Richoux Group Regulatory News (RIC)

23 Oct 2007 16:15

Gourmet Holdings PLC23 October 2007 Gourmet Holdings Plc ("Gourmet" or the "Company") COMPLETION OF ACQUISITION Gourmet, the London restaurant/cafe operator, is pleased to announce thatfurther to the announcement dated 27 September 2007 it has completed theacquisition of Amato, the cafe/patisserie concept based in Old Compton Street,London, on 22 October 2007. In accordance with the terms of the acquisition the vendor, Shirepond Limited,has been issued 89,286 ordinary shares (the "Acquisition Shares") and 535,715options over the ordinary shares in Gourmet. The options can be exercised at anytime between three and six years from the date of completion at an exerciseprice of 28p, being the average of the three day mid market closing prices up toand including the day before completion. Admission of and trading in the Acquisition Shares is expected to commence at8.00 a.m. on 29 October 2007. Upon Admission, the Company's enlarged issuedshare capital will comprise 42,019,612 ordinary shares with voting rights. TheCompany does not hold any shares in treasury. This figure of 42,019,612Ordinary Shares may be used by shareholders in the Company as the denominatorfor the calculations by which they will determine if they are required to notifytheir interest in, or a change in their interest in, the share capital of theCompany under the FSA's Disclosure and Transparency Rules. 23 October 2007 Enquiries Gourmet Holdings 020 7491 3791Neil Blows Arbuthnot Securities 020 7012 2000Nick MarshPaul Vanstone College Hill 020 7457 2020Justine WarrenMatthew Smallwood This information is provided by RNS The company news service from the London Stock Exchange