Trading Update & Change Of Adviser

RNS Number : 5683V

Tasty PLC

16 January 2012

 



Tasty plc (the "Company")

Pre-Close Update and Change of Adviser

The Company today announces a pre-close update for the 52 weeks ended 1 January 2012 and the appointment of a new NOMAD and Broker.

As at 1 January 2012, the Company operated 18 restaurants. Of the 18 restaurants, nine operate under the Wildwood brand and six under the Dim T brand. The Company operates a further three restaurants under temporary brand names. The Directors intend to convert these three temporary brands into Wildwoods during 2012.

Despite the difficult consumer environment, the Company recorded strong trading in November and December. Due to this strong trading the Directors can confirm that they expect to report financial results for the year ended 1 January 2012 ahead of current market expectations. The Directors remain cautiously optimistic for the year ahead.

The Board today also announces that is has appointed Cenkos Securities plc as its Nominated Adviser and Broker with immediate effect.

16 January 2012

Enquiries

Tasty plc

Jonny Plant           Tel: [phone]

Cenkos Securities plc

Stephen Keys        Tel: [phone]  

 

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