City Pub Group PLC (The) Board Changes (7344E)
10 November 2020 - 6:00PM
UK Regulatory
TIDMCPC
RNS Number : 7344E
City Pub Group PLC (The)
10 November 2020
City Pub Group PLC
("City Pub Group" or the "Company")
Board Changes
The Board of City Pub Group is pleased to announce the
appointment of Toby Smith to the Board as Chief Operating Officer
of the Company, a newly created role, with effect from 10 November
2020.
Toby is a very experienced and senior operator with over 25
years' experience in UK hospitality. He has held CEO roles with
Stonegate Pub Company, Novus Leisure and Town and City Pub Company.
Prior to these, he also held senior roles at Laurel Pub Company,
Spirit Group and Scottish and Newcastle Retail.
In light of the current trading conditions, Alex Derrick, Joint
Managing Director, by mutual agreement, will step down from the
Board and leave the Company on 10 November. The Board wishes to
extend its thanks to Alex for the considerable part he has played
in the Company's development from the outset and wishes him all the
best for the future.
Clive Watson, Executive Chairman of City Pub Company, said:
"The challenges of COVID will also bring opportunity and we are
seeking to position ourselves to take advantage of opportunities
which undoubtedly will arise.
The pub estate has been locked down far more effectively than
the first time. All retail staff and a large number of Head Office
staff are now on furlough. We intend to run our existing estate in
the most efficient manner and our infrastructure is scalable for
the next part of the journey when the pandemic is behind us.
We welcome Toby to the business to accelerate the work that has
been ongoing to achieve these goals. I and the Board look forward
to working with him to build an even stronger, better business for
the future."
10 November 2020
Enquiries:
City Pub Group Via Instinctif Partners
Clive Watson, Chairman
Tarquin Williams,
CFO
Instinctif Partners +44 (0) 20 7457 2020
Matthew Smallwood
Jack Devoy
Liberum (NOMAD & Broker) +44 (0) 20 3100 2000
Chris Clarke
Edward Thomas
Clayton Bush
Regulatory disclosures:
The following disclosures in relation to the appointment of Toby
Coultas Smith, aged 50, are required pursuant to Schedule 2(g) of
the AIM Rules for Companies.
Previous directorships and partnerships (held in the past five
years):
A3D2 Limited
Balls Brothers (Emporium) Limited
CCL 001 Limited
CCL 002 Limited
Coffeesmiths (North) Limited
Filmore And Union Restaurants Limited
Hungerford House Limited
Langley Hotels Limited
Late Night London Limited
London Pavilion II Limited
Mabels Bar Limited
Novus Bars Limited
Novus Leisure Group Limited
Novus Leisure Limited
Roasted Rituals Coffee Ltd
Small Batch Coffee Company Limited
Survivor Group Holdings Limited
Tank Heddon Limited
Tiger Tiger Limited
Trinity Bars Services Limited
Trocadero Holdings Limited
Trocadero Leisure Limited
Trocadero London Limited
Trocadero Management Services Limited
Trocadero No. 2 Limited
Toby Smith served as a Director of Coffeesmiths (North) Limited,
Filmore and Union Restaurants Limited, CCL 001 Limited and CCL 002
Limited (the "Companies") until 28 February 2020. Coffeesmiths
(North) Limited and Filmore and Union Restaurants Limited entered
into a creditors voluntary liquidation ("CVL") on 24 July 2020. CCL
001 Limited entered into a CVL on 7 August 2020 and CCL 002 Limited
entered into a CVL on 20 July 2020. The Companies have not yet been
dissolved.
Toby served as Director of Survivor Group Limited until the
company was dissolved on 15 December 2015. The company entered into
administration on 21 May 2015. All creditors save for equity owners
were repaid in full.
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