the Market Abuse Regulation in respect of PDMR dealings at the end of this announcement.

Name	Position	Number of shares subject to the Options granted
Clive Watson	Executive Chairman	200,000
Holly Elliott	Chief Financial Officer	200,000
Rupert Clark	Chief Operating Officer	250,000
Chris Merriman	Financial Controller & Company Secretary	50,000

Following the grant of the Options, there are options over a total of 8,069,169 Ordinary Shares in the Company, representing 7.6 per cent. of the Company's current issued share capital. In addition, there are 675,000 Ordinary Shares held in the Company's employee benefit trust ("EBT") that are subject to outstanding JSOP awards. The aggregate 675,000 JSOP Shares do not have voting rights.

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	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	21 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Holly Elliott
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	Options over 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	200,000 n/a
e)	Date of the transaction	21 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	Chief Operating 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	Interests in ordinary shares of 1p each under the Company's Joint Share Ownership Plan
	Identification code	GB00BYWRS683
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price	Volume
		Nil	250,000
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction as in 4c) above 250,000 Nil
e)	Date of the transaction	21 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Chris Merriman
2.	Reason for the Notification
a)	Position/status	Financial Controller & 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	Grant of Options
c)	Price(s) and volume(s)	Price	Volume
		Nil	50,000
d)	Aggregated information: ·Aggregated volume ·Price	50,000 n/a
e)	Date of the transaction	21 June 2023
f)	Place of the transaction	Outside a trading venue

Enquiries:

The City Pub Group Clive Watson, Chairman Holly Elliott, CFO	Tel: [phone]
Liberum (Nomad & Joint Broker) Chris Clarke / Edward Thomas / Kane Collings	Tel: [phone]
Peel Hunt (Joint Broker) George Sellar / Andrew Clark	Tel: [phone]
Instinctif Partners Matthew Smallwood	Tel: [phone]

 

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