Acquisition

RNS Number : 8003R

Tasty PLC

31 August 2010

 



Tasty plc ("Tasty")

Acquisition

Tasty plc is delighted to announce that it has reached agreed terms to acquire two leasehold properties in Loughton and Billericay. The Board intends to open WildWood restaurants at both these units.

The acquisition will lead to an increase in the number of restaurants the Board expects to open in 2010. While the increase in units to be opened in 2010 will lead to an increase in pre-opening costs for the current year, the Directors expect the acquisition to be earnings enhancing in 2011. The acceleration of the Company's opening program reflects the Boards confidence in the WildWood brand.

31 August 2010.

Enquiries

Tasty plc

Jonny Plant       Tel: [phone]

Evolution Securities Limited

Bobbie Hilliam   Tel: [phone]

 

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