Business Interruption Claim update

About this update from Coppa Collective Plc

RNS Number : 7475D Various Eateries PLC 01 July 2021   1 July 2021   VARIOUS EATERIES PLC ("Various Eateries" or "the Company" and with its subsidiaries "the Group")   Business Interruption Claim update   Various Eateries plc, the owner, developer and operator of restaurant, clubhouse and hotel sites in the United Kingdom, which received a Business Interruption Payment of £2.5m in December 2020, announces that to enable it to obtain certainty on the amount of the balance of insurance proceeds due to it, it is collaborating with Allianz, its insurer, to seek judicial determination over a number of issues affecting Various Eateries' business interruption claim for Covid-19-related losses under a Marsh Resilience policy (known in the FCA test case as RSA4) which were left unresolved by the court following the FCA test case.     Enquiries   Various Eateries plc Andy Bassadone Executive Chairman Via Alma PR Yishay Malkov Chief Executive Officer Oli Williams Chief Financial Officer WH Ireland Limited Sole Broker and Nominated Adviser Tel: +44 (0)20 7220 1666 Broking Harry Ansell, Adam Pollock Nominated Adviser Katy Mitchell, Lydia Zychowska Alma PR Financial PR Tel: +44 (0)20 3405 0205 David Ison [email protected] Susie Hudson Molly Gretton   About Various Eateries   Various Eateries owns, develops and operates restaurant, clubhouse and hotel sites in the United Kingdom. The Group's stated mission is "great people delivering unique experiences through continuous innovation".   The Group is led by a highly experienced senior team including Andy Bassadone (Executive Chairman), Hugh Osmond (Founder), Yishay Malkov (CEO), Oliver Williams (CFO) and Matt Fanthorpe (Chef Director, a non-board position).   The Group operates two core brands across 11 locations:   · Coppa Club, a collection of clubhouses which combine restaurant, terrace, café, lounge, bar and work spaces, some with bedrooms and other club facilities   · Tavolino, a restaurant aiming to address a gap in the market for high quality Italian food at mid-market prices   For more information visit www.variouseateries.co.uk     This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy .   END     UPDKBLFXFQLBBBV

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