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On 9 October 2024, Xercise2 Limited, a company owned and controlled by Hugh Osmond (Non-Executive Director of Various Eateries PLC), purchased 2,000,000 ordinary shares in Various Eateries PLC at 15 pence per share. Following this transaction, Xercise2 Limited's beneficial holding increased to 39,436,256 Ordinary Shares, representing approximately 22.53% of the Company's total issued share capital. The aggregate interest of Hugh Osmond and members of his Concert Party in the ordinary shares is now 110,739,152 shares, representing 63.2% of the Enlarged Share Capital.
| Date | 11 Oct 2024 |
| Time | 11:20:35 |
| Category | Director/PDMR dealings |
| ID | 9108H |
11 October 2024
VARIOUS EATERIES PLC
("Various Eateries" or "the Company" and with its subsidiaries "the Group")
Director/PDMR Dealing
Various Eateries PLC, the owner, developer and operator of restaurant, clubhouse and hotel sites in the United Kingdom, announces that Xercise2 Limited (a company owned and controlled by Hugh Osmond (Non-Executive Director of the Company)), on 9 October 2024 purchased 2,000,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 15 pence per share. Following this transaction Xercise2 Limited's beneficial holding is now 39,436,256 Ordinary Shares representing approximately 22.53% of the total issued share capital and voting rights in the Company.
The resultant aggregate interest of Hugh Osmond and members of his Concert Party in the ordinary shares in the capital of the Company for the purpose of the City Code, is 110,739,152 ordinary shares, representing 63.2% of the Enlarged Share Capital.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Xercise2 Limited (a company owned and controlled by Hugh Osmond) |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b)
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Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Various Eateries plc |
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b) |
LEI |
213800SWZ6W3RNE32B76 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary Shares in Various Eateries plc
GB00BM9BZK23 |
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b) |
Nature of the transaction |
Purchase of shares |
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c)
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Price(s) and volume(s) |
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d)
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Aggregated information
- Aggregated volume
- Price |
N/A (single transaction) |
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e) |
Date of the transaction |
09/10/24 |
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f) |
Place of the transaction |
AIM, London Stock Exchange |
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- Ends -
Enquiries
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Various Eateries plc |
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Via Alma |
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Andy Bassadone |
Executive Chairman |
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Sharon Badelek |
Chief Financial Officer |
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Zeus Capital Limited |
Sole Broker and NOMAD |
Tel: +44 (0)203 829 5000 |
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Broking Harry Ansell |
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Nominated Adviser Antonio Bossi |
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Darshan Patel |
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Isaac Hooper |
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Alma Strategic Communications |
Financial PR |
Tel: +44 (0)20 3405 0205 |
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David Ison |
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Rebecca Sanders-Hewett |
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Will Merison |
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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 Hugh Osmond (Founder), Andy Bassadone (Executive Chairman) and Sharon Badelek (CFO).
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, neighbourhood pasta-only concept which serves very high-quality dishes at reasonable prices
For more information visit www.variouseateries.co.uk