Expansion Updates

RNS Number : 0096X

BigDish PLC

25 April 2019

 

25 April 2019

BigDish Plc

("BigDish" or the "Company")

Expansion Updates

BigDish Plc (LON: DISH), a food technology company that operates a yield management platform for restaurants, is pleased to announce further progress in the UK.

Highlights:

·     Basingstoke and Exeter to go live on or around 30 April 2019

·     Territory 3, beginning with Brighton, expected to go live in May

·     Improvements to the website have commenced

The Company expects that Basingstoke and Exeter will go live on the BigDish app (the "app") on or around 30 April 2019 as part of territory 1 and 2 respectively. In addition, Territory 3 is expected to go live in May, beginning with Brighton.

Furthermore, improvements to the website have been made which will continue in the coming weeks.

The Company has also changed its reporting currency to British Pounds from US Dollars and has aligned its year end with that of its UK subsidiary, BigDish UK Ltd, which is 31 March. This is to bring BigDish Plc's accounting process in line with its subsidiary.

Sanj Naha, CEO commented:

"We are extremely happy with the speed of the progress being made at BigDish. We are delighted to announce that Basingstoke and Exeter are going live at the end of April on the App, and Territory 3 next month. We can't wait to watch BigDish continue to expand and develop over the coming months."

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 ("MAR")

Enquiries:

Blytheweigh	[phone]
Tim Blythe Julia Tilley

Notes to Editors

BigDish Plc is a Standard listed food technology company that operates a yield management platform for the restaurant industry, including a mobile app.

The Company helps restaurants in the UK fill their spare capacity at quiet times and optimise their revenues through smart and dynamic discounts. Consumers can access these via the BigDish app and website platforms. Restaurants pay BigDish a fee per diner seated.

BigDish is fully committed to delivering shareholder value to its stakeholders through this model and is actively seeking to expand across the UK. An expansion strategy has been outlined which divides the UK into territorial target areas. 

Territory 1 will target the following locations and their surrounding areas: Bournemouth, Southampton, Portsmouth, Basingstoke, Guildford, Dorchester and Weymouth.

Territory 2 will target the following locations and their surrounding areas: Bristol, Gloucester, Bath, Swindon, Oxford, Windsor, Slough, Exeter and Plymouth.

Territory 3 will begin with targeting Brighton, before expanding further.

 

END

 

 

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