お知らせ • Dec 21
The Restaurant Group plc(LSE:RTN) dropped from FTSE All-Share Index (GBP) The Restaurant Group plc(LSE:RTN) dropped from FTSE All-Share Index (GBP) お知らせ • Nov 08
Wheel Topco Doesn't Plan to Buy Restaurant Group, Citing Market Conditions PizzaExpress Group owner Wheel Topco Limited doesn't plan to make a formal offer for Wagamama owner The Restaurant Group plc (LSE:RTN) due to market conditions, it said November 7, 2023. On Oct. 26 Restaurant Group confirmed that it had received an approach from Wheel Topco for diligence information as it was considering a bid for the company. Earlier in October, Restaurant Group--which also houses Brunning & Price and Frankie & Benny's among its portfolio--agreed to an all-cash takeover worth around £506 million ($624.5 million) by asset manager Apollo's Rock Bidco. Under the terms, accepting shareholders will get 65 pence for each share held. お知らせ • Nov 04
The Restaurant Group Shares to be Suspended from Official List and from London Stock Exchange's Main Market for Listed Securities on 21 December 2023 On 12 October 2023, the boards of directors of The Restaurant Group plc (‘TRG’ or the ‘Company’) and Rock Bidco Limited (a special purpose vehicle indirectly owned by certain of the affiliated funds of Apollo Global Management Inc. and its subsidiaries, managed by affiliates of Apollo Global Management Inc.) (‘Bidco’) announced that they had reached agreement on the terms and conditions of a recommended cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of TRG. It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement (the ‘Scheme’) under Part 26 of the Companies Act 2006 (the ‘Act’). Cancellation of listing of TRG Shares expected by 7:30 a.m. on 22 December 2023. If the Scheme is sanctioned as outlined, it is expected that the last day of dealings in, and registration of transfers of, TRG Shares on the London Stock Exchange will be 20 December 2023 and no transfers shall be registered after 6:00 p.m. on that date. Following this, it is expected that TRG Shares will be suspended from the Official List and from the London Stock Exchange's Main Market for listed securities from 7:30 a.m. on 21 December 2023. It is intended that, prior to the Effective Date, applications will be made to the London Stock Exchange for TRG Shares to cease to be admitted to trading on its Main Market for listed securities, and to the FCA for the listing of TRG Shares on the Official List to be cancelled, in each case to take effect on or shortly following the Effective Date. お知らせ • Oct 31
The Big Table Group Limited acquired of 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN). The Big Table Group Limited agreed to acquire 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN) for £1 on September 11, 2023. Big Table Group Ltd, will pay a nominal £1 for Restaurant Group’s loss-making Leisure business and will receive a ‘contribution’ from Restaurant Group of £7.5 million. The transaction is expected to close in the early fourth quarter of this year, Lazard & Co., Limited acted as financial advisor to The Restaurant Group plc. Sally Wokes, Chris McGaffin, Sarah Osprey, Jane Edwarde, Duncan Blaikie, Philippa O'Malley and Matthew Tobin of Slaughter and May acted as legal advisor to The Restaurant Group plc.
The Big Table Group Limited completed the acquisition of 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN) on October 30, 2023 お知らせ • Oct 27
Restaurant Group Attracts New Takeover Interest, No Proposal Yet The Restaurant Group plc (LSE:RTN) or TRG, has been approached by Wheel Topco Limited, the owner of PizzaExpress, but no takeover proposal has been made, the company said on Thursday in response to media reports. Wheel Topco has requested diligence information and TRG will provide it. If the interested party makes a proposal, it will be considered by TRG's board of directors, but there is no certainty that this will happen. Earlier in October, TRG agreed to a takeover offer from funds managed by affiliates of US Apollo Global Management (NYSE:APO) that values TRG at about GBP 506 million (USD 613m/EUR 580m). The company's board of directors still plans to recommend the offer to its shareholders, according to the statement. お知らせ • Oct 14
Apollo Investment Fund X, L.P., managed by Apollo Global Management, Inc. agreed to acquire The Restaurant Group plc (LSE:RTN) from TRG Directors, Oasis Management Company Ltd., Irenic Capital Evergreen Master Fund LP and others for approximately £500 million. Apollo Investment Fund X, L.P., managed by Apollo Global Management, Inc. agreed to acquire The Restaurant Group plc (LSE:RTN) from TRG Directors, Oasis Management Company Ltd., Irenic Capital Evergreen Master Fund LP and others for approximately £500 million on October 12, 2023. It is intended that the acquisition will be implemented by way of a Court-sanctioned scheme of arrangement. Under the terms of the acquisition, each TRG shareholder will be entitled to receive for each scheme share held 65 pence in cash. The cash consideration will be financed by (i) equity to be invested by the Apollo and (ii) third party financing provided by certain third party providers, including RBC, of a £260,000,000 interim senior term facility under the interim facilities agreement. The offeror intends to work with the existing management and employees of TRG to support