- Title:
PCA Trading Notification - Time:
07:00:04 - Date:
14 May 2021 - Category:
Director/PDMR dealings - ID:
6090Y
VARIOUS EATERIES PLC
("Various Eateries" or "the Company"
and with its subsidiaries "the Group")
PCA Trading Notification
The Company has received notice today that a company which is deemed to be controlled by Mr Osmond, a director of Various Eateries, has undertaken a transfer of shares in Various Eateries to certain other connected persons.
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, a company controlled by Hugh Osmond |
8,359,428 |
1,006,000 |
105p |
7,353,428 |
| Receiving Party (each a PCA) |
Original Holding |
Number of Shares Received |
Price per Transferring Share |
Total Shares now held |
| Lucy Potter |
Nil |
1,000,000 |
105p |
1,000,000 |
In addition three children of Hugh Osmond received 2,000 Ordinary Shares each at a price of 105p from Rare Bird Hotels Limited which is below the detailed disclosure threshold required under the regulations.
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 at the time of the Company's AIM admission and are to facilitate the gifts of shares by Hugh Osmond to members of his family who will subsequently abide by the same terms of the Lock in Agreements.
Following these transfers, Hugh Osmond's holding is deemed to be unchanged. He remains interested in 41,616,859 Ordinary Shares representing 46.75% of the total issued share capital of the Company of which 24,569,344 Ordinary Shares are held by Xercise 2 Limited, 7,353,428 Ordinary Shares are held by Rare Birds Hotel Limited, 3,174,603 Ordinary Shares are held by the Great House at Sonning Limited, 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), 1,000,000 Ordinary Shares are held by Lucy Potter and 6,000 Ordinary Shares are held by his three children.
Enquiries
| Various Eateries plc |
|
|
| Yishay Malkov |
Chief Executive Officer |
Via Alma PR |
| Andrew Bassadone |
Executive Chairman |
|
| Oliver Williams |
Chief Financial Officer |
|
| Hugh Osmond |
Non-Executive Director |
|
| |
|
|
| WH Ireland Limited |
Sole Broker and Nominated Adviser |
Tel: +44 (0) 20 7220 1666 |
| Broking - Harry Ansell, Adam Pollock |
|
|
| Corporate Finance - Katy Mitchell, Lydia Zychowska |
|
|
| |
|
|
| Alma PR |
Financial PR |
Tel: +44 (0) 20 3405 0205 |
| David Ison |
|
|
| Susie Hudson |
|
|
| 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) |
1,006,000 ordinary shares at 105p |
| d) |
Aggregated information - Aggregated volume - Price |
1,006,000 ordinary shares 105p |
| e) |
Date of the transaction |
14 May 2021 |
| f) |
Place of the transaction |
London Stock Exchange, AIM |
| 1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
| a) |
Name |
Lucy Potter |
| 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) |
1,000,000 ordinary shares at 105p |
| d) |
Aggregated information - Aggregated volume - Price |
1,000,000 ordinary shares 105p |
| e) |
Date of the transaction |
14 May 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
PCA Trading Notification07:00:0414 May 2021Director/PDMR dealings6090Y