TIDMCPC

RNS Number : 4032C

City Pub Group PLC (The)

10 February 2020

10 February 2020

The City Pub Group plc

("The City Pub Group" or the "Company")

Exercise of Options and PDMR / PCA Dealings

The Company announces that on 7 February 2020, Alex Derrick, Managing Director and Executive Director of the Company, exercised 30,000 options under the Company Share Option Plan (the "CSOP") at an exercise price of 100 pence per ordinary share of 50 pence each in the Company ("Ordinary Shares"), electing for 15,000 Ordinary Shares to be allotted to each of himself and his wife, Isabella Derrick (in aggregate, the "Shares"). Subsequently, on 7 February 2020, Alex Derrick and Isabella Derrick sold the Shares to Clive Watson, Executive Chairman of the Company, at a price of GBP1.90 per Ordinary Share, representing the closing mid-market price on 7 February 2020.

Following the above transactions, Clive Watson holds 2,737,345* ordinary shares in the Company, representing 4.44% of the Company's issued share capital, and Alex Derrick holds 431,786 ordinary shares in the Company, representing 0.70% of the Company's issued share capital.

* Includes 273,593 Ordinary Shares held in the name of Clive Watson and DCD Trustees Ltd as Trustees of The Bar and Kitchen Pension Scheme

 
 1.    Details of the person discharging managerial responsibilities / person closely associated 
 a)    Name                                                                Alex Derrick 
      ------------------------------------------------------------------  -------------------------------------------- 
 2.    Reason for the Notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/status                                                     Executive Director 
      ------------------------------------------------------------------  -------------------------------------------- 
 b)    Initial notification/ Amendment                                     Initial notification 
      ------------------------------------------------------------------  -------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                                                                The City Pub Group plc 
      ------------------------------------------------------------------  -------------------------------------------- 
 b)    LEI                                                                 213800OHELCFJ6GLZC03 
      ------------------------------------------------------------------  -------------------------------------------- 
 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 50p each 
       Identification code                                                 GB00BYWRS683 
      ------------------------------------------------------------------  -------------------------------------------- 
 b)    Nature of the transaction                                           Exercise of options under the CSOP 
      ------------------------------------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)                                              Price                     Volume 
      ------------------------------------------------------------------  ------------------------  ------------------ 
   GBP1.00                                                                                           30,000 
  ------------------------------------------------------------------------------------------------  ------------------ 
 d)    Aggregated information:                                             Single transaction as in 4c) above 
         *    Aggregated volume                                             30,000 
                                                                            GBP1.00 
 
         *    Price 
      ------------------------------------------------------------------  -------------------------------------------- 
 e)    Date of the transaction                                             7 February 2020 
      ------------------------------------------------------------------  -------------------------------------------- 
 f)    Place of the transaction                                            London Stock Exchange, AIM Market (XLON) 
      ------------------------------------------------------------------  -------------------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities / person closely associated 
 a)    Name                                         Alex Derrick + Isabella Derrick 
      -------------------------------------------  ------------------------------------------------------------------- 
 2.    Reason for the Notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/status                              Executive Director + Spouse 
      -------------------------------------------  ------------------------------------------------------------------- 
 b)    Initial notification/ Amendment              Initial notification 
      -------------------------------------------  ------------------------------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                                         The City Pub Group plc 
      -------------------------------------------  ------------------------------------------------------------------- 
 b)    LEI                                          213800OHELCFJ6GLZC03 
      -------------------------------------------  ------------------------------------------------------------------- 
 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 50p each 
       type of instrument 
       Identification code                          GB00BYWRS683 
      -------------------------------------------  ------------------------------------------------------------------- 
 b)    Nature of the transaction                    Transfer of shares from Executive Director to Spouse following 
                                                    exercise of options 
      -------------------------------------------  ------------------------------------------------------------------- 
 c)    Price(s) and volume(s)                       Price                                         Volume 
      -------------------------------------------  --------------------------------------------  --------------------- 
   Nil consideration                                                                              15,000 
  ---------------------------------------------------------------------------------------------  --------------------- 
 d)    Aggregated information:                      Single transaction as in 4c) above 
         *    Aggregated volume                      15,000 
                                                     n/a 
 
