14th Dec 2005 12:07
Carluccio's PLC14 December 2005 14 December 2005 Carluccio's PLC ("Carluccio's" or "the Company") First day of dealings on AIM Carluccio's is pleased to announce that its shares have been admitted to tradingon AIM today under the ticker symbol "CARL". 28,087,751 Carluccio's shares held by existing shareholders have been placedwith institutional and other shareholders at 94.5p per share (the "PlacingPrice"). At the Placing Price, the Company's entire issued share capital isvalued at approximately £53.6 million. Highlights: • Carluccio's is the leading UK based group of authentic Italian restaurants with integrated food shops. • The first Carluccio's caffe and food shop opened in 1999, since which time the portfolio has grown to 24 stores, including the Neal Street food shop. • The latest accounts show turnover increasing by 32.5% to £36.8 million and profit before tax and exceptionals increasing by 45.8% to £3.5 million. • The Directors of Carluccio's believe that all day trading concepts are potentially the fastest growing niche in a restaurant market that is forecast to grow by 25% to £15 billion by 2009. • Close Brothers Corporate Finance Limited is acting as Nominated Adviser and Altium is acting as broker to Carluccio's. Stephen Gee, Chairman of Carluccio's PLC, said: "I am delighted that so many of our original shareholders have decided to retaina shareholding and that institutions have demonstrated such a high level ofenthusiasm for Carluccio's. "Our successful all day trading format will continue to provide our customerswith the highest quality food at value-for-money prices in informal, visuallyappealing surroundings. "We welcome our new shareholders to the Company as we take Carluccio's to thenext stage of its development." For further information, please contact: Carluccio's PLC 020 7580 3050Simon Kossoff, Managing DirectorFrank Bandura, Finance Director Close Brothers 020 7655 3100Alka BaliMichael Dubois Altium 020 7484 4040Garry LevinMarc Milmo Hogarth Partnership Limited 020 7357 9477Andrew JaquesFiona Noblet This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Carluccios