Tasty Raises GBP2.5 Million In Placing To Fund Further Expansion

Fri, 11th Oct 2013 07:53

LONDON (Alliance News) - Restaurant group Tasty PLC Friday said it had raised GBP2.5 million by placing 2.5 million shares and will use the funds raised to fund a continued expansion in the number of restaurants it has.

The issue, which represents about 5.22% of the company's share issue, was a 4% discount to the closing middle market price Thursday.

Joint chief executive Samuel Kaye and Non-Executive Director Adam Kaye both subscribed for 150,000 shares in the placing.

Tasty shares last traded at 104 pence.

By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1

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