Various Eateries PLC Response to press speculation (6423V)
05 12월 2023 - 4:00PM
UK Regulatory
TIDMVARE
RNS Number : 6423V
Various Eateries PLC
05 December 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO
DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF THAT JURISDICTION.
This announcement contains certain inside information for the
purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
VARIOUS EATERIES PLC
("Various Eateries" or "the Company" and with its subsidiaries
"the Group")
Response to press speculation
The Company notes the recent press speculation and confirms that
it is in advanced stages of conducting a potential fundraising of
up to GBP12m at 25p, and a potential debt for equity conversion;
with any potential transaction subject to, amongst other matters,
shareholder approval. Accordingly there can be no guarantee that
any transaction will proceed.
The Group is well positioned to capitalise on the opportunities
that have been presented post Covid, particularly changes in
consumer behaviour, and also, both the availability and the
commercials of sites. Building upon the success of Coppa Club and
Noci, any monies raised from the transaction (less fees) would be
used to accelerate growth across the Group with the further rollout
of both brands.
Further updates will be provided in due course.
Contacts
Various Eateries Via Alma
plc
Andy Bassadone Executive Chairman
Sharon Badelek Chief Financial Officer
WH Ireland Limited Sole Broker and NOMAD Tel: +44 (0)20 7220 1666
Broking
Harry Ansell
Nominated Adviser
Katy Mitchell
Alma Financial PR Tel: +44 (0)20 3405 0205
David Ison variouseateries@almastrategic.com
Rebecca Sanders-Hewett
About Various Eateries
Various Eateries owns, develops and operates restaurant,
clubhouse and hotel sites in the United Kingdom. The Group's stated
mission is "great people delivering unique experiences through
continuous innovation".
The Group is led by a highly experienced senior team including
Hugh Osmond (Founder), Andy Bassadone (Executive Chairman), and
Sharon Badelek (CFO).
The Group operates three core brands across 18 locations:
-- Coppa Club, a multi-use, all day concept that combines
restaurant, terrace, café, lounge, bar and workspaces
-- Tavolino, a restaurant aiming to address a gap in the market
for high-quality Italian food at mid-market prices
-- Noci, a modern, neighbourhood pasta-only concept which serves
very high-quality dishes at reasonable prices
For more information visit www.variouseateries.co.uk
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END
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December 05, 2023 02:00 ET (07:00 GMT)
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