COMPANIES ACT AND AIM RULES COMPLIANCE
YOUNG & CO.’S BREWERY, P.L.C.
The following information relates to Young & Co.’s Brewery, P.L.C. (the “company”), a public limited company. It was last updated on 9 June 2022. Apart from those sections marked with an asterisk, the following information is being disclosed for the purposes of rule 26 of the AIM Rules.
REGISTERED OFFICE AND COMPANY NUMBER
Registered office*
Copper House
5 Garratt Lane
Wandsworth
London SW18 4AQ
Registered number*: 32762
GENERAL
Country of incorporation: England
Place of registration*: England and Wales
Main country of operation: England
BUSINESS DESCRIPTION
The group’s principal activities are the management and operation of its pub estate (including its hotel division) and the selling of food and drink through it. As at 28 March 2022, it had 219 managed pubs and 3 tenanted ones, principally located in London and the South East.
CURRENT CONSTITUTIONAL DOCUMENTS
MEMORANDUM OF ASSOCIATION
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Articles of association and copies of resolutions required to accompany them
Please click here for a copy of the articles of association and here for a copy of the resolutions required to accompany them.
SHAREHOLDER REPORTS
Most recently published annual report
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Most recently published half-yearly report
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REGULATORY NEWS AND CIRCULARS
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Please click here for inside information
The company’s board comprises the following – please click here for brief biographical details and areas of responsibility:
Stephen Goodyear
(Chairman – Non-Executive)
Patrick Dardis
(Chief Executive)
Mike Owen
(Chief Financial Officer)
Simon Dodd
(Chief Operating Officer)
Tracy Dodd
(People)
Nick Miller
(Non-Executive and Senior Independent)
Ian McHoul
(Non-Executive)
Torquil Sligo-Young
(Non-Executive)
Aisling Meany
(Non-Executive)
UK CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”)
The company is subject to the Code.
EXCHANGES OR TRADING PLATFORMS ON WHICH THE COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES ADMITTED OR TRADED
The company’s shares are traded on AIM. There are no other exchanges or trading platforms on which the company has applied or agreed to have its shares admitted or traded.
NUMBER OF SHARES IN ISSUE (INC. TREASURY SHARES)
As at 1 June 2022: 34,413,847 A ordinary shares of 12.5p each and 24,070,755 non-voting ordinary shares of 12.5p each. All shares are fully paid. No shares are held as treasury shares.
PERCENTAGE OF SHARES NOT IN PUBLIC HANDS
So far as the company was aware, as at 4 March 2022, 32.02% of the company’s then issued A shares were not in public hands and 32.18% of the company’s then issued non-voting shares were not in public hands.
IDENTITY AND PERCENTAGE HOLDINGS OF SIGNIFICANT SHAREHOLDERS
So far as the company was aware, as at 14 June 2022, the identity and percentage holdings of the company’s significant shareholders (based on the then issued share capital) was as follows:
A shares
- Octopus Investments Limited – 12.83%
- Torquil Sligo-Young (1) (2) – 12.75%
- James Young (1) – 11.20%
- Caroline Chelton (1) – 10.09%
- James Sharp & Co – 5.85%
- BlackRock Investment Management Limited – 4.88%
- Canaccord Genuity Wealth Management – 4.32%
- Charles Stanley & Co Limited – 3.49%
- Alice Parasram (2) – 3.30%
- Janus Henderson Investors – 3.00%
(1) A 9.35% holding is common across Torquil Sligo-Young, James Young and Caroline Chelton
(2) A 2.43% holding is common across Torquil Sligo-Young, Alice Parasram and a third party
Non-voting shares
- Invesco Asset Management – 16.18%
- Lindsell Train Limited – 12.91%
- Soros Fund Management LLC – 8.21%
- James Sharp & Co – 6.59%
- Janus Henderson Investors – 6.39%
- NFU Mutual Unit Managers Limited – 5.96%
- Jupiter Asset Management Limited – 3.55%
- Franklin Templeton Investments – 3.22%
HOLDINGS OF VOTING RIGHTS NOTIFIED UNDER THE DISCLOSURE AND TRANSPARENCY RULES SOURCEBOOK
As at 1 March 2022, the company had been notified of the following holdings of 3% or more of the voting right in the company:
- Torquil Sligo-Young – 12.76%
- James Young – 11.20%
- Octopus Investments Nominees Limited – 12.10%
- Caroline Chelton – 10.09%
- Canaccord Genuity Group Inc. – 5.5521%
- BlackRock Investment Management (UK) Ltd – 5.07%
- Lindsell Train Limited – 4.892%
- Alice Parasram – 3.30%
STOCKBROKERS
J.P. Morgan Securities plc of 25 Bank Street, London E14 5JP
Panmure Gordon (UK) Ltd of One New Change, London EC4M 9AF
NOMINATED ADVISER
J.P. Morgan Securities plc of 25 Bank Street, London E14 5JP
REGISTRAR
Computershare Investor Services PLC of The Pavilions, Bridgwater Road, Bristol BS99 6ZZ
AUDITOR
Ernst & Young LLP of 1 More London Place, London SE1 2AF
BANKS
Royal Bank of Scotland Group plc of Corporate Banking London, 280 Bishopsgate, London EC2M 4RBB
Barclays Bank plc of 1 Churchill Place, London E14 5HP
HSBC Bank Plc of 8 Canada Square, London E14 5HQ
SOLICITORS
Slaughter and May of One Bunhill Row, London EC1Y 8YY
Gowling WLG (UK) LLP of Two Snowhill, Birmingham B4 6WR
CORPORATE GOVERNANCE
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AUDIT COMMITTEE
Please view the above corporate governance document first then click here for the committee’s full terms of reference; they set out its other responsibilities.
REMUNERATION COMMITTEE
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DISCLOSURE COMMITTEE
Please view the above corporate governance document first and then click here for the committee’s full terms of reference; they set out its other responsibilities.