Result of Retail Offer, Revised Timetable & TVR

THIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION. 

Tasty plc

("Tasty" or the "Company")

Result of Retail Offer, Revised Timetable and Total Voting Rights

On 1 August 2025, Tasty (AIM: TAST), the owner and operator of restaurants in the casual dining sector, announced a retail offer via BookBuild (the "Retail Offer") of new ordinary shares ("Ordinary Shares") of 0.1 pence each in the capital of the Company at an issue price of 0.5 pence per share (the "Issue Price") to raise up to £1 million (the "Retail Offer Announcement").

The Retail Offer and Use of Net Proceeds

The Company announces that the Retail Offer closed at 12.00 p.m. on 6 August 2025 and that 173,587,240 new Ordinary Shares (the "Retail Offer Shares") have been applied for at the Issue Price of 0.5 pence per Retail Offer Share pursuant to the Retail Offer, raising approximately £0.87 million (before expenses) for the Company.

Further to the announcement on 4 August 2025, Adam Kaye, Sam Kaye and Amberstar Limited (a company controlled by Phillip, Adam and Sam Kaye) have subscribed for 25,000,000, 25,000,000 and 50,000,000 Retail Offer Shares respectively and, on Admission, will beneficially own 37,368,168, 45,882,197 and 50,000,000 Ordinary Shares representing 1.65%, 2.03% and 2.21% respectively of the Enlarged Share Capital.

The net proceeds of the Fundraising (comprising the Placing, the Subscription and the Retail Offer) are expected to be deployed as follows:

Revised Timetable and Total Voting Rights

The summary revised timetable is as follows:

The Circular, including the Notice of General Meeting which is to be held at the offices of Howard Kennedy LLP, No.1 London Bridge, London SE1 9BG at 10.00 a.m. on 3 September 2025, will be posted to Shareholders tomorrow and will be available on the Company's website at https://dimt.co.uk/investor-relations/.

The Fundraising and the Acquisition are conditional, inter alia, on the passing of both of the Resolutions by Shareholders at the General Meeting. If either of the Resolutions are not passed at the General Meeting, the Placing, the Subscription and the Retail Offer will not proceed and the Acquisition will not complete.

Application has been made to the London Stock Exchange for a total of 2,063,587,240 new Ordinary Shares (comprising 1,699,400,000 Placing Shares, 150,600,000 Subscription Shares, 173,587,240 Retail Offer Shares and 40,000,000 Consideration Shares) to be admitted to trading on AIM ("Admission"). Subject to the Resolutions being passed at the General Meeting, Admission is expected to take place and dealings in the New Ordinary Shares are expected to commence at 8.00 a.m. on 4 September 2025.

Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 2,261,272,407 with each Ordinary Share carrying the right to one vote ("Enlarged Share Capital"). There are no Ordinary Shares held in treasury and therefore the total number of voting rights in the Company on Admission will be 2,261,272,407. The above figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure, Guidance and Transparency Rules.

Unless otherwise defined, all capitalised terms used but not defined in this announcement shall have the meaning given to them in the announcement of the Fundraising made by the Company on 1 August 2025.

For further information, contact: