BGR PLC
13 October 2000
BGR PLC ('BGR')
Proposed Disposal of Signature Restaurants
Further to the announcement made on 14 August 2000, BGR has agreed in
principle to dispose of its three Signature Restaurants, comprising
Bank (Aldwych), Bank Birmingham and Zander, for a cash consideration
of £11.025 million of which £775,000 is payable subject to the
future profitability of the Signature Restaurants.
The proposed disposal is subject, inter alia, to the completion of
the fundraising being undertaken by the company incorporated for the
purpose of acquiring the business and assets of the Signature
Restaurants.
The company is intending to come to AIM.
Tony Allan will remain executive Chairman of BGR and will be non
executive Chairman of the new Group and Christian Delteil will become
Managing Director of the new Group and a non-executive Director of
BGR.
BGR intends to change its name to FISH plc at the earliest
opportunity.
ENQUIRIES
Enquiries:
BGR plc Tel: 020 7234 3300
Tony Allan, Chairman
Jeremy Ormerod, Chief Executive
College Hill Tel: 020 7457 2020
Justine Warren
Matthew Smallwood
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