PDMR Trading Notification

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 Party

Original Holding

Number of Shares Transferred

Price per Transferring Share

Total Shares remaining

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

 

 

 

 

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

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

 

Identification code

Ordinary shares of 1p

 

 

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

Price

 

1,164,381 ordinary shares

73p

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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