VARIOUS EATERIES PLC
("Various Eateries" or "the Company"
and with its subsidiaries "the Group")
PDMR Trading
Issue of Options
The Company confirms that it has issued options over 452,502 shares to certain employees and PDMRs of the Company, the details of the options issued to PDMRs are set out below (the "Options").
The Options are being granted under part a) and part b) of the Company's CSOP Share Scheme to incentivize key employees. Part a) options qualify as EMI options and part b) options are unapproved. The Options have an exercise price of 102.7p and vest equally over three years with the first vesting date being the first anniversary of the date of grant; they remain, however, conditional on the continued employment of the recipient at the date of vesting.
The details of the issue of Options issued to PDMRs of the Company under this new Scheme are as follows:
| Name of PDMR | Number of new options | Exercise Price | Total options held |
| Becky Rose | 29,111 (Part a) | 1.027 | - |
| Becky Rose | 63,291 (Part b) | 1.027 | 92,402 |
| | | | |
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
| 1 | Details of the person discharging managerial responsibilities | |||||||
| a) | Name | Rebecca Rose | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Head of Human Resources | ||||||
| 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 | 213800SWZ6W3RNE32B76 | ||||||
| 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 1 pence each
GB00BM9BZK23 | ||||||
| b) | Nature of the transaction | Issue of Options | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
92,402 102.7p | ||||||
| e) | Date of the transaction | 11 May 2021 | ||||||
| f) | Place of the transaction | London Stock Exchange (XLON) | ||||||
Enquiries
| Various Eateries plc | | |
| Andy Bassadone | Executive Chairman | Via Alma PR |
| Yishay Malkov | Chief Executive Officer | |
| Oli Williams | Chief Financial Officer | |
| | | |
| 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 |
| David Ison | | variouseateries@almapr.co.uk |
| Susie Hudson | | |
| Molly Gretton | | |
| | | |
About Various Eateries
Various Eateries owns, develops and operates restaurant and hotel 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), Oliver Williams (CFO) and Matt Fanthorpe (Chef Director, a non-board position).
The Group operates two core brands across eleven locations:
| · | Coppa Club, a multi-use, all day concept that combines restaurant, terrace, café, lounge, bar and work spaces |
| · | 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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