City Centre Restaurants PLC
2 November 2000
CITY CENTRE RESTAURANTS PLC
('City Centre' or 'the Group')
Statement Re: Press Comment
Further to recent press speculation, the Board of City Centre
Restaurants Plc wishes to clarify that it is not currently in any
discussions pursuant to an offer for the Company. The Board had
received a preliminary conditional approach from a third party at 65p
per share which it rejected as undervaluing the Company.
The senior management continues to progress its strategic review of
the Group with a view to maximising shareholder value. A further
announcement on the outcome of this strategic review will be made
shortly.
ENQUIRIES:
College Hill Tel: 020 7457 2020
Matthew Smallwood
City Centre Restaurants plc Tel: 01243 622206
John Jackson
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