Update

RNS Number : 5304R

Restaurant Group PLC

30 April 2009

 



The Restaurant Group plc

30 April 2009

Notification of Interim Management Statement and FSA Disclosure and Transparency Rules

The Restaurant Group plc will make its Interim Management Statement on 6 May 2009.    

In accordance with the requirements of Rule 4.1 of the Disclosure and Transparency Rules the appendix to this announcement contains a description of principal risk factors and the Directors' responsibility statement which are extracted from the Company's Annual Report and Accounts which were distributed to shareholders on 1 April 2009.

Enquiries:

Robert Morgan                                                                  0845 612 5001

Company Secretary

Appendix:

The Restaurant Group plc - risk factors

Page 19 of the Annual Report and Accounts contains the following disclosure:

The Board of Directors regularly identify, monitor and manage potential risks and uncertainties to the Group. The list below sets out what the Directors consider to be the current principal risks and uncertainties. This list is not presumed to be exhaustive and is, by its very nature, subject to change.

• Adverse economic conditions and a decline in consumer confidence and spend in the UK.

• Increased supply of new restaurant concepts into the market.

• Failure to provide customers with brand-standard value for money offerings and service levels.

• Increase in prices of key raw materials (including foreign currency fluctuations), wages and overheads and utilities.

• Major failure of key suppliers to deliver products into restaurants.

• Reversion of formerly sold or disposed leases following business failure of new occupiers.

• Impact of terrorism in key locations (including airports).

• Increased regulation of the food and beverage industry leading to higher costs.

• Damage to our brands' images due to failures in environmental health compliance in the restaurants or from contamination of products.

• Possible health pandemic that may cause customers to stay away or prevent restaurants being adequately staffed.

• The loss of key personnel or failure to manage succession planning.

• Breakdown in internal controls through fraud or error.

Further information on risk factors is also set out in the Chief Executive's review of operations, the Group Finance Director's report and in the notes to the financial statements.

Directors' responsibility statement

Page 25 of the Annual Report and Accounts contains the following disclosure:

The Directors confirm that to the best of their knowledge:

1) The financial statements, prepared in accordance with the applicable set of accounting standards, give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and Group; and

2) The Chairman's statement, Chief Executive's review of operations, Group Finance Director's report and report of the Directors include a fair review of the development and performance of the business and the position of the Company and Group, together with a description of the principal risks and uncertainties faced.

The Directors of The Restaurant Group plc are:

Alan Jackson
Andrew Page
Stephen Critoph
Trish Corzine
John Jackson
Tony Hughes

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