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Individual Restaurant Co beats share sale targets
Citation-ready fact
INDIVIDUAL Restaurant Company set a target of raising £2.1m in its share sale.
2.1 £ · target amount
INDIVIDUAL Restaurant Company, company statement
Citation-ready fact
INDIVIDUAL Restaurant Company placed 3,950,216 shares in the share sale.
3950216 shares · shares placed
INDIVIDUAL Restaurant Company, company statement
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The 3,950,216 shares represented the 10 per cent maximum amount granted at the recent annual meeting.
10 % · maximum grant
INDIVIDUAL Restaurant Company, company statement
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INDIVIDUAL Restaurant Company raised an additional £500,000 from the share sale.
500000 £ · additional amount raised
INDIVIDUAL Restaurant Company, company statement
Citation-ready fact
The total amount raised by INDIVIDUAL Restaurant Company in the share sale was £2.6m.
2.6 £ · total amount raised
INDIVIDUAL Restaurant Company, company statement
Citation-ready fact
Chief executive Stephen Walker invested £330,000 in the share sale.
330000 £ · investment amount
Stephen Walker, Chief executive
INDIVIDUAL Restaurant Company, the group behind the Restaurant Bar and Grill and Piccolino chains, yesterday said it has beaten its target of raising £2.1m with a share sale.
The firm took the opportunity to place a further 3,950,216 shares – the 10 per cent maximum amount it was granted at its recent annual meeting – to raise a further £500,000, taking the total amount to £2.6m.
It said the new money would create headroom to pursue new restaurant openings.
Chief executive Stephen Walker has taken up his full entitlement, investing £330,000 in the offer.
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