TIDMMEX
RNS Number : 4789O
Tortilla Mexican Grill PLC
08 October 2021
Tortilla Mexican Grill plc
(" Tortilla ", the "Company" or the "Group")
ADMISSION TO AIM AND FIRST DAY OF DEALINGS
Tortilla Mexican Grill plc (AIM: MEX), the largest and most
successful fast-casual Mexican restaurant group in the UK, is
pleased to announce that admission of its entire issued and to be
issued share capital to trading on the AIM market of the London
Stock Exchange will become effective and dealings will commence at
8.00 a.m. today under the ticker "MEX" and with the ISIN
GB00BNYDGZ21.
Tortilla offers a high-quality, affordable and freshly prepared
California-style Mexican menu comprising high quality, fresh and
customisable products including burritos, tacos and salads. The
Company operates through multichannel order strategy, offering
customers dine in, self-serve, take away, click and collect and
delivery options. Its leading customer proposition is accessible to
customers through Tortilla's 62-strong restaurant estate,
comprising 50 owned and 12 franchised locations across the UK and
Middle East, as well as through an exclusive nationwide partnership
with Deliveroo and its growing estate of cloud kitchens.
Tortilla is strongly positioned to capitalise on significant
growth opportunities to accelerate its growth strategy through the
roll-out of new sites, franchising opportunities, cloud kitchens,
strategic partnerships, and carefully selected international
opportunities.
On 30 September 2021, Tortilla announced a fundraising which has
today completed. The fundraising, which was comfortably
oversubscribed by high quality institutional investors, included
the placing of 2,762,431 new ordinary shares of 1 pence each
("Ordinary Shares") and the placing of 12,715,902 existing Ordinary
Shares, both at a price of 181 pence per share (the "Placing
Price"), raising gross proceeds of GBP5.0 million for the Company
and GBP23.0 million for selling shareholders. At the Placing Price,
the Company's market capitalisation is approximately GBP70
million.
The Company's Admission Document is available to view on the
Company's website at https://tortillagroup.co.uk .
Liberum Capital Limited is acting as Nominated Adviser and sole
broker to the Company.
Investor Meet Company Presentation:
The Company's CEO and CFO will host a live introductory
presentation via the Investor Meet Company platform at 10:00am BST
on Monday 18(th) October. To register to attend, please use this
link:
https://www.investormeetcompany.com/tortilla-mexican-grill-plc/register-investor
Richard Morris, Chief Executive Officer of Tortilla, said:
"Joining AIM marks a very exciting milestone in Tortilla's
growth journey and we're thrilled to be welcoming our new
shareholders to the Tortilla family.
Underpinned by our fresh, high quality and great value food, as
well as our multichannel order strategy, we are very excited to
drive forward Tortilla's long-term growth strategy and achieve the
Tortilla brand's significant potential across the UK and
internationally."
ENQUIRIES
Tortilla Mexican Grill PLC Via Hudson Sandler
Emma Woods, Non-Executive Chairwoman
Richard Morris, CEO
Andy Naylor, CFO
Liberum Capital Limited (Nominated Adviser, Tel: 020 3100 2222
Sole Broker)
Andrew Godber
Edward Thomas
Christopher Whitaker
Nikhil Varghese
Hudson Sandler (Public Relations) Tel: 020 7796 4133
Alex Brennan Tortilla@hudsonsandler.com
Wendy Baker
Lucy Wollam
Andrew Richards
For further information , visit tortillagroup.co.uk
-- Images are available to download here
-- View the Tortilla corporate video here
NOTES TO EDITORS
Tortilla is the largest and most successful fast-casual Mexican
restaurant group in the UK specialising in the sale of freshly made
Californian-inspired Mexican cuisine. The Group has 62 sites
worldwide, comprising 50 sites in the UK operated by the Group, two
sites franchised to SSP Group in the UK, and 10 franchised sites in
the Middle East.
The Group was founded in 2007 by Brandon Stephens, originally
from California who, upon his arrival in London in 2003, found it
difficult to satisfy his desire for quality burritos and tacos. As
a result, Brandon established Tortilla with a mission of offering
customers freshly prepared, customisable, and authentic
Californian-inspired Mexican food.
The brand is synonymous with an energetic, vibrant culture, and
with providing a great value-for-money proposition. It embraces
fast-growing sector trends (including eating out, healthy eating,
provenance, ethnic cuisine, delivery) across a variety of
locations, through a differentiated product offering which is
popular with a broad customer base, and a clearly defined
multi-channel marketing strategy. It benefits from flexible site
locations and formats, and a scalable central infrastructure.
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
MSCMPBATMTAMMJB
(END) Dow Jones Newswires
October 08, 2021 02:00 ET (06:00 GMT)
Grafico Azioni Tortilla Mexican Grill (LSE:MEX)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Tortilla Mexican Grill (LSE:MEX)
Storico
Da Mar 2023 a Mar 2024