Comptoir Group PLC Acquisition (8530R)
14 12월 2016 - 9:03PM
UK Regulatory
TIDMCOM
RNS Number : 8530R
Comptoir Group PLC
14 December 2016
Comptoir Group plc
("Comptoir" or the "Company")
Acquisition
Comptoir Group plc, the Lebanese canteen specialising in fresh,
healthy and affordable Lebanese dishes, is pleased to announce that
it has acquired the assets of Agushia Limited from administration.
Agushia Limited operates Lebanese themed restaurant under the Yalla
Yalla brand.
The acquisition cost for the company is GBP400,000 which the
Company will pay from its existing cash resources. Agushia Limited
for the year ended 30 April 2016 reported audited turnover of
GBP2.4million and a pre-tax loss of GBP10,000. The assets acquired
had an unaudited net value of GBP203,691 as at 31 October 2016.
As part of the acquisition Comptoir has acquired three Yalla
Yalla branded restaurants. Comptoir will continue, for the time
being, to operate each of the restaurants under the Yalla Yalla
brand.
14(th) December 2016
This announcement contains inside information.
Enquiries:
Comptoir Group plc
Chaker Hanna Tel: 0207 486 1111
Cenkos Securities plc (NOMAD and Broker)
Bobbie Hilliam Tel: 020 7397 8900
Alex Aylen
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 14, 2016 07:03 ET (12:03 GMT)
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