Business
Admission to AIM & First Day of Dealings
Admission to AIM & First Day of Dealings.
About this update from Tortilla Mexican Grill Ltd.
[{"type":"text","content":"\n \n \n \n RNS Number : 4789O\n Tortilla Mexican Grill PLC\n 08 October 2021\n \n \n \n \n \n \n \n \n \n \n Tortilla Mexican Grill plc\n \n \n (\"\n Tortilla\n \", the \"Company\" or the \"Group\")\n \n \n \n \n \n ADMISSION TO AIM AND FIRST DAY OF DEALINGS\n \n \n \n \n \n Tortilla Mexican Grill plc (AIM: MEX), the largest and most successful fast-casual Mexican restaurant group in the UK, is pleased to announce that admission of its entire issued and to be issued share capital to trading on the AIM market of the London Stock Exchange will become effective and dealings will commence at 8.00 a.m. today under the ticker \"MEX\" and with the ISIN GB00BNYDGZ21.\n \n \n \n \n \n Tortilla offers a high-quality, affordable and freshly prepared California-style Mexican menu comprising high quality, fresh and customisable products including burritos, tacos and salads. The Company operates through multichannel order strategy, offering customers dine in, self-serve, take away, click and collect and delivery options. Its leading customer proposition is accessible to customers through Tortilla's 62-strong restaurant estate, comprising 50 owned and 12 franchised locations across the UK and Middle East, as well as through an exclusive nationwide partnership with Deliveroo and its growing estate of cloud kitchens.\n \n \n \n \n \n Tortilla is strongly positioned to capitalise on significant growth opportunities to accelerate its growth strategy through the roll-out of new sites, franchising opportunities, cloud kitchens, strategic partnerships, and carefully selected international opportunities.\n \n \n \n \n \n On 30 September 2021, Tortilla announced a fundraising which has today completed. The fundraising, which was comfortably oversubscribed by high quality institutional investors, included the placing of 2,762,431 new ordinary shares of 1 pence each (\"Ordinary Shares\") and the placing of 12,715,902 existing Ordinary Shares, both at a price of 181 pence per share (the \"Placing Price\"), raising gross proceeds of £5.0 million for the Company and £23.0 million for selling shareholders. At the Placing Price, the Company's market capitalisation is approximately £70 million. \n \n \n \n \n \n The Company's Admission Document is available to view on the Company's website at \n \n \n http...