Additional Listing (0504N)
25 August 2011 - 2:11PM
UK Regulatory
TIDMCPUB
RNS Number : 0504N
Capital Pub Company PLC (The)
25 August 2011
The Capital Pub Company plc
("Capital Pub Company" or the "Company" or together with its
subsidiaries, "the Group")
Exercise of options & exchange of shares, issue of new
ordinary shares and Directors' holdings
Exercise of options and exchange of shares
Capital Pub Company announces that pursuant to the Company's
existing Management Incentive Plan ("the Plan") options have been
exercised over, in aggregate, 768,847 ordinary shares of 50p each
in the Company ("Ordinary Shares"). In addition 500,000 Plan Shares
(being ordinary shares in the capital of the Company's trading
subsidiary, Capital Pub Company Trading Limited) previously held by
the participants in the Plan have been exchanged by such
participants for, in aggregate, 1,233,379 Ordinary Shares.
The exercise of these options and the exchange of the Plan
Shares which were effective on 19 August 2011 has been satisfied
through the issue of 2,002,226 new Ordinary Shares.
These shares have been issued in accordance with the terms of
the Plan and the Company's existing allotment authorities and with
the consent of Greene King plc.
Of the 2,002,226 new Ordinary Shares allotted, the Directors of
the Company exercised options at a strike price of 50p and were
issued with new Ordinary Shares in exchange for their Plan Shares
as follows:
Options to acquire Ordinary
Ordinary Shares Shares issued
exercised at in exchange
a strike price for Plan
Director of 50p Shares Total
-------------- ------------------- --------------- --------
David Bruce 415,367 530,687 946,054
-------------- ------------------- --------------- --------
Nicholas
Collins 5 52,548 52,553
-------------- ------------------- --------------- --------
Alexander
Derrick 6 64,356 64,362
-------------- ------------------- --------------- --------
Clive Watson 353,463 530,687 884,150
-------------- ------------------- --------------- --------
Issue of new Ordinary Shares
Application has been made for the 2,002,226 new Ordinary Shares
to be admitted to trading on AIM and dealings in the new Ordinary
Shares are expected to become effective on 30 August 2011
("Admission"). The new Ordinary Shares will rank pari passu with
the Company's existing Ordinary Shares. All of the new Ordinary
Shares which have been issued to the Directors are subject to the
terms of the irrevocable undertakings that such Directors have
granted to Greene King plc in relation to Greene King plc's offer
to acquire the entire issued share capital of the Company, which
was declared unconditional as to acceptances on 22 August 2011.
Following Admission, the total issued share capital of the
Company will be 28,970,175 Ordinary Shares, all of which have
voting rights.
The above figure 28,970,175 may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company.
Holdings of the Directors who participated in the Plan
As a result of the above transactions the Directors' holdings in
the Company are as follows:
Number of % of total issued
Director shares share capital
------------------- ---------- ------------------
David Bruce 1,116,978 3.9%
------------------- ---------- ------------------
Nicholas Collins 315,291 1.1%
------------------- ---------- ------------------
Alexander Derrick 92,100 0.3%
------------------- ---------- ------------------
Clive Watson 2,919,030 10.1%
------------------- ---------- ------------------
25 August 2011
Enquiries:
Capital Pub Company Tel: 020 7589 4888
Clive Watson, Chief Executive
Nick Collins, Finance Director
Panmure Gordon Tel: 020 7459 3600
Adam Pollock
Andrew Godber
College Hill Tel: 020 7457 2020
Justine Warren
Matthew Smallwood
This information is provided by RNS
The company news service from the London Stock Exchange
END
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