NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
4 March 2024
THE CITY PUB GROUP PLC ("CITY PUBS")
Exercise of options, transaction in own shares and PDMR shareholdings
City Pubs announces that, following this morning's announcement of the Scheme becoming Effective, the Company has transferred 675,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") out of treasury. The transfer of Ordinary Shares out of treasury is to satisfy the exercise of options for Ordinary Shares, granted pursuant to the 2022 CSOP, by certain employees of the Company, including Holly Elliott and Christopher Merriman (together the "PDMRs").
Details of the Ordinary Shares allotted to the PDMRs are set out in the table at the end of this announcement ("notifications"). The below notifications are made in accordance with the requirements of the EU Market Abuse Regulation.
Capitalised terms in this announcement, unless otherwise defined, have the same meaning as set out in the scheme document published on 13 December 2023.
Enquiries:
| City Pubs | Tel: +44 (0) 20 7559 5106 | |
| Clive Watson, Executive Chairman | | |
| Holly Elliott, CFO | | |
|
| | |
| Liberum Capital Limited | Tel: +44 (0) 20 3100 2000 | |
| (Nominated Advisor and Broker to City Pubs) | | |
| Chris Clarke / Ed Thomas | | |
| | | |
| Panmure Gordon (UK) Limited | Tel: +44 (0) 20 7886 2500 | |
| (Joint Broker to City Pubs) | | |
| Simon French / Ailsa Macmaster / Rupert Dearden | | |
| | | |
| Instinctif Partners | Tel: +44 (0) 20 7457 2020 | |
| (PR Adviser to City Pubs) | | |
| Matthew Smallwood / Justine Warren | | |
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Holly Elliott | ||||||
| 2. | Reason for the notification | |||||||
| a) | Position/status: | Chief Financial Officer | ||||||
| b) | Initial notification/Amendment: | Initial Notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name: | The City Pub Group plc | ||||||
| b) | LEI: | 213800OHELCFJ6GLZC03 | ||||||
| 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: | Options over Ordinary Shares of 1p each
GB00BYWRS683 | ||||||
| b) | Nature of the transaction: | Exercise of options under the 2022 CSOP | ||||||
| c) | Price(s) and volume(s): | Exercised resulting in issue of equity:
| ||||||
| d) | Aggregated information: · Aggregated volume: · Price: | See 4 (c) above | ||||||
| e) | Date of the transaction: | 4 March 2024 | ||||||
| f) | Place of the transaction: | Off market transaction | ||||||
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Christopher Merriman | ||||||
| 2. | Reason for the notification | |||||||
| a) | Position/status: | Financial Controller and Company Secretary | ||||||
| b) | Initial notification/Amendment: | Initial Notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name: | The City Pub Group plc | ||||||
| b) | LEI: | 213800OHELCFJ6GLZC03 | ||||||
| 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: | Options over Ordinary Shares of 1p each
GB00BYWRS683 | ||||||
| b) | Nature of the transaction: | Exercise of options under the 2022 CSOP | ||||||
| c) | Price(s) and volume(s): | Exercised resulting in issue of equity:
| ||||||
| d) | Aggregated information: · Aggregated volume: · Price: | See 4 (c) above | ||||||
| e) | Date of the transaction: | 4 March 2024 | ||||||
| f) | Place of the transaction: | Off market transaction | ||||||
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