TIDMFUL
RNS Number : 9582M
Fulham Shore PLC (The)
24 September 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 ("MAR"),
WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018.
IN ADDITION, MARKET SOUNDINGS WERE TAKEN IN RESPECT OF THE
MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT
CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL
THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
The Fulham Shore Plc
(Fulham Shore ", the "Company" or "Group")
Result of Placing, Exercise of Options,
Director Shareholdings, and Total Voting Rights
Further to the announcement made earlier today, the Placing has
now closed and subject to completion, an aggregate 22,883,333
ordinary shares have been sold at the Placing Price of 18 pence per
share. Of these shares, 13,374,299 are Ordinary Shares sold by
employees, including certain Directors, issued pursuant to the
exercise of the Options, and the remaining 9,509,034 shares have
been sold by other shareholders in the Company.
Pursuant to the exercise of the Options, the Company has issued
and allotted 10,041,457 new Ordinary Shares under the Company's
existing unapproved share option plan and CSOP. A further 3,332,842
new Ordinary Shares will be issued and allotted on the completion
of the exercise of the options under the Company's EMI share option
plan.
Application has been made for 10,041,457 new Ordinary Shares
(the "New Shares") to be admitted to trading on AIM ("Admission"),
which is expected to occur on or around 30 September 2021. On
completion of the exercise of the options under the Company's EMI
share option plan, a further application will be made for 3,332,842
new Ordinary Shares (the "Further New Shares") to be admitted to
trading on AIM ("Further Admission") which is expected on or around
11 October 2021.
Following the completion of the Placing, the Directors will have
an interest in a combined 229,642,939 Ordinary Shares, representing
approximately 36.2 per cent. of the enlarged issued share capital
following Admission. Detail on individual Director's positions
following the Placing can be found in the table below.
Director Current Ordinary Resultant Holding
Shares
issued
pursuant
to exercise
of Options
and subsequently
sold
Ordinary % of Issued Ordinary % of Issued
Shares Share Shares Share
Capital Capital
------------ ------------ ------------ ------------
NAG Mankarious 116,879,434 18.8% 1,192,213 116,879,434 18.5%
------------ ------------ ------------------ ------------ ------------
DM Page 83,515,120 13.5% 4,525,055 83,515,120 13.2%
------------ ------------ ------------------ ------------ ------------
NJ Donaldson 14,998,573 2.4% 3,604,381 14,998,573 2.4%
------------ ------------ ------------------ ------------ ------------
NCW Wong 12,388,449 2.0% 1,596,060 12,388,449 2.0%
------------ ------------ ------------------ ------------ ------------
MA Chapman 1,086,818 0.2% 2,406,590 1,086,818 0.2%
------------ ------------ ------------------ ------------ ------------
DAL Gunewardena 774,545 0.1% - 774,545 0.1%
------------ ------------ ------------------ ------------ ------------
Total 229,642,939 37.0% 13,324,299 229,642,939 36.2%
------------ ------------ ------------------ ------------ ------------
It is expected the trade date for the Placing will be today,
24(th) September 2021 . 12,747,769 Placing Shares will be settled
on a T+5 basis and 10,135,564 Placing Shares will be settled on a
T+12 basis.
Save as otherwise defined, capitalised terms used in this
announcement have the meanings given to them in the announcement
released by the Company at 3:00pm 24 September 2021.
Total Voting Rights
Following Admission of the exercised options by the selling
Directors, the total number of Ordinary Shares in issue will be
630,528,425. As no shares are currently held in the treasury, total
number of voting rights will therefore be 630,528,425. This figure
may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules. A
revised Total Voting Rights will be provided when the application
for the Further Admission has been made.
