20 February 2025
VARIOUS EATERIES PLC
("Various Eateries" or "the Company" and with its subsidiaries "the Group")
Issue of Options
Further to the Appointment of CEO and Board changes announcement dated 13 January 2025, Various Eateries confirms that it has now issued 4,000,000 options over ordinary shares of 1p each in the Company ("Ordinary Shares") to Mark Loughborough, the newly appointed CEO and an Executive Director of the Company (the "New Options"). The New Options have been issued as part of Mark's standard remuneration package with the Company.
The New Options are granted under the rules of the Company's CSOP Share Scheme. The New Options have an exercise price of range from 17.32 pence to 20.96 pence and vest in three equal tranches over three years with the first vesting date being the first anniversary of the date of grant. The New Options remain, however, conditional on the continued employment of the recipient at the date of exercise.
Mark Loughborough holds no other options over ordinary shares in the Company.
Contacts
| Various Eateries plc | Via Alma |
| Mark Loughborough (Chief Executive Officer) | |
| Sharon Badelek (Chief Financial Officer) |
|
|
Zeus (Sole Broker & NOMAD) |
+44 (0)20 3829 5000 |
| Harry Ansell (Broking) |
|
| Antonio Bossi (NOMAD) |
|
| Darshan Patel George Duxberry |
|
| | |
| Alma Strategic Communications | +44 (0)20 3405 0205 |
| David Ison | |
| Rebecca Sanders-Hewett | |
| Will Merison | |
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 operates two core brands across 20 locations:
Coppa Club, a multi-use, all day concept that combines restaurant, terrace, café, lounge, bar and work spaces.
Noci, a modern pasta-led concept which serves very high-quality dishes at reasonable prices.
For more information visit www.variouseateries.co.uk.
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 | Mark Loughborough | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| 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) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
4,000,000 19.11 pence | ||||
| e) | Date of the transaction | 20 February 2025 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
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