Various Eateries PLC PDMR Trading Notification (0557V)
12 Abril 2021 - 1:00AM
UK Regulatory
TIDMVARE
RNS Number : 0557V
Various Eateries PLC
12 April 2021
VARIOUS EATERIES PLC
("Various Eateries" or "the Company"
and with its subsidiaries "the Group")
PDMR Trading Notification
The Company has received notice today that a company which is
deemed to be controlled by Mr Osmond, but which also has other
minority shareholders, has undertaken a number of transfers of
shares in Various Eateries. The details are set out as follows
Transferring Original Number of Shares Price per Total Shares
Party Holding Transferred Transferring remaining
Share
Rare Bird Hotels
Limited 9,523,809 1,164,381 73p 8,359,428
---------- ----------------- -------------- -------------
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 and are to
principally facilitate the settlement in specie of certain
shareholder loan notes within the Rare Bird Hotels Limited group
(further details of these arrangements are set out in the Company's
Admission Document, which can be found on the Company's website
www.variouseateries.co.uk . As a result of these transfers, certain
individuals and companies, who have been supportive long term
investors in the hotel businesses acquired by the Company, will now
become shareholders in Various Eateries. The effective date of the
transfer of shares is today.
Following these transfers, Hugh Osmond is deemed to be
interested in 41,616,859 Ordinary Shares representing 46.76% of the
total issued share capital of the Company of which 24,569,344
Ordinary Shares are held by Xercise 2 Limited, 8,359,428 Ordinary
Shares are held by Rare Birds Hotel Limited, 3,174,603 Ordinary
Shares are held by the Great House at Sonning Limited and 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).
Enquiries
Various Eateries
plc
Yishay Malkov Chief Executive Officer Via Alma PR
Andrew Bassadone Executive Chairman
Hugh Osmond Non-Executive Director
Sole Broker and Nominated Tel: +44 (0) 20 7220
WH Ireland Limited Adviser 1666
Broking - Harry Ansell,
Adam Pollock
Corporate Finance
- Katy Mitchell,
Lydia Zychowska
Tel: +44 (0) 20 3405
Alma PR Financial PR 0205
Susie Hudson variouseateries@almapr.co.uk
David Ison
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 Ordinary shares of 1p
Identification code
GB000B9BZK23
------------------------------------------------------------ ---------------------------------
b) Nature of the transaction Share Transfer
------------------------------------------------------------ ---------------------------------
c) Price(s) and volume(s) 1,164,381 ordinary shares at 73p
------------------------------------------------------------ ---------------------------------
d) Aggregated information
* Aggregated volume 1,164,381 ordinary shares
73p
* Price
------------------------------------------------------------ ---------------------------------
e) Date of the transaction 12 April 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
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END
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April 12, 2021 02:00 ET (06:00 GMT)
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