the business.The TRG Directors unanimously recommended the scheme. The scheme is subject to TRG shareholders approval at the Court Meeting and at the General Meeting, sanctioning of scheme by the court, third part approval, applicable requirements of the Takeover Code, the Panel, the London Stock Exchange, the FCA. The acquisition is currently expected to complete in early 2024.Mark Preston, Ed Boyce, Andrew Diggles and Samuel Jackson of RBCCapital Markets acted as sole financial adviser to Apollo. William Rucker, Louise Campbell and Adam Blin of Lazard & Co., Limited provided independent financial advice to the TRG Directors. Nick Reid, Hadleigh Beals and James Tookman of Centerview Partners UK LLP and Christopher Wren, James Ibbotson, Martin Weltman and Peter Catterall of Citigroup Global Markets Limited acted as financial advisor to TRG. Kirkland & Ellis International LLP is acting as legal adviser to Apollo and Slaughter and May is acting as legal adviser to TRG. お知らせ • Oct 13
The Restaurant Group plc to Request London Stock Exchange and the FCA to Cancel Trading in Shares on the London Stock Exchange's Main Market and the Listing of the Shares from the Official List The boards of directors of Rock BidCo Limited ("Bidco") and The Restaurant Group plc ("TRG") announced that they have reached agreement on the terms and conditions of a recommended all cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of TRG. It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the 2006 Act. It is intended that the London Stock Exchange and the FCA will be requested respectively to cancel trading in TRG Shares on the London Stock Exchange's Main Market and the listing of the TRG Shares from the Official List on or shortly after the Effective Date. It is expected that the last day of dealings in TRG Shares on the Main Market of the London Stock Exchange is expected to be the Business Day immediately prior to the Effective Date and no transfers will be registered after 6.00 p.m. (London time) on that date. It is intended that TRG will be re-registered as a private limited company and for this to take effect as soon as practicable on or following the Effective Date. お知らせ • Sep 12
The Big Table Group Limited agreed to acquire 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN) for £1. The Big Table Group Limited agreed to acquire 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN) for £1 on September 11, 2023. Big Table Group Ltd, will pay a nominal £1 for Restaurant Group’s loss-making Leisure business and will receive a ‘contribution’ from Restaurant Group of £7.5 million. The transaction is expected to close in the early fourth quarter of this year. お知らせ • Sep 08
The Restaurant Group plc Announces Chairman, Ken Hanna Informs His Intention Not to Seek Re-Election At the Group's Next AGM During 2024 The Restaurant Group plc announced that the Company's Chairman, Ken Hanna has informed the Company of his intention not to seek re-election at the Group's next AGM during 2024 due to personal reasons. The Board will now initiate a comprehensive search process to identify a new Chairman and will update the market as and when appropriate. Ken will remain with TRG as Chairman until his successor is appointed in order to allow for an orderly handover. お知らせ • Jun 21
The Restaurant Group plc to Report First Half, 2023 Results on Sep 06, 2023 The Restaurant Group plc announced that they will report first half, 2023 results on Sep 06, 2023 お知らせ • Jun 08
The Restaurant Group plc Announces Board Changes, Effective 1 July 2023 The Restaurant Group plc announces that Alex Gersh, an Independent Non-Executive Director of the Company and the Chair of the Audit Committee, has informed the Board of his decision to step down as a Director with effect from 1 July 2023 due to other work commitments. Alex joined the Board on 23 February 2021 and is currently also a member of the Nomination and Remuneration Committees. Loraine Woodhouse, who has been a member of the Board since 4 July 2022, will take over the role of Audit Committee Chair following Alex's departure, with effect from 1 July 2023. お知らせ • Feb 17
Oasis Management Company Ltd. Recommends The Restaurant Group plc to Restore Market Confidence On February 16, 2023, Oasis Management Company Ltd. announced that it believed in the underlying value potential of The Restaurant Group’s core brands and emphasized its long-term commitment to the Company. Further, it stated that the Company has raised equity capital three times in the last five years whilst markedly underperforming sector peers and it considered this failure to deliver value to shareholders to have propagated low market confidence and unattractiveness to new investor capital. In addition, Oasis recommended The Restaurant Group to communicate to the market the strategic direction of the Company and means of value creation and it should engage with shareholders on all options for meaningful governance change in the near-term to promote this value creation and alignment with shareholders. お知らせ • Jan 22
Oasis Management (Hong Kong) LLC acquired a 5% stake in The Restaurant Group plc. Oasis Management (Hong Kong) LLC acquired a 5% stake in The Restaurant Group plc on January 20, 2023.Oasis Management (Hong Kong) LLC completed the acquisition of a 5% stake in The Restaurant Group plc on January 20, 2023.