Get the latest hospitality news and inspiration straight to your inbox. Subscribe to our newsletter.

Wildwood owner looks to raise £3.25m through share placing

Written by:
Written by:
Wildwood owner looks to raise £3.25m through share placing

Wildwood owner Tasty has announced plans to raise £3.25m through the issuing of shares.

The operator of 57 restaurants under the Wildwood and Dim-T brands has said funds raised will be used to pay down debt and for general working capital purposes.

Two placements would see more than 80 million shares issued to existing and other investors.

Keith Lassman, chairman of Tasty, said “This is an important fundraise for Tasty as it will enable us to continue our strategic plans with vigour. We are delighted with the level of investor support for the placing and we would like to thank our shareholders for their continued support.”

Documents filed with Companies House for the year to 31 December 2017 showed a pre-tax loss of £9.47m from turnover of £50.3m.

Approval for the share issue will be sought at a general meeting on 1 May 2019.

Wildwood and Dim T seeks to sell more sites having reported £9.5m loss>>

Start the discussion

Sign in to comment or register new account

Start the working day with

The Caterer’s free breakfast briefing email

Sign up now for:

  • The latest exclusives from across the industry
  • Innovations, new openings, business news and practical advice
  • The latest product innovations and supplier offers
Sign up for free