PDMR Trading Notification

RNS Number : 0557V

Various Eateries PLC

12 April 2021

 

VARIOUS EATERIES PLC

("Various Eateries" or "the Company"

and with its subsidiaries "the Group")

PDMR Trading Notification

The Company has received notice today that a company which is deemed to be controlled by Mr Osmond, but which also has other minority shareholders, has undertaken a number of transfers of shares in Various Eateries.  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	9,523,809	1,164,381	73p	8,359,428

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 and are to principally facilitate the settlement in specie of certain shareholder loan notes within the Rare Bird Hotels Limited group (further details of these arrangements are set out in the Company's Admission Document, which can be found on the Company's website www.variouseateries.co.uk . As a result of these transfers, certain individuals and companies, who have been supportive long term investors in the hotel businesses acquired by the Company, will now become shareholders in Various Eateries. The effective date of the transfer of shares is today.

Following these transfers, Hugh Osmond is deemed to be interested in 41,616,859 Ordinary Shares representing 46.76% of the total issued share capital of the Company of which 24,569,344 Ordinary Shares are held by Xercise 2 Limited, 8,359,428 Ordinary Shares are held by Rare Birds Hotel Limited, 3,174,603 Ordinary Shares are held by the Great House at Sonning Limited and 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).

Enquiries

Various Eateries plc
Yishay Malkov	Chief Executive Officer	Via Alma PR
Andrew Bassadone	Executive Chairman
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]
Susie Hudson		[e-mail]
David Ison
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)	1,164,381 ordinary shares at 73p
d)	Aggregated information -  Aggregated volume -  Price	1,164,381 ordinary shares 73p
e)	Date of the transaction	12 April 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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