REG - Tasty PLC - Result of AGM & GM

TastyAnnouncement

22/07/2024 15:00

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RNS Number : 3370X  Tasty PLC  22 July 2024

 

22 July 2024

Tasty plc

("Tasty" or the "Company")

 

Result of AGM & GM

Amended and Restated Loan Agreement & Conversion of Loan

and

Total Voting Rights

 

Tasty (AIM: TAST), the owner and operator of restaurants in the casual dining
sector, is pleased to announce that, at both its Annual General Meeting
("AGM") and General Meeting ("GM") held earlier today, all of the resolutions
were duly passed. The full proxy results of both the AGM and the GM will
shortly be provided in the Investor Relations section of the Company's website
at www.dimt.co.uk/investor-relations/
(http://www.dimt.co.uk/investor-relations/) .

 

Following the passing of the resolutions at the GM which have given the
Directors the authority to allot the 51,369,863 Conversion Shares in
connection with the conversion of the full principal amount of the £750,000
Loan from Will Roseff, a UK-based high net worth investor, the Company and
Will Roseff have signed the Amended and Restated Loan Agreement, and the
Company has also received notice from Will Roseff to convert the full amount
of the Loan.

 

Jonny Plant, Chief Executive Officer, commented:

 

"This is positive news for Tasty, returning the Company to a debt free
position with a solid platform from which to consolidate trade and create
future growth. We are delighted to have Will as a major shareholder, and we
are confident that he will be able to contribute to the success of the
business.  I am grateful to everyone who has been involved in this process of
securing the long-term future of the Company and understand the sacrifices
that have been made."

 

Admission, Settlement, Dealings and Total Voting Rights

 

Application has been made for 51,369,863 Conversion Shares to be admitted to
trading on AIM. The Conversion Shares will rank pari passu with the Company's
existing Ordinary Shares and it is expected that admission will occur at 8.00
a.m. on 26 July 2024.

 

Following admission of the Conversion Shares, the Company's issued ordinary
share capital will comprise 197,685,167 Ordinary Shares, none of which are
held in treasury. Therefore, the total number of Ordinary Shares with voting
rights in Tasty following admission will be 197,685,167.

 

The above figure of 197,685,167 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in the Company under
the FCA's Disclosure Guidance and Transparency Rules.

 

For further information, please contact:

 

 Tasty plc                            Tel: 020 7637 1166
 Jonny Plant, Chief Executive

 Cavendish Capital Markets Limited

 (Nominated adviser and broker)
 Katy Birkin/George Lawson            Tel: 020 7220 0500

 

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