Business
Admission and First Day of Dealings
Admission and First Day of Dealings.
About this update from Comptoir Group Plc
[{"type":"text","content":"\n \nRNS Number : 6937B Comptoir Group PLC 21 June 2016 \n\nComptoir Group plc \n(\"Comptoir\" or the \"Company\")\nAdmission and First Day of Dealings\nComptoir Group plc is pleased to announce its admission to trading on AIM today. Dealings in the Company's ordinary shares will trade under the TIDM \"COM\".\n \nComptoir owns and/or operates Lebanese and Eastern Mediterranean restaurants. The core restaurant brand of the Company is Comptoir Libanais. The Company operates 11 Comptoir Libanais restaurants and also generates franchise revenue by franchising the Comptoir Libanais brand to other restaurant operators. The Company also operates two smaller Lebanese and Eastern Mediterranean outlets under the Shawa brand and a further two standalone high end restaurants, called Levant and Kenza.\n \nFurther details can be found on the Company's website at www.comptoirlibanais.com. \n \nSummary of the placing\n· The placing raised £16.0 million (gross), of which £8.0 million was raised by the Company to expand the number of restaurants operated by the Company and £8.0 million was raised for selling shareholders.\n· The number of ordinary shares in issue immediately after admission will be 96,000,000, giving the Company a market capitalisation of £48.0 million at the placing price of 50 pence per ordinary share.\n· Cenkos Securities is acting as Nominated Adviser and Broker to the Company.\n \nChaker Hanna, CEO of Comptoir, commented: \"Today marks an important milestone in the development of Comptoir. Our listing provides us with the platform to accelerate the growth of the business, allowing us to bring our fresh, healthy, Lebanese dining experience to many more people across the UK.\"\n \n21 June 2016\n \nEnquiries: \n \nComptoir Group plc\nChaker Hanna Tel: 0207 486 1111\n \nCenkos Securities plc (NOMAD and Broker)\nBobbi...