The Restaurant Group trades up after successful recapitalisation

By Aidan Gregory
29 Mar 2021

The Restaurant Group, the owner of multiple UK dining brands including Wagamama and Frankie & Benny’s, has completed a £175m capital raising, with a high take up from shareholders.

In a regulatory filing, TRG said it concluded its firm placing and open offer, which is intended to raise enough liquidity to allow the company to survive until its restaurants can reopen once the UK’s Covid-19 lockdown measures are eased.

The open offer was 86.21% subscribed to by ...

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