         *    Price 
      -------------------------------------------  ------------------------------------------------------------------- 
 e)    Date of the transaction                      7 February 2020 
      -------------------------------------------  ------------------------------------------------------------------- 
 f)    Place of the transaction                     London Stock Exchange, AIM Market (XLON) 
      -------------------------------------------  ------------------------------------------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities / person closely associated 
 a)    Name                                                                Alex Derrick + Isabella Derrick 
      ------------------------------------------------------------------  ----------------------------------- 
 2.    Reason for the Notification 
      ------------------------------------------------------------------------------------------------------- 
 a)    Position/status                                                     Executive Director + Spouse 
      ------------------------------------------------------------------  ----------------------------------- 
 b)    Initial notification/ Amendment                                     Initial notification 
      ------------------------------------------------------------------  ----------------------------------- 
 3.    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ------------------------------------------------------------------------------------------------------- 
 a)    Name                                                                The City Pub Group plc 
      ------------------------------------------------------------------  ----------------------------------- 
 b)    LEI                                                                 213800OHELCFJ6GLZC03 
      ------------------------------------------------------------------  ----------------------------------- 
 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 50p each 
       Identification code                                                 GB00BYWRS683 
      ------------------------------------------------------------------  ----------------------------------- 
 b)    Nature of the transaction                                           Sale of Ordinary Shares 
      ------------------------------------------------------------------  ----------------------------------- 
 c)    Price(s) and volume(s)                                              Price                    Volume 
      ------------------------------------------------------------------  -----------------------  ---------- 
   Alex Derrick 
    GBP1.90                                                                                           15,000 
    Isabella Derrick 
    GBP1.90                                                                                           15,000 
  -----------------------------------------------------------------------------------------------  ---------- 
 d)    Aggregated information: 
         *    Aggregated volume                                              30,000 
                                                                             GBP1.90 
 
         *    Price 
      ------------------------------------------------------------------  ----------------------------------- 
 e)    Date of the transaction                                             7 February 2020 
      ------------------------------------------------------------------  ----------------------------------- 
 f)    Place of the transaction                                            Off market 
      ------------------------------------------------------------------  ----------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities / person closely associated 
 a)    Name                                                                      Clive Watson 
      ------------------------------------------------------------------------  -------------------------------------- 
 2.    Reason for the Notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/status                                                           Executive Chairman 
      ------------------------------------------------------------------------  -------------------------------------- 
 b)    Initial notification/ Amendment                                           Initial notification 
      ------------------------------------------------------------------------  -------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                                                                      The City Pub Group plc 
      ------------------------------------------------------------------------  -------------------------------------- 
 b)    LEI                                                                       213800OHELCFJ6GLZC03 
      ------------------------------------------------------------------------  -------------------------------------- 
 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 50p each 
       Identification code                                                       GB00BYWRS683 
      ------------------------------------------------------------------------  -------------------------------------- 
 b)    Nature of the transaction                                                 Purchase of Ordinary Shares 
      ------------------------------------------------------------------------  -------------------------------------- 
 c)    Price(s) and volume(s)                                                    Price                  Volume 
      ------------------------------------------------------------------------  ---------------------  --------------- 
   GBP1.90                                                                                              30,000 
  ---------------------------------------------------------------------------------------------------  --------------- 
 d)    Aggregated information:                                                   Single transaction as in 4c) above 
         *    Aggregated volume                                                   30,000 
                                                                                  GBP1.90 
 
         *    Price 
      ------------------------------------------------------------------------  -------------------------------------- 
 e)    Date of the transaction                                                   7 February 2020 
      ------------------------------------------------------------------------  -------------------------------------- 
 f)    Place of the transaction                                                  Off market 
      ------------------------------------------------------------------------  -------------------------------------- 
 

Enquiries:

 
 The City Pub Group                              Tel: +44 20 7559 
  Clive Watson, Executive Chairman                           5106 
  Tarquin Williams, CFO 
 Liberum (Nomad & Joint Broker)                  Tel: +44 20 3100 
  Chris Clarke / Edward Thomas / Clayton Bush                2222 
 Berenberg (Joint Broker)                        Tel: +44 20 3207 
  Chris Bowman / Toby Flaux / Marie Stolberg                 7800 
 Instinctif Partners                             Tel: +44 20 7457 
  Matthew Smallwood / Sebastian Holland                      2020 
 

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END

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February 10, 2020 02:00 ET (07:00 GMT)

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