Companies Act and Aim Rules Compliance

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 28 June 2023. 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 ‘pubs with rooms’ division) and the selling of food and drink through it. As at 3 April 2023, it had 226 managed pubs and 1 tenanted pub, principally located in London and the South of England.

CURRENT CONSTITUTIONAL DOCUMENTS

MEMORANDUM OF ASSOCIATION

Please click here for a copy of this.

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

Please click here for a copy of this.

Most recently published half-yearly report

Please click here for a copy of this.

 

REGULATORY NEWS AND CIRCULARS

Please click here for company news

Please click here for inside information

 

 

BOARD MEMBERS: NAMES, BRIEF BIOGRAPHICAL DETAILS AND RESPONSIBILITIES

The company’s board comprises the following – please click here for brief biographical details and areas of responsibility:

Stephen Goodyear
(Chairman – Non-Executive)

Simon Dodd
(Chief Executive)

Mike Owen
(Chief Financial Officer)

Tracy Dodd
(People Director)

Mark Loughborough
(Retail Director)

Nick Miller
(Senior Independent and Non-Executive Director)

Ian McHoul
(Independent Non-Executive Director)

Torquil Sligo-Young
(Non-Executive Director)

Aisling Meany
(Independent Non-Executive Director)

Sarah Sergeant
(Independent Non-Executive Director)

Steve Cooke
(Independent Non-Executive Director)

SHARES

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 3 April 2023: 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 29 September 2023, 31.62% of the company’s then issued A shares were not in public hands and 31.79% 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 29 September 2023, 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 – 13.41%
  • Torquil Sligo-Young  (1) (2) – 12.74% 
  • James Young (1) – 11.20%
  • Caroline Chelton (1) – 10.08%
  • James Sharp & Co – 5.48%
  • BlackRock Investment Management Limited – 5.04%
  • Canaccord Genuity Wealth Management – 4.57%
  • Charles Stanley & Co Limited – 3.19%
  • Alice Parasram (2) – 3.30%

(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 – 16.52%
  • Lindsell Train Limited – 12.33%
  • James Sharp & Co – 8.26%
  • Soros Fund Management LLC – 7.84%
  • Janus Henderson Investors – 6.97%
  • NFU Mutual Unit Managers Limited – 5.71%
  • Martin Currie Investment Mgmt Limited – 3.61%
  • Jupiter Asset Management Limited – 3.42%

HOLDINGS OF VOTING RIGHTS NOTIFIED UNDER THE DISCLOSURE AND TRANSPARENCY RULES SOURCEBOOK

As at 5 October 2023, the company had been notified of the following holdings of 3% or more of the voting right in the company:

  • Octopus Investments Nominees Limited – 13.01%
  • Torquil Sligo-Young – 12.76% 
  • James Young – 11.20%
  • Caroline Chelton – 10.09%
  • BlackRock Investment Management (UK) Ltd – 5.94%
  • Canaccord Genuity Group Inc. – 5.5521%
  • Lindsell Train Limited – 4.892%
  • Alice Parasram – 3.30%
ADVISERS, BROKERS, BANKS AND OTHERS

STOCKBROKERS

J.P. Morgan Securities plc of 25 Bank Street, London E14 5JP

Stifel Nicolaus Europe Limited of 150 Cheapside, London EC2V 6ET

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

HSBC Bank Plc of 8 Canada Square, London E14 5HQ

Barclays Bank plc of 1 Churchill Place, London E14 5HP

NatWest Bank plc of 250 Bishopsgate, London EC2M 4RB

SOLICITORS

Slaughter and May of One Bunhill Row, London EC1Y 8YY

Gowling WLG (UK) LLP of Two Snowhill, Birmingham B4 6WR

CORPORATE GOVERNANCE

CORPORATE GOVERNANCE

To view this document please click here

 

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

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.

 

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.

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