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Restaurant Group PLC (RTN.L)

RTN.L on London Stock Exchange

147.90GBp
19 Jul 2019
Change (% chg)

1.20 (+0.82%)
Prev Close
146.70
Open
148.60
Day's High
151.30
Day's Low
146.40
Volume
2,859,314
Avg. Vol
1,924,180
52-wk High
222.94
52-wk Low
110.10

Latest Key Developments (Source: Significant Developments)

Restaurant Group Sales Boosted By Wagamama Buy
Friday, 17 May 2019 

May 17 (Reuters) - Restaurant Group PLC ::RESTAURANT GROUP PLC - AGM STATEMENT.RESTAURANT GROUP PLC - CURRENT TRADING IS IN LINE WITH OUR EXPECTATIONS.RESTAURANT GROUP PLC - GROUP LIKE-FOR-LIKE SALES FOR 19 WEEKS ENDED 12 MAY 2019 UP 2.8%.RESTAURANT GROUP PLC - COMFORTABLE WITH PERFORMANCE IN FIRST 19 WEEKS OF CURRENT FINANCIAL YEAR.RESTAURANT GROUP PLC - TOTAL SALES WERE UP 57% IN PERIOD.RESTAURANT GROUP PLC - REMAIN FOCUSED ON REALISING SYNERGIES FROM WAGAMAMA ACQUISITION.RESTAURANT GROUP - SAW STRONG PERFORMANCES FROM WAGAMAMA WHICH CONTINUED TO SIGNIFICANTLY OUTPERFORM IN CORE UK MARKET, & FROM PUBS BUSINESS.RESTAURANT GROUP - REMAIN FOCUSED ON OPTIMISING LEISURE BUSINESS AGAINST BACKDROP OF A DECLINING MARKET.  Full Article

Andy Hornby Close To Being Appointed As Next Boss Of The Restaurant Group- Sky News
Wednesday, 1 May 2019 

May 1 (Reuters) - :ANDY HORNBY IS CLOSE TO BEING APPOINTED AS NEXT BOSS OF THE RESTAURANT GROUP- SKY NEWS.  Full Article

UK's Restaurant Group CEO Andy McCue To Leave
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Restaurant Group PLC ::ANDY MCCUE, CEO, HAS INFORMED BOARD OF HIS DECISION TO LEAVE COMPANY DUE TO EXTENUATING PERSONAL CIRCUMSTANCES.CURRENT TRADING REMAINS IN LINE WITH EXPECTATIONS.ANTICIPATE THAT ANDY WILL REMAIN IN POSITION WHILE HIS SUCCESSOR IS BEING RECRUITED.  Full Article

Restaurant Group Says Adjusted PBT Outcome For FY 2018 In Line With Current Market Expectations
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Restaurant Group PLC ::PROVIDES AN UPDATE ON TRADING FOR 52 WEEKS ENDED 30 DECEMBER 2018.LIKE-FOR-LIKE SALES FOR PERIOD WERE DOWN 2.0%, WITH TOTAL SALES INCREASING BY 1.0% FOR 52 WEEKS.RESTAURANT GROUP - LEISURE BUSINESS EXHIBITED IMPROVED LIKE-FOR-LIKE SALES MOMENTUM THROUGH 2018, BUT IMPACTED BY WEAKER CINEMA ADMISSIONS IN DECEMBER.EXPECT TO DELIVER AN ADJUSTED PBT OUTCOME FOR 2018 FULL YEAR IN LINE WITH CURRENT MARKET EXPECTATIONS.  Full Article

Restaurant Group Announces Result Of Rump Placing
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Restaurant Group PLC ::RESULT OF RUMP PLACING.BLOCK TRADE: RESTAURANT GROUP-J.P. MORGAN CAZENOVE PROCURED SUBSCRIBERS FOR ALL 23.2 MILLION ORDINARY SHARES FOR WHICH VALID ACCEPTANCES NOT RECEIVED.BLOCKTRADE: RESTAURANT GROUP - AFTER ALLOTMENT OF NEW SHARES, CO ISSUED SHARE CAPITAL CONSISTS OF 491.5 MILLION SHARES OF 28.125 PENCE EACH.BLOCK TRADE: RESTAURANT GROUP- PROCURED SUBSCRIBERS REPRESENT ABOUT 7.98 PERCENT OF TOTAL NUMBER OF ORDINARY SHARES, AT 125 PENCE PER NEW ORDINARY SHARE.  Full Article

Restaurant Group Received Acceptances For 267.3 Million New Shares
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Restaurant Group PLC ::RESTAURANT GROUP PLC - RESULTS OF RIGHTS ISSUE.RESTAURANT GROUP - RECEIVED VALID ACCEPTANCES FOR 267.3 MILLION NEW SHARES REPRESENTING ABOUT 92.02 PERCENT OF TOTAL OFFERED TO QUALIFYING SHAREHOLDERS.  Full Article

Restaurant Group Says 60.43 Pct Votes Cast By Shareholders At Meeting For Approving Wagamama Acquisition
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Restaurant Group PLC ::60.43 PERCENT VOTES CAST BY SHAREHOLDERS AT MEETING FOR APPROVING ACQUISITION OF WAGAMAMA (ADDS DROPPED WORD).60.06 PERCENT VOTES CAST BY SHAREHOLDERS AT MEETING IN FAVOUR OF ALLOTMENT OF SHARES IN THE COMPANY PURSUANT TO RIGHTS ISSUE.  Full Article

