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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
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Tasty raising £3.25m to pay down debt

Fri, 12th Apr 2019 15:22

(Sharecast News) - Casual dining restaurant operator Tasty announced a conditional firm placing and open offer to raise up to £3.25m before expenses on Friday.The AIM-traded company said the firm placing had been undertaken with new and existing institutional investors.It said the proposed conditional firm placing would raise £3.0m through the issue of 75,000,000 shares to new and existing institutional and other investors, at a price of 4p each.The proposed open offer would raise up to around £0.25m through the issue of up to 6,294,262 open offer shares to qualifying shareholders, also at a price of 4p each.Tasty said the net proceeds of the transaction would be used to pay down debt, and for general working capital purposes.The transaction remained conditional on a general meeting, to be held at 1100 BST on 1 May."This is an important fundraise for Tasty as it will enable us to continue our strategic plans with vigour," said chairman Keith Lassman."We are delighted with the level of investor support for the placing and we would like to thank our shareholders for their continued support."
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9 Apr 2024 15:42

Tasty to close 22 sites in restructuring amid "challenging times"

(Alliance News) - Tasty PLC on Tuesday announced a restructuring plan to combat "difficult recent trading conditions", and struck a loan agreement to bolster its coffers and "stabilise the company" in 2024.

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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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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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30 May 2023 15:45

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30 Mar 2023 16:15

Tasty swings to loss amid cost-of-living crisis

(Sharecast News) - Casual dining operator Tasty reported a 26% improvement in full-year revenue on Thursday, to £44m, despite facing inflationary pressures on labour, food, and utilities.

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17 Feb 2023 11:08

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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