PCA Trading Notification

RNS Number : 6090Y

Various Eateries PLC

14 May 2021

 

VARIOUS EATERIES PLC

("Various Eateries" or "the Company"

and with its subsidiaries "the Group")

PCA Trading Notification

The Company has received notice today that a company which is deemed to be controlled by Mr Osmond, a director of Various Eateries, has undertaken a transfer of shares in Various Eateries to certain other connected persons.  

The details are set out as follows

Transferring Party	Original Holding	Number of Shares Transferred	Price per Transferring Share	Total Shares remaining
Rare Bird Hotels Limited, a company controlled by Hugh Osmond	8,359,428	1,006,000	105p	7,353,428

Receiving Party (each a PCA)	Original Holding	Number of Shares Received	Price per Transferring Share	Total Shares now held
Lucy Potter	Nil	1,000,000	105p	1,000,000

In addition three children of Hugh Osmond received 2,000 Ordinary Shares each at a price of 105p from Rare Bird Hotels Limited which is below the detailed disclosure threshold required under the regulations.

These transfers were intended and permitted pursuant to the terms of a series of Lock in Agreements signed by each of Hugh Osmond and Rare Bird Hotels Limited on 18 September 2020 at the time of the Company's AIM admission and are to facilitate the gifts of shares by Hugh Osmond to members of his family who will subsequently abide by the same terms of the Lock in Agreements.

Following these transfers, Hugh Osmond's holding is deemed to be unchanged. He remains interested in 41,616,859 Ordinary Shares representing 46.75% of the total issued share capital of the Company of which 24,569,344 Ordinary Shares are held by Xercise 2 Limited, 7,353,428 Ordinary Shares are held by Rare Birds Hotel Limited, 3,174,603 Ordinary Shares are held by the Great House at Sonning Limited, 5,513,484 Ordinary Shares are held by Friends Provident International (FPI operates on an execution only basis on the sole instruction of Hugh Osmond), 1,000,000 Ordinary Shares are held by Lucy Potter and 6,000 Ordinary Shares are held by his three children.

Enquiries

Various Eateries plc
Yishay Malkov	Chief Executive Officer	Via Alma PR
Andrew Bassadone	Executive Chairman
Oliver Williams	Chief Financial Officer
Hugh Osmond	Non-Executive Director
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

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rare Bird Hotels Limited
2	Reason for the notification
a)	Position/status	PCA of Hugh Osmond
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	21300SWZ6W3RNE32B76
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 1p GB000B9BZK23
b)	Nature of the transaction	Share Transfer
c)	Price(s) and volume(s)	1,006,000 ordinary shares at 105p
d)	Aggregated information -  Aggregated volume -  Price	1,006,000 ordinary shares 105p
e)	Date of the transaction	14 May 2021
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Lucy Potter
2	Reason for the notification
a)	Position/status	PCA of Hugh Osmond
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	21300SWZ6W3RNE32B76
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 1p GB000B9BZK23
b)	Nature of the transaction	Share Transfer
c)	Price(s) and volume(s)	1,000,000 ordinary shares at 105p
d)	Aggregated information -  Aggregated volume -  Price	1,000,000 ordinary shares 105p
e)	Date of the transaction	14 May 2021
f)	Place of the transaction	London Stock Exchange, AIM

About Various Eateries

Various Eateries owns, develops and operates restaurant 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) and Oliver Williams (CFO). The Group operates two core brands across ten locations: 

· Coppa Club, a multi-use, all-day concept that combines restaurant, terrace, café, lounge, bar and work spaces (and in some locations, hotels)

· 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

 

 

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