Company Overview

Shepherd Neame is Britain’s Oldest Brewer, based in Kent, since 1698. It is a family business with strong family engagement and a balance of Neame family members and non-family members on the Board of Directors. For so long as Neame family members hold, in aggregate, 20 per cent. or more of the issued ordinary share capital of the Company, at least three Directors of the Company shall be Neame family members (for further information please refer to Article 88 of the Company’s Articles of Association). The Company brews widely acknowledged premium ales including ‘Spitfire’, ‘Whitstable Bay Pale Ale’ and ‘Bishops Finger’, as well as internationally renowned lagers such as ‘Asahi Super Dry’ and ‘Samuel Adams Boston Lager’ from its brewery in Faversham where around 280 people are employed. These beers are sold through various channels through the South East and nationally and have a growing presence in international markets such as the US and Canada.

The Company owns and operates around 350 quality pubs and hotels throughout the South East of England the majority of which are freehold sites. These pubs are a mixture of 304 tenanted and 46 managed operations where the company’s beer products are sold alongside wine and food and a growing accommodation business that totals around 500 letting rooms. Our pubs employ around 850 people directly and many more indirectly through tenancy and are important assets in their local communities.

The Company also owns various unlicensed properties and small landholdings, the largest of which is the 44 acre residual holding of the Queen Court farm in Ospringe near Faversham, where hop farming was carried out until 1986, and a separate 9 acre holding on the edge of Faversham.

Company Information

Shepherd Neame Limited. Registered in England under Company No. 138256. The Company is subject to the Companies Act 2006.

Registered Office:

17 Court Street, Faversham, Kent, ME13 7AX

Main country of trading: United Kingdom

E-mail: company@shepherdneame.co.uk

VAT No. GB472781717

Advisers

Registrars

Computershare Investor Service plc
P.O. Box 82
The Pavilions
Bridgewater Road
Bristol
BS99 6ZY
Tel: 0870 702 0000
Dedicated Shareholder Number Tel: 0870 707 1291
Web Site: www.computershare.com

Financial PR

Kreab Gavin Anderson
Scandinavian House
2-6 Cannon Street
London
EC4M 6XJ
Tel: 020 7074 1800
Web Site: www.kreabgavinanderson.com

Stockbrokers

JP Morgan Cazenove Limited
25 Bank Street
Canary Wharf
London
E14 5JP
Website: www.jpmorgan.com

Charles Stanley Securities
131 Finsbury Pavement
London
EC2A 1NT
Website: www.charles-stanley.co.uk

Auditors

Deloitte LLP
2 New Street Square
London
EC4A 3BZ
 
Corporate Adviser
 
JP Morgan Cazenove Limited
25 Bank Street
Canary Wharf
LondonE14 5JP
Website: www.jpmorgan.com

Legal Adviser

Travers Smith LLP
10 Snow Hill
London EC1A 2AL
Website: www.traverssmith.com

Bankers

National Westminster Bank plc
13 Market Place
Faversham
Kent
ME13 7EF

James Sharp & Co
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN
Website: www.jamessharp.co.uk

Shares

Shepherd Neame Limited currently has in issue 14,857,500 Ordinary Shares, each with a nominal value of 50 pence.
 
Shepherd Neame Ordinary Shares are admitted to trading on the ISDX Growth Market operated by ICAP.  Shares admitted to trading on the ISDX Growth Market are qualifying investments for stocks and shares ISAs.
 
The Company's Ordinary Shares are admitted as a participating security on the CREST clearing system.
 
The Company operates two share-based payment schemes and satisfies the exercise of options by buying Ordinary Shares in the market. One is the Shepherd Neame Employee Share Incentive Plan (SIP), open to all employees with 18 months service at the award date. A free award of Ordinary Shares, based on length of service and salary and subject to a maximum of £3,000, was made to all eligible employees in January 2003, 2004, 2005, 2006, and November 2006, 2007, 2008, 2010, 2011, 2012 and 2013. Participants are entitled to these free shares from three years after the date of the award if they remain in the Company’s employment. The number of Ordinary Shares in this scheme outstanding at 30 April 2014 was 135,468 and the number of Ordinary Shares distributable at this date was 75,441. As the exercise of these options is satisfied by buying Ordinary Shares in the market there will be no dilution for existing shareholders on exercise.
 
The second scheme is the Shepherd Neame 2005 Restricted Share Scheme, which is for Senior Managers and Directors, including the highest paid Director and five other Directors. The scheme provides for the grant of primary and secondary share options, which are exercisable three years after the date of the award. The secondary options are awarded if the Company achieves certain performance criteria in relation to growth of profits in excess of RPI. The number of Ordinary Shares in this scheme outstanding at 30 April 2014 was 131,595 and the number of  Ordinary Shares exercisable at this date was 7,023. As the exercise of these options is satisfied by buying Ordinary Shares in the market there will be no dilution for existing shareholders on exercise.
 
The percentage of Ordinary Shares in public hands is 73% as defined in accordance within ISDX Growth Market rules (being all Ordinary Shares not held by related parties (including directors and their family and connected persons), relevant employees and persons (or persons acting in concert) who have an interest in 5% or more of the relevant shares).
The interests of substantial shareholders in the issued share capital (over 3% of Ordinary Shares) of the Company, as notified to the Company, are:
 

Name Number of “A” Ordinary Shares % of issued share capital
Chase Nominees Limited 1,015,251 6.83
Rulegale Nominees Limited 867,613 5.84
MT Bolan 468,662 3.14
Lion Nominees Limited 454,925 3.06

Articles of Association

The Company's Articles of Association are available on request from The Company Secretary, 17 Court Street, Faversham, Kent, ME13 7AX or by email.

Disclaimer

While Shepherd Neame Limited takes every precaution as regards the content and presentation of information on any part of this website, no warranty is given as to the completeness or accuracy of the information given. Therefore, to the full extent permissible by the applicable law, Shepherd Neame Limited shall not have any liability in respect of such information or for any use of such information by any person.

While the Company takes reasonable care to ensure the accuracy of the information on its website, it shall not be held responsible for any losses or liabilities arising from the use of the information. No information on this site constitutes, or shall be deemed to constitute, an invitation or recommendation to invest or otherwise deal in the Company’s shares or any other securities of the Company. Nor does the information constitute an offer to sell or a solicitation of an offer to buy any such shares or securities. For the purpose of the UK Financial Services and Markets Act 2000, nothing contained in this site is a 'financial promotion' nor does any statement constitute investment advice.

Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser.