Grant & exercise of options and TVR

RNS Number : 4922W

Fulham Shore PLC (The)

23 April 2021

 

23 April 2021

The Fulham Shore PLC

("Fulham Shore", the "Company" or the "Group")

Grant & exercise of options and total voting rights

Grant of options

Fulham Shore (AIM: FUL) announces that the Company has today granted 400,000 options over ordinary shares in the Company ("Ordinary Shares") to employees of the Company (the "Options"). 304,687 Options have been granted pursuant to The Fulham Shore Company Share Option Plan ("CSOP") and 95,313 Options have been granted pursuant to the Unapproved Share Option Scheme. The Options have an exercise price of 16 pence per Ordinary Share, being the closing mid-market price of an Ordinary Share on 22 April 2021, the day prior to grant, and are exercisable from the third anniversary of grant until the tenth anniversary of grant. There are no additional performance conditions attaching to the Options.

Exercise of options

The Company has also today received notice that an employee has exercised 50,000 options over Ordinary Shares, at an exercise price of 11p per option. The option exercise will be net-settled pursuant to the amendments to the Unapproved Share Option Scheme announced by the Company on 22 February 2021 and will result in the issue of 16,667 new Ordinary Shares. Application has been made for the 16,667 new Ordinary Shares to be admitted to trading on AIM ("Admission"), which is expected to occur on or around 29 April 2021.

Following the grant and exercise of options detailed above, the Company has a total of 53,645,406 options over new Ordinary Shares outstanding under share option schemes, equivalent to 8.7% of the enlarged issued share capital of the Company.

Total voting rights

Following Admission, the Company will have 619,074,318 Ordinary Shares in issue, each with one voting right. The Company does not hold any shares in treasury and therefore the total number of voting rights in the Company is 619,074,318. This figure should be used by shareholders as the denominator for the calculations by which they should determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules. 

For further information, please contact:

The Fulham Shore PLC	www.fulhamshore.com
David Page / Nick Wong	Via Hudson Sandler
Allenby Capital Limited Nick Naylor / Jeremy Porter / James Reeve (Corporate Finance) Tony Quirke / Jos Pinnington (Sales)	Tel: [phone]
Hudson Sandler - Financial PR Alex Brennan / Lucy Wollam	[e-mail] Telephone: [phone]

Notes for editors

Information on The Fulham Shore PLC

Fulham Shore was incorporated in March 2012. The Directors believed that there were attractive investment opportunities within the restaurant sector in the UK and that, given their collective experience in the restaurant sector, they could take advantage of the opportunities which existed.

The ordinary shares of the Company were admitted to trading on AIM in October 2014 in order to capitalise on such opportunities and to give the company employees, customers and public the ability to share in the enterprise.

Today, Fulham Shore owns and operates "The Real Greek" (   www.therealgreek.com  ) and "Franco Manca" (   www.francomanca.co.uk  ) restaurants.

The Real Greek

Since its foundation in London in 1999, The Real Greek group has grown steadily, now offering modern Greek cuisine in 19 restaurants    across London and Southern England.

The Real Greek food centres on the delicious, healthy diet of the Eastern Mediterranean, staying true to the Greek ethos of food, family and friends. Dishes are created using premium ingredients sourced from Greece and Cyprus whenever possible, and developed by Tonia Buxton, the face of Greek food in the UK.

The Real Greek's menu and atmosphere retain the spirit of eating in Greece, encouraging diners to take their time eating amongst friends and family, be it a relaxed dinner, family get-together, or a fully catered party.

Franco Manca

Franco Manca opened its first restaurant in 2008 and now has 53 restaurants, primarily in London, but also with restaurants across the UK (e.g. Edinburgh, Manchester, Leeds, Cambridge, Bath, Oxford, Bristol and Exeter). Franco Manca also has a franchised pizzeria on the island of Salina in Italy.

Franco Manca's pizza is made from slow-rising sourdough and is baked in an oven that produces high heat. The slow levitation and blast cooking process lock in the flour's natural aroma and moisture, giving a soft and easily digestible crust. Where possible, locally sourced and organic ingredients are used. Pizza prices start from £5.20.

Franco Manca has received the following accolades:

Winner of the Casual Dining Best Family Dining Experience Award 2020

Winner of the R200 Best Value Restaurant Operator- Over 20 Sites Award 2019 and 2017

 

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