VARIOUS EATERIES PLC
("Various Eateries" or "the Company"
and with its subsidiaries "the Group")
Issue of Options
Various Eateries announces that it has issued options over 250,000 Ordinary Shares to Lyndsay Anderson, the newly appointed Marketing Director of the Company (a non-board position) and a PDMR of the Company (the "New Options"). The New Options have been issued as part of her remuneration package with the Company.
86,956 of the New Options are granted under the rules of the Company's CSOP Share Scheme (with the balance being issued as unapproved options); all the New Options have an exercise price of 34.5p and vest in three equal tranches 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. Lynsey Anderson holds no other options over ordinary shares in the Company.
For further information please contact:
| Various Eateries plc | | | |||
| Andy Bassadone | Executive Chairman | Via Alma PR | |||
| Yishay Malkov | Chief Executive Officer | | |||
| James Darwent
| Interim Chief Financial Officer | | |||
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WH Ireland Limited | Broker and Nominated Adviser | Tel: +44 (0)20 7220 1666 | |||
| Broking Harry Ansell | | | |||
| Nominated Adviser Katy Mitchell / Megan Liddell | | | |||
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| Alma PR | Financial PR | Tel: +44 (0)20 3405 0205 | |||
| David Ison Lily Soares Smith Pippa Crabtree | | variouseateries@almapr.co.uk | |||
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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 | Lyndsay Anderson | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Marketing Director | ||||||
| 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 1 pence each
GB000B9BZK23 | ||||||
| b) | Nature of the transaction | Issue of Share Options
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| c) | Price(s) and volume(s) |
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| d) | Aggregated information - Aggregated volume - Price |
250,000 34.5p
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| e) | Date of the transaction | 17/11/2022 | ||||||
| f) | Place of the transaction | Outside a trading venue | ||||||
About Various Eateries
Various Eateries owns, develops and operates restaurant, clubhouse 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) and Matt Fanthorpe (Chef Director, a non-board position).
The Group operates three core brands across 15 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 |
| | · Noci, a modern, neighbourhood pasta-only concept which serves very high-quality dishes at reasonable prices |
For more information visit www.variouseateries.co.uk
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