Tasty PLC Trading Update (2843B)
January 09 2018 - 2:00AM
UK Regulatory
TIDMTAST
RNS Number : 2843B
Tasty PLC
09 January 2018
9 January 2018
Tasty plc
("Tasty" or the "Company")
Trading Update
The Company is providing a trading update for the 52 weeks ended
31 December 2017.
Trading for the period has been in line with expectations. The
Board has previously highlighted the difficult trading environment
faced by the restaurant sector and expects a further deterioration
in 2018.
The Company has announced its intention to dispose of sites and
the Board is pleased to confirm that progress has been made in this
area. The Company has disposed of four underperforming sites and
undertaken a sales-and-leaseback of one further site with net
proceeds from these transactions totalling GBP2m. Two further sites
are currently under offer and are expect to be disposed of in the
coming months.
The Board also today announces that it has accepted the
resignation of Timothy Cundy as Finance Director. Tim will be
serving three months' notice and will continue his responsibility
for the 2017 year end financial statements and audit. The Company
has identified a replacement with significant sector experience who
will take over the finance function upon appointment. The Board
would like to thank Tim for all his hard work over the last four
years.
Enquiries:
Tasty plc Tel: 020 7637 1166
Jonny Plant, Chief Executive
Cenkos Securities Tel: 020 7397 8900
Bobbie Hilliam
This information is provided by RNS
The company news service from the London Stock Exchange
END
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