Tasty PLC - London-based casual dining restaurant operator - Has 38 units open providing takeaway and delivery services only due to UK's third Covid-19 lockdown, with all of company's in-dining restaurants shut.
Has been successful in achieving rent reductions and lease concessions on more than half the estate. Firm continuing negotiations with landlords and other creditors over outstanding rents and, given the current third lockdown, now anticipates that this process will continue into at least March 2021.
Says bank facility announced in September has now been drawn down.
"The company continues to monitor developments affecting its restaurants in line with the continually changing UK restrictions," Tasty says.
Current stock price: 2.85 pence
Year-to-date change: down 9.5%
By Lucy Heming;Â lucyheming@alliancenews.com
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Tasty (TAST)