Business
Firm Placing and Open Offer and Notice of GM
Firm Placing and Open Offer and Notice of GM.
About this update from Bow Street Group Plc.
[{"type":"text","content":"\n \nRNS Number : 9791V Tasty PLC 12 April 2019 \n\nNot for publication, distribution or release directly or indirectly, in whole or in part, in or into the United States of America, Canada, Australia, Japan, the Republic of Ireland, the Republic of South Africa, New Zealand, Cayman Islands, Barbados, Switzerland, the State of Kuwait or Singapore in or into any other jurisdiction where offers or sales would be prohibited by applicable law. This announcement is for information purposes only and is not an offer to sell or a solicitation to buy securities in Tasty plc or any other entity in any jurisdiction, including the United States of America, Canada, Australia, Japan, the Republic of Ireland, the Republic of South Africa, New Zealand, Cayman Islands, Barbados, Switzerland, the State of Kuwait or Singapore.\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the EU Market Abuse Regulation (596/2014). Upon the publication of the announcement via a regulatory information service, this information is considered to be in the public domain.\n12 April 2019\nTasty plc\n \n(\"Tasty\" or the \"Company\")\n \nFirm Placing and Open Offer to raise up to £3.25 million\nShare capital reorganisation\nAdoption of new articles of association\nAuthority to allot shares and waiver of pre-emption rights\nand\nNotice of General Meeting\n \nTasty (AIM: TAST), the owner and operator of 57 restaurants in the casual dining sector, announces a conditional Firm Placing and Open Offer to raise up to £3.25 million before expenses. The Firm Placing has been undertaken with new and existing institutional investors in the Company.\nHighlights:\n· Proposed conditional Firm Placing to raise £3.0 million through the issue of 75,000,000 Firm Placing Shares to new and existing institutional and other investors at 4 pence per Firm Placing Share\n· Proposed Open Offer to raise up to approximately £0.25 million through the issue of up to 6,294,262 Open Offer Shares to Qualifying Shareholders at 4 pence per Open Offer Share\n· The net proceeds of the Transaction will be used to pay down debt and for general working capital purposes\n· &n...