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Tasty raises £3.25mln in share placing

“We are delighted with the level of investor support for the placing"
restaurant table
New shares were sold at 4p each

London-listed restaurateur Tasty Plc (LON:TAST) has raised £3.25mln of new funds, earmarked for debt repayment.

It is issuing 75mln new shares priced at 4p each to new and existing institutional and other investors, and, a further £250,000 may be raised through an accompanying open offer to other existing shareholders.

READ: Investors desert Tasty as it swings to a loss

“This is an important fundraise for Tasty as it will enable us to continue our strategic plans with vigour," said chairman Keith Lassman.

“We are delighted with the level of investor support for the placing and we would like to thank our shareholders for their continued support."

Existing Tasty shareholders will be asked to vote on the conditional fundraise at a general meeting slated for 1 May.

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Tasty PLC Timeline

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