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NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR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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