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Investor relations

The Company

Shepherd Neame is Britain’s Oldest Brewer, based in Kent since 1698. It is a family business with strong family involvement and a balance of Neame family members and non-family members on the Board of Directors.
The Company brews widely acclaimed 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. These beers are sold through various channels across the South East of England and nationally, and have a growing presence in international markets.

Company Overview

The Company owns and operates 328 high quality pubs and hotels throughout the South East of England, the majority of which are freehold sites. These pubs are a mixture of 267 tenanted, 54 managed operations, and 7 free of tie pubs, 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 provide numerous jobs and are important assets in their local communities.
 
The Company also owns various unlicensed properties and small landholdings, the largest of which is the 34 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

Issuer Name: Shepherd Neame Limited
Incorporated: 1914, in England under the registered number 138256
The Company is subject to the Companies Act 2006
VAT No.: GB472781717
Registered Office: 17 Court Street, Faversham, Kent, ME13 7AX
Main country of trading: United Kingdom
E-mail: company@shepherdneame.co.uk

Advisers

REGISTRAR AUDITORS
Computershare Investor Services plc
P.O. Box 82
The Pavilions
Bridgwater Road
Bristol BS99 6ZZ
Tel: 0370 702 0003
Dedicated Shareholder Number Tel: 0370 707 1291
Website: www.computershare.com

Deloitte LLP
2 New Street Square
London EC4A 3BZ
Website: www.deloitte.com

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

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

STOCKBROKERS

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

Panmure Gordon & Co
One New Change
London EC4M 9AF
United Kingdom 
Website: www.panmure.com

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 three 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 £3,600, was made to all eligible employees in January 2003, 2004, 2005, 2006, and November 2006, 2007, 2008, 2010, 2011, 2012, 2013, 2014 and 2015. 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 25 June 2016 was 134,271 and the number of ordinary shares distributable at this date was 79,231.  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 other two schemes are the Shepherd Neame 2005 Restricted Share Scheme and Shepherd Neame 2015 Restricted Share Scheme. The latter replaced the 2005 scheme following its cessation in 2015. Both schemes are for Senior Managers and Directors, including the highest paid Director and four other Directors. The schemes provide 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 in earnings per share and return on capital employed. The number of ordinary shares in the 2005 scheme outstanding at 25 June 2016 was 74,689 and the number of options over ordinary shares exercisable at this date is 7,695. The number of ordinary shares in the 2015 scheme outstanding at 25 June 2016 was 47,512 and there were no options over ordinary shares exercisable at this date. As the exercise of all 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 at 25 June 2016 was 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 at 25 June 2016, are:

Name Number of Ordinary Shares % of issued share capital
Luna Nominees Limited 1,217,057 8.19
Rulegale Nominees Limited 958,970 6.45
Lion Nominees Limited 652,314 4.39
MT Bolan 468,662 3.15
Smith & Williamson Nominees Limited 461,338 3.11

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. This page is updated every six months and was last modified in September 2016. 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.