Tasty PLC - Statement re: Restaurant Closures
("Tasty" or the "Company")
Statement re: Restaurant Closures
Further to the announcement on
In the meantime, the Company is offering takeaway and delivery services, where available, until such time as the Government announces that it is prohibited from doing so or the Company decides that it is not viable to continue the services. In addition, free takeaway meals are currently being offered by the Company to
The Company will seek to mitigate the revenue loss by implementing cost-cutting measures such as cessation of capital expenditure and seeking preferential terms from landlords and suppliers as well as relying on Government support for employees' pay and VAT and business rate holidays. Concurrently, the Company is taking measures to ensure staff retention where possible.
Given the Company's existing cash position with no debt, the Directors confirm that during the period of shutdown and assuming it is successful in implementing the cost cutting and cash preservation measures referred to above, it has sufficient financial resources for the foreseeable future.
In light of these rapidly changing exceptional events, the Company will make further announcements, as appropriate.
For further information, please contact:
| || |
Tel: 020 7637 1166
| || |
Cenkos Securities plc (Nominated adviser and broker)
| || |
Tel: 020 7397 8900
The 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.
This information is provided by RNS, the news service of the
Quick facts: Tasty PLC
Market Cap: £2.12 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE