11th Oct 2013 07:53
LONDON (Alliance News) - Restaurant group Tasty PLC Friday said it had raised GBP2.5 million by placing 2.5 million shares and will use the funds raised to fund a continued expansion in the number of restaurants it has.
The issue, which represents about 5.22% of the company's share issue, was a 4% discount to the closing middle market price Thursday.
Joint chief executive Samuel Kaye and Non-Executive Director Adam Kaye both subscribed for 150,000 shares in the placing.
Tasty shares last traded at 104 pence.
By Steve McGrath; [email protected]; @SteveMcGrath1
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