Statement re: Restaurant Closures

RNS Number : 4506E

Tasty PLC

06 November 2020

 

6 November 2020

Tasty plc

("Tasty" or the "Company")

Statement re: Restaurant Closures

Further to the recent announcement by the UK Government that, inter alia, all pubs, bars and restaurants are again required to close in light of health issues associated with COVID-19, the Company confirms that it has closed all of its restaurants for in-store dining during the second UK lockdown, until at least 2 December 2020. The restaurants will remain closed until the Company receives guidance from the UK Government to the effect that restaurants are permitted to re-open.

In the meantime, the Company is offering takeaway and delivery services, in most of its units, until such time as the Government announces that it is prohibited from doing so or the Company decides that it is not viable to continue the services. In addition, free takeaway meals will be offered by the Company to NHS workers and children on school holidays.

As reported in the Interims on 30 October 2020, the Company has been successful in achieving rent reductions and lease concessions on a number of sites. The Company  is continuing consensual negotiations with landlords and other creditors in respect of outstanding rents and anticipates that this process will be completed by the end of November. The Company will again be relying on Government support for employees' pay and VAT and business rate holidays.

The Company will make further announcements, as appropriate.

For further information, please contact:

Tasty plc	Tel: [phone]
Jonny Plant, Chief Executive
Cenkos Securities  plc (Nominated adviser and broker)
Mark Connelly / Katy Birkin / Cameron MacRitchie	Tel: [phone]

 

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