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Pin to quick picksTasty Share News (TAST)

Share Price Information for Tasty (TAST)

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Share Price: 1.15
Bid: 1.00
Ask: 1.30
Change: 0.00 (0.00%)
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Open: 1.15
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Low: 1.15
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Tasty Raises GBP2M Via Placing, Sees 1Q Trading Profitable

Wed, 09th Jun 2010 07:22

LONDON (Dow Jones)--Tasty Plc (TAST.LN), a restaurant operator, announced Wednesday a placing to raise GBP2.0 million, with first quarter trading expected to be profitable. MAIN FACTS: -The company indicated that the first quarter trading had improved year on year and that the company expected to report a profitable first quarter in 2010. -The company has exchanged contracts on a property in Chelmsford with a view to opening a new Wildwood restaurant in the second half of 2010. -The Board has also committed to re-furbish an existing Dim-T in Gloucester Road, London into a Wildwood. -Following these actions the company will have twelve restaurants in operation - 7 Dim T and 5 Wildwood. -The Board expect Wildwood to be the core brand for future expansion. -The Board is pleased to report this positive trading has continued into the second quarter of 2010. -The Company also announced that it has raised GBP2.0 million, before expenses, through a placing of 10,000,000 new ordinary shares of 10 pence each at a price of 20 pence per share. -The Placing Price represents a discount of 7% to the closing middle market price of the company on June 8. -The net proceeds from the Placing will be used by the Company to fund the continued expansion of restaurants within the Company. -Shares closed Tuesday at 21.50 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com (END) Dow Jones Newswires June 09, 2010 02:22 ET (06:22 GMT)
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9 Apr 2024 13:06

Wildwood operator Tasty to shut around 20 sites as part of restructuring plan

(Sharecast News) - Restaurant operator Tasty said on Tuesday that it was planning to close around 20 loss-making sites as part of a restructuring, as it continues to "navigate through challenging times".

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27 Sep 2023 12:12

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(Alliance News) - Stock prices in London were in the red at midday on Wednesday as markets remained uneasy about the prospect of global interest rates staying elevated for longer.

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27 Sep 2023 11:38

Tasty shares plunge as interim loss widens on rising costs

(Alliance News) - Tasty PLC on Wednesday reported a widened half-year loss on higher costs, but the restaurant operator said it is adapting to mitigate inflationary cost pressures.

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27 Sep 2023 10:42

Rising bills, cost-of-living crisis hit Tasty's bottom line

(Sharecast News) - Casual dining operator Tasty reported minor first-half revenue growth on Wednesday, with a 0.9% increase year-on-year to £21.7m.

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27 Sep 2023 10:26

AIM WINNERS & LOSERS: Tasty's interim loss widens, shares plunge 31%

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 Mar 2023 16:15

Tasty swings to loss amid cost-of-living crisis

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IN BRIEF: Tasty CFO Mayuri Vachhani to step down and leave firm

Tasty PLC - London-based casual dining restaurant operator - Says Chief Finance Officer Mayuri Vachhani is stepping down and leaving the company on March 31 to "pursue other opportunities". She joined Tasty in 2018. Says Ian Davies will replace Vachhani, with effect from next Monday.

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19 Sep 2022 12:35

IN BRIEF: Restaurateur Tasty warns inflation pressure hurting sales

Tasty PLC - London-based casual dining restaurant operator, including the 'dim t' and Wildwood brands - Pretax loss in half year that ended June 26 remains unchanged from a year before at GBP2.7 million, despite a nearly doubling in revenue to GBP21.5 million from GBP11.6 million. Other income drops to GBP213,000 from GBP2.1 million.Total operating expenses jump to GBP2.8 million from GBP628,000 due to a GBP1.6 million impairment charge versus none a year before. It operated 51 of its 54 restaurants during the recent six months.

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23 Jun 2022 21:28

TRADING UPDATES: FirstGroup extends takeover date; Tasty repays debt

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