We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Richoux | LSE:RIC | London | Ordinary Share | GB00B0NYFG99 | ORD 4P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.125 | 0.75 | 1.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMRIC
RNS Number : 6916H
Richoux Group PLC
19 November 2018
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.
19 November 2018
Richoux Group plc
("Richoux" or the "Group")
Sale of Lease
Richoux Group plc (AIM:RIC), the owner and operator of Richoux, Friendly Phil's, Villagio and The Broadwick restaurants, announces that it has entered into a conditional agreement to sell the lease to its Richoux Picadilly restaurant for a gross cash consideration of GBP500,000 (excluding VAT).
In the 53 weeks ended 31 December 2017, Richoux Piccadilly generated unaudited losses before tax of approximately GBP0.01million on revenues of approximately GBP1.1 million.
The sale of the lease remains conditional on obtaining the landlord's licence to assign and, subject to this being received, the sale would complete before 21 March 2019. The proceeds of the sale will be used for the ongoing working capital for the Group.
The Group has also entered into conditional agreements to assign the leases to its Friendly Phil's Braintree and Richoux Gloucester Road restaurants for a gross cash consideration of GBP25,000 and GBP100,000 respectively.
Jonathan Kaye, Chief Executive of Richoux, commented:
"Following the strategic review of our estate, we have entered into agreements, subject to satisfaction of certain conditions, to sell the leases to our Piccadilly, Braintree and Gloucester Road restaurants which, if successful, will enable us to focus on the remaining portfolio."
Enquiries:
Richoux Group plc (020) 7483 7000 Simon Morgan, Chairman Cenkos Securities plc (020) 7397 8900 Stephen Keys
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.
END
DISBPBLTMBBBBAP
(END) Dow Jones Newswires
November 19, 2018 02:00 ET (07:00 GMT)
1 Year Richoux Chart |
1 Month Richoux Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
