3 July 2020
Tasty plc
("Tasty" or the "Company")
Statement re redundancies
Further to the Company's announcement on 26 June 2020 regarding the phased opening of a limited number of sites over the next few weeks, given the anticipated drop in footfall due to the continuing restrictions imposed as a result of COVID-19, the Board has come to the difficult decision that staff numbers need to be reduced accordingly. Consequently, some 284 staff members (representing approximately 32 per cent. of the total workforce) have been made redundant across our restaurants and Head Office. Clearly, this decision has been very difficult for everyone involved and throughout this process our priority has been to support those that have been affected.
The board of directors is exploring ways to minimise costs and to strengthen the balance sheet including investigating the possibility of new debt and / or equity capital and also discussing terms with landlords and trade creditors. Further announcements will be made as and when appropriate.
For further information, please contact:
Tasty plc
Tel: 020 7637 1166
Jonny Plant, Chief Executive
Cenkos Securities plc (Nominated adviser and broker) Mark Connelly / Katy Birkin / Cameron MacRitchieTel: 020 7397 8900
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the EU Market Abuse Regulation (596/2014). Upon the publication of the announcement via a regulatory information service, this information is considered to be in the public domain.
Attachments
Disclaimer
Tasty plc published this content on 03 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 July 2020 18:18:02 UTC
"tasty" - Google News
July 04, 2020 at 01:35AM
https://ift.tt/2NVBuzm
Tasty : Statement of Redundancies – 3rd July 2020 - Marketscreener.com
"tasty" - Google News
https://ift.tt/2VXquX3
https://ift.tt/3c08sJp
Bagikan Berita Ini
0 Response to "Tasty : Statement of Redundancies – 3rd July 2020 - Marketscreener.com"
Post a Comment