Company Announcements

Schedule 1 update - The City Pub Group plc

Source: RNS
RNS Number : 0062X
AIM
21 November 2017
 

 

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")


COMPANY NAME:

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

 

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Essel House

2nd Floor

29 Foley Street

London W1W 7TH

 

COUNTRY OF INCORPORATION:

United Kingdom

 

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

http://www.citypubcompany.com

 

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

The City Pub Group owns and operates an estate of premium pubs across southern England. The Group's pub estate comprises 34 free houses largely in London, cathedral cities and market towns, each of which is focused on appealing specifically to its local market. The Group's portfolio consists of predominantly freehold, managed pubs, offering a wide range of high quality drinks and food tailored to each of its pubs customers.

 

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Number of ordinary shares of 50p each in nominal value ("Ordinary Shares") for which Admission will be sought: 56,467,333

Issue price per new Ordinary Share: 170p

There are no restrictions as to the transferability of the Ordinary Shares.

No Ordinary Shares will be held in treasury on Admission.

 

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised on Admission: c.£46.6m

 

Market capitalisation on Admission: c.£96.0m

 

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

c.19.5%

 

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

N/A

 

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Clive Royston Watson (Executive Chairman)

Tarquin Owen Williams (Chief Financial Officer)

Rupert James Lindsay Clark (Managing Director)

Alexander John Derrick (Managing Director)

Alexander David Michael Bruce (Non-executive Director)

Richard John Roberts (Non-executive Director)

Richard Prickett  (Independent Non-executive Director)

 

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

 


Before Admission1

On Admission


Shareholder

Number of Ordinary Shares

% Ordinary Shares

Number of Ordinary Shares

% Ordinary Shares

 

Unicorn AIM VCT Plc

 


3,303,870

 

9.2%

3,303,870

5.9%

 

Clive Royston Watson

 

2,530,268

7.1%

2,252,882

4.0%

Hargreave Hale Limited

N/A

N/A

6,000,000

10.6%

Franklin Templeton Fund Management Limited

N/A

N/A

2,500,000

4.4%

Otus Capital Management Limited

N/A

N/A

2,400,000

4.3%






1 Assumes completion of the IPO share reorganisation and, in relation to Clive Watson, the exercise of EMI options into Ordinary Shares upon admission and issue of Ordinary Shares pursuant to an executive bonus upon Admission.

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

N/A

(i)         ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i)      Last Sunday in December

(ii)      25 June 2017

(iii)     30 June 2018 (53 week audited full year accounts to 31 December 2017)

          1 October 2018 (26 week unaudited accounts to 1 July 2018)

          30 June 2019 (52 week audited full year accounts to 30 December 2018)

 

EXPECTED ADMISSION DATE:

23 November 2017

 

NAME AND ADDRESS OF NOMINATED ADVISER:

Liberum Capital Limited

Ropemaker Place

25 Ropemaker Street

London

EC2Y 9LY

 

NAME AND ADDRESS OF BROKER:

Liberum Capital Limited

Ropemaker Place

25 Ropemaker Street

London

EC2Y 9LY

 

Joh. Berenberg, Gossler & Co. KG,

London Branch

60 Threadneedle Street

London EC2R 8HP

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

A copy of the admission document containing full details about the applicant and the  admission of its securities will be available on the Company's website at: http://www.citypubcompany.com

DATE OF NOTIFICATION:

21 November 2017

 

NEW/ UPDATE:

Update

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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