PIRC Recommends Shareholders Vote Against Re-Election Of Ferguson Chairman
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - Restaurant Group PLC ::PIRC- RECOMMENDS SHAREHOLDERS VOTE AGAINST PROPOSED ACQUISITION OF WAGAMAMA BY RESTAURANT GROUP.PIRC- RECOMMENDS SHAREHOLDERS VOTE AGAINST REMUNERATION REPORT AND POLICY OF FERGUSON PLC.PIRC - RECOMMENDS SHAREHOLDERS VOTE AGAINST RESTAURANT GROUP PLC'S PLANS TO ISSUE SHARES IN CONNECTION WITH A RIGHTS ISSUE.PIRC- RECOMMENDS SHAREHOLDERS VOTE AGAINST RE-ELECTION OF FERGUSON CHAIRMAN GARETH DAVIS.PIRC - RECOMMENDS SHAREHOLDERS VOTE AGAINST APPROVAL OF FIRSTRAND'S REMUNERATION POLICY AND REMUNERATION REPORT AT MEETING.  Full Article

Restaurant Group Shareholders Grizzlyrock & Vivaldi Oppose Wagamama Deal
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Grizzlyrock Capital ::THE RESTAURANT GROUP PLC SHAREHOLDERS GRIZZLYROCK CAPITAL AND VIVALDI ASSET MANAGEMENT ANNOUNCE OPPOSITION TO PROPOSED ACQUISITION OF WAGAMAMA.GRIZZLYROCK CAPITAL - RESTAURANT GROUP'S SHAREHOLDERS GRIZZLYROCK CAPITAL, VIVALDI ASSET MANAGEMENT OPPOSE TO PROPOSED ACQUISITION OF WAGAMAMA.GRIZZLYROCK CAPITAL - URGE RESTAURANT GROUP'S MANAGEMENT TO CANCEL PROPOSED TRANSACTION.GRIZZLYROCK CAPITAL-CO, VIVALDI URGE MANAGEMENT TO PAY NOMINAL, £6 MILLION, DEAL BREAK FEE, CONTINUE OPERATING CURRENT BUSINESS ON BEHALF OF SHAREHOLDERS.GRIZZLYROCK CAPITAL SAYS RESTAURANT GROUP'S RIGHTS OFFERING SIZE AT 70% OF MARKET CAPITALIZATION IS "FAR TOO LARGE".GRIZZLYROCK CAPITAL SAYS MANAGEMENT HAS BEEN "SUCCESSFULLY EXECUTING" TURNAROUND PLAN FOR RESTAURANT GROUP'S STRUGGLING LEISURE ASSETS.GRIZZLYROCK CAPITAL - BELIEVE RESTAURANT GROUP'S CURRENT BUSINESSES ARE WORTH OVER £4.50 PER SHARE.GRIZZLYROCK CAPITAL SAYS CO AND VIVALDI ASSET MANAGEMENT MANAGE INVESTMENT FUNDS THAT JOINTLY OWN 3.9 MILLION SHARES, OR 1.9 PERCENT, OF RESTAURANT GROUP.  Full Article

Restaurant Group seeks to raise 315 mln stg in rights issue
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Restaurant Group PLC ::SAYS FULLY UNDERWRITTEN RIGHTS ISSUE RAISING GROSS PROCEEDS OF APPROXIMATELY £315 MILLION TO PART FUND ACQUISITION OF WAGAMAMA.SAYS RIGHTS ISSUE IS BEING FULLY UNDERWRITTEN BY J.P. MORGAN SECURITIES PLC.SAYS RIGHTS ISSUE WILL RESULT IN ISSUE OF UP TO 290,430,689 NEW ORDINARY SHARES OF COMPANY.SAYS RIGHTS ISSUE WILL BE ON FOLLOWING BASIS: 13 FOR 9 RIGHTS ISSUE AT 108.5 PENCE PER NEW ORDINARY SHARE.SAYS EXECUTIVE DIRECTORS, WHO COLLECTIVELY HOLD 0.07 PER CENT. OF TRG'S TOTAL ISSUED ORDINARY SHARE CAPITAL AS AT 9 NOVEMBER 2018 WILL TAKE THEIR FULL PRO RATA ENTITLEMENT.SAYS EACH OF NON-EXECUTIVE DIRECTORS WHO HOLD ORDINARY SHARES INTENDS TO TAKE UP IN FULL HIS OR HER RIGHTS TO SUBSCRIBE.SAYS TRG: AFTER 42 WEEKS' TRADING IN 52-WEEK PERIOD ENDED 30 DECEMBER 2018, TOTAL SALES ARE DOWN 0.5 PER CENT.SAYS SINCE ANNOUNCEMENT OF TRG'S RESULTS FOR 26-WEEK PERIOD ENDED 1 JULY 2018 ON 31 AUGUST 2018, TRG HAS CONTINUED TO MAKE GOOD PROGRESS, AND LIKE-FOR-LIKE SALES ARE UP 1.4 PER CENT. IN 14-WEEK PERIOD SINCE END OF FIFA WORLD CUP..SAYS FOR 11-WEEK PERIOD FROM 20 AUGUST 2018 TO 4 NOVEMBER 2018, WAGAMAMA'S LIKE-FOR-LIKE SALES INCREASED BY 12.2 PER CENT.  Full Article

UPDATE 1-Wagamama deal, pub openings bolster Restaurant Group sales

May 17 Sales at Frankie & Benny's owner Restaurant Group Plc surged 57% in the 19-week period ending May 12, boosted by the recent acquisition of noodle chain Wagamama and new pub openings.