Issue of Options

RNS Number : 2945Y

Various Eateries PLC

12 May 2021

 

VARIOUS EATERIES PLC

("Various Eateries" or "the Company"

and with its subsidiaries "the Group")

PDMR Trading

Issue of Options

The Company confirms that it has issued options over 452,502 shares to certain employees and PDMRs of the Company, the details of the options issued to PDMRs are set out below (the "Options").

The Options are being granted under part a) and part b) of the Company's CSOP Share Scheme to incentivize key employees. Part a) options qualify as EMI options and part b) options are unapproved. The Options have an exercise price of 102.7p and vest equally 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.

The details of the issue of Options issued to PDMRs of the Company under this new Scheme are as follows :

Name of PDMR	Number of new options	Exercise Price	Total options held
Becky Rose	29,111 (Part a)	1.027	-
Becky Rose	63,291 (Part b)	1.027	92,402

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	Rebecca Rose
2	Reason for the notification
a)	Position/status	Head of Human Resources
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	213800SWZ6W3RNE32B76
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 GB00BM9BZK23
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 102.7p 92,402
d)	Aggregated information -  Aggregated volume  -  Price	92,402 102.7p
e)	Date of the transaction	11 May 2021
f)	Place of the transaction	London Stock Exchange (XLON)

Enquiries

Various Eateries plc
Andy Bassadone	Executive Chairman	Via Alma PR
Yishay Malkov	Chief Executive Officer
Oli Williams	Chief Financial Officer
WH Ireland Limited	Sole Broker and Nominated Adviser	Tel: [phone]
Broking Harry Ansell, Adam Pollock
Corporate Finance Katy Mitchell, Lydia Zychowska
Alma PR	Financial PR	Tel: [phone]
David Ison		[e-mail]
Susie Hudson
Molly Gretton

About Various Eateries

Various Eateries owns, develops and operates restaurant 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), Oliver Williams (CFO) and Matt Fanthorpe (Chef Director, a non-board position).

The Group operates two core brands across eleven 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

For more information visit www.variouseateries.co.uk  

 

END

 

 

MSCBIGDUCDBDGBB