Business Interruption Claim update

RNS Number : 7475D
Various Eateries PLC
01 July 2021
 

1 July 2021

 

VARIOUS EATERIES PLC

("Various Eateries" or "the Company"

and with its subsidiaries "the Group")

 

Business Interruption Claim update

 

Various Eateries plc, the owner, developer and operator of restaurant, clubhouse and hotel sites in the United Kingdom, which received a Business Interruption Payment of £2.5m in December 2020, announces that to enable it to obtain certainty on the amount of the balance of insurance proceeds due to it, it is collaborating with Allianz, its insurer, to seek judicial determination over a number of issues affecting Various Eateries' business interruption claim for Covid-19-related losses under a Marsh Resilience policy (known in the FCA test case as RSA4) which were left unresolved by the court following the FCA test case.

 

 

Enquiries

 

Various Eateries plc



Andy Bassadone

Executive Chairman

Via Alma PR

Yishay Malkov

Chief Executive Officer


Oli Williams

Chief Financial Officer





WH Ireland Limited

Sole Broker and Nominated Adviser

Tel: +44 (0)20 7220 1666

Broking

Harry Ansell, Adam Pollock



Nominated Adviser

Katy Mitchell, Lydia Zychowska






Alma PR

Financial PR

Tel: +44 (0)20 3405 0205

David Ison


variouseateries@almapr.co.uk

Susie Hudson



Molly Gretton



 

About Various Eateries

 

Various Eateries owns, develops and operates restaurant, clubhouse and hotel sites in the United Kingdom. The Group's stated mission is "great people delivering unique experiences through continuous innovation".

 

The Group is led by a highly experienced senior team including Andy Bassadone (Executive Chairman), Hugh Osmond (Founder), Yishay Malkov (CEO), Oliver Williams (CFO) and Matt Fanthorpe (Chef Director, a non-board position).

 

The Group operates two core brands across 11 locations:

 

· Coppa Club, a collection of clubhouses which combine restaurant, terrace, café, lounge, bar and work spaces, some with bedrooms and other club facilities

 

· Tavolino, a restaurant aiming to address a gap in the market for high quality Italian food at mid-market prices

 

For more information visit www.variouseateries.co.uk  

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDKBLFXFQLBBBV
UK 100

Latest directors dealings