IN BRIEF: Tasty raises GBP9.3 million via placing and subscription

Tasty PLC - London-based casual dining restaurant operator - Raises GBP9.3 million before expenses through a placing of 1.70 billion shares and a subscription for 150.6 million new shares, both at 0.5p per share. The issue price represents an around 14% discount to the three-month volume weighted average share price of 0.58p on July 31. The firm's retail offer, announced on Friday, for up to GBP1 million will close on Wednesday. Proceeds will be used to invest in and improve the group's existing restaurants, technology and operations, as well as for acquisitions of other restaurant brands.

Current share price: 0.62 pence, down 24% in London on Monday

12-month change: down 55%

By Jeremy Cutler, Alliance News reporter

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