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Various Eateries PLC (VARE)

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Thursday 25 November, 2021

Various Eateries PLC

PCA Trading Notification

RNS Number : 5258T
Various Eateries PLC
25 November 2021
 

25 November 2021

VARIOUS EATERIES PLC

("Various Eateries" or "the Company"

and with its subsidiaries "the Group")

PCA Trading Notification

The Company has received notice today that Friends Provident International (FPI operates on an execution only basis on the sole instruction of Hugh Osmond , a director of Various Eateries), has undertaken a transfer of shares in Various Eateries to certain other connected persons.  

 

The details are set out as follows

 

Transferring Party

Original Holding

Number of Shares Transferred

Price per Transferring Share

Total Shares remaining

Friends Provident International Ltd (FPI operates on an execution only basis on the sole instruction of Hugh Osmond)

5,513,484

5,513,484

76.5p

0

 

Receiving Party (each a PCA)

Original Holding

Number of Shares Received

Price per Transferring Share

Total Shares now held

Xercise2 Ltd, a company controlled by Hugh Osmond

31,922,772

5,513,484

76.5p

37,436,256

 

 

Following these transfers, Hugh Osmond's holding is deemed to be unchanged. He remains interested in 41,616,859 Ordinary Shares representing 46.76% of the total issued share capital of the Company of which 37,436,256 Ordinary Shares are held by Xercise 2 Limited, 3,174,603 Ordinary Shares are held by the Great House at Sonning Limited, nil Ordinary Shares are held by Friends Provident International (FPI operates on an execution only basis on the sole instruction of Hugh Osmond), 1,000,000 Ordinary Shares are held by Lucy Potter and 6,000 Ordinary Shares are held by his three children.

 

Enquiries

Various Eateries plc



Yishay Malkov

Chief Executive Officer

Via Alma PR

Andrew Bassadone

Executive Chairman


Oliver Williams

Chief Financial Officer


Hugh Osmond

Non-Executive Director





WH Ireland Limited

Sole Broker and Nominated Adviser

Tel: +44 (0) 20 7220 1666

Broking - Harry Ansell, Adam Pollock



Nomad - Katy Mitchell






Alma PR

Financial PR

Tel: +44 (0) 20 3405 0205

David Ison


[email protected]

Susie Hudson









 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Friends Provident International Ltd

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)

5,513,484 ordinary shares at 76.5p

d)

Aggregated information

Aggregated volume

Price

 

5,513,484 ordinary shares

76.5p

e)

Date of the transaction

24 November 2021

f)

Place of the transaction

London Stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Xercise2 Ltd

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)

5,513,484 ordinary shares at 76.5p

d)

Aggregated information

Aggregated volume

Price

 

5,513,484 ordinary shares

76.5p

e)

Date of the transaction

24 November 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 12 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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