Business
Response to press speculation
Response to press speculation.
About this update from Coppa Collective Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n \nThis announcement contains certain inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \nVARIOUS EATERIES PLC\n \n(\"Various Eateries\" or \"the Company\" and with its subsidiaries \"the Group\")\n \nResponse to press speculation\n \n \nThe Company notes the recent press speculation and confirms that it is in advanced stages of conducting a potential fundraising of up to £12m at 25p, and a potential debt for equity conversion; with any potential transaction subject to, amongst other matters, shareholder approval. Accordingly there can be no guarantee that any transaction will proceed.\n \nThe Group is well positioned to capitalise on the opportunities that have been presented post Covid, particularly changes in consumer behaviour, and also, both the availability and the commercials of sites. Building upon the success of Coppa Club and Noci, any monies raised from the transaction (less fees) would be used to accelerate growth across the Group with the further rollout of both brands.\n \nFurther updates will be provided in due course.\n \nContacts\n \n\n\n\n\nVarious Eateries plc \n\n\n\n\n\n Via Alma\n\n\n\n\nAndy Bassadone \n\n\nExecutive Chairman \n\n\n\n\n\n\n\nSharon Badelek \n\n\nChief Financial Officer \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWH Ireland Limited \n\n\nSole Broker and NOMAD \n\n\nTel: +44 (0)20 7220 1666 \n\n\n\n\nBroking \nHarry Ansell \n\n\n\n\n\n\n\n\n\n\nNominated Adviser \nKaty Mitchell \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAlma \n\n\nFinancial PR \n\n\nTel: +44 (0)20 3405 0205 \n\n\n\n\nDavid Ison \n\n\n\n\n\[email protected] \n\n\n\n\nRebecca Sanders-Hewett \n\n\n\n\n\n\n\n\n\n\n \nAbout Various Eateries \n \nVarious Eateries owns, develops and operates resta...