For further information, please contact:
The Fulham Shore PLC www.fulhamshore.com
David Page / Nick Wong Via Hudson Sandler
Singer Capital Markets (Nominated Adviser
& Broker)
Shaun Dobson / James Moat / Kailey Aliyar
/ Hannah Woodley +44 (0) 20 7496 3000
Hudson Sandler - Financial PR fulhamshore@hudsonsandler.com
Alex Brennan / Lucy Wollam Telephone: 020 7796
4133
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nabil Mankarious
David Page
Nick Donaldson
Nick Wong
Martin Chapman
-------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Managing Director
Chairman
Executive Director
Finance Director
Non-Executive
Director
-------------------------- -------------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name The Fulham Shore plc
-------------------------- -------------------------------------------------------
b) LEI 213800I1MACIDMBA2M29
-------------------------- -------------------------------------------------------
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, Ordinary shares of 1p each in The
type of instrument Fulham Shore plc
Identification code
Identification code (ISIN) for The
Fulham Shore plc ordinary shares:
GB00B9F8VG44
-------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of Options
-------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Director Price(s) (GBP) Volume(s)
Nabil Mankarious 0.06 1,647,256
--------------- ---------------
David Page 0.06 4,980,098
(of which
3,332,842
exercised
will complete
on or around
4 October
2021)
--------------- ---------------
Nick Donaldson 0.06 4,980,098
--------------- ---------------
Nick Wong 0.06 2,205,242
--------------- ---------------
Martin Chapman 0.06 3,325,135
--------------- ---------------
-------------------------- -------------------------------------------------------
d) Aggregated information
Director Price(s) (GBP) Volume(s)
- Aggregated volume
Nabil Mankarious 0.06 1,647,256
------------------ ---------------
- Price David Page 0.06 4,980,098
(of which
3,332,842
exercised
will complete
on or around
4 October
2021)
------------------ ---------------
Nick Donaldson 0.06 4,980,098
------------------ ---------------
Nick Wong 0.06 2,205,242
------------------ ---------------
Martin Chapman 0.06 3,325,135
------------------ ---------------
-------------------------- -------------------------------------------------------
e) Date of the transaction 24 September 2021
-------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nabil Mankarious
David Page
Nick Donaldson
Nick Wong
Martin Chapman
-------------------------- --------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Managing Director
Chairman
Executive Director
Finance Director
Non-Executive
Director
-------------------------- --------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name The Fulham Shore plc
-------------------------- --------------------------------------------------
b) LEI 213800I1MACIDMBA2M29
-------------------------- --------------------------------------------------
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, Ordinary shares of 1p each in The
type of instrument Fulham Shore plc
Identification code
Identification code (ISIN) for The
Fulham Shore plc ordinary shares:
GB00B9F8VG44
-------------------------- --------------------------------------------------
b) Nature of the transaction Sale of Shares
-------------------------- --------------------------------------------------
c) Price(s) and volume(s) Director Price(s) (GBP) Volume(s)
Nabil Mankarious 0.18 1,647,256
------------------ ----------
David Page 0.18 4,980,098
------------------ ----------
Nick Donaldson 0.18 4,980,098
------------------ ----------
Nick Wong 0.18 2,205,242
------------------ ----------
Martin Chapman 0.18 3,325,135
------------------ ----------
-------------------------- --------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- --------------------------------------------------
e) Date of the transaction 24 September 2021
-------------------------- --------------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name
Jawaid Akhtar
---------------------------- -------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Franco Manca Operations Director
(PDMR)
---------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name The Fulham Shore plc
---------------------------- -------------------------------------
b) LEI 213800I1MACIDMBA2M29
---------------------------- -------------------------------------
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 Ordinary shares of 1p each in The
financial instrument, Fulham Shore plc
type of instrument
Identification code
Identification code (ISIN) for The
Fulham Shore plc ordinary shares:
GB00B9F8VG44
---------------------------- -------------------------------------
b) Nature of the transaction Sale of Shares
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
18 pence 6,802,722
----------
---------------------------- -------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
---------------------------- -------------------------------------
e) Date of the transaction 24 September 2021
---------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange
---------------------------- -------------------------------------
Notes for editors
Information on The Fulham Shore PLC
Fulham Shore owns and operates "The Real Greek" ( www.therealgreek.com ) and "Franco Manca" (
www.francomanca.co.uk ) restaurants.
Fulham Shore was incorporated in March 2012. The Directors
believed that there were attractive investment opportunities within
the restaurant sector in the UK and that, given their collective
experience in the restaurant sector, they could take advantage of
the opportunities which existed.
The ordinary shares of the Company were admitted to trading on
AIM in October 2014 in order to capitalise on such opportunities
and to give the company employees, customers and public the ability
to share in the enterprise.
The Real Greek
Since its foundation in London in 1999, The Real Greek group has
grown steadily, now offering modern Greek cuisine in 20 restaurants
across London and Southern England.
The Real Greek food centres on the delicious, healthy diet of
the Eastern Mediterranean, staying true to the Greek ethos of food,
family and friends. Dishes are created using premium ingredients
sourced from Greece and Cyprus whenever possible, and developed by
Tonia Buxton, the face of Greek food in the UK.
The Real Greek's menu and atmosphere retain the spirit of eating
in Greece, encouraging diners to take their time eating amongst
friends and family, be it a relaxed dinner, family get-together, or
a fully catered party.
Franco Manca
Franco Manca opened its first restaurant in 2008 and now has 55
restaurants, primarily in London, but also with restaurants across
the UK (e.g. Edinburgh, Glasgow, Manchester, Leeds, Cambridge,
Bath, Oxford, Bristol and Exeter).
Franco Manca's pizza is made from slow-rising sourdough and is
baked in an oven that produces high heat. The slow levitation and
blast cooking process lock in the flour's natural aroma and
moisture, giving a soft and easily digestible crust. Where
possible, locally sourced and organic ingredients are used.
Franco Manca has received the following accolades:
Winner of the Casual Dining Best Family Dining Experience Award
2020
Winner of the R200 Best Value Restaurant Operator- Over 20 Sites
Award 2019 and 2017
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END
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