TIDMVARE

RNS Number : 7475D

Various Eateries PLC

01 July 2021

1 July 2021

VARIOUS EATERIES PLC

("Various Eateries" or "the Company"

and with its subsidiaries "the Group")

Business Interruption Claim update

Various Eateries plc, the owner, developer and operator of restaurant, clubhouse and hotel sites in the United Kingdom, which received a Business Interruption Payment of GBP2.5m in December 2020, announces that to enable it to obtain certainty on the amount of the balance of insurance proceeds due to it, it is collaborating with Allianz, its insurer, to seek judicial determination over a number of issues affecting Various Eateries' business interruption claim for Covid-19-related losses under a Marsh Resilience policy (known in the FCA test case as RSA4) which were left unresolved by the court following the FCA test case.

Enquiries

 
 Various Eateries plc 
 Andy Bassadone          Executive Chairman          Via Alma PR 
 Yishay Malkov           Chief Executive Officer 
 Oli Williams            Chief Financial Officer 
 
                         Sole Broker and Nominated 
 WH Ireland Limited       Adviser                    Tel: +44 (0)20 7220 1666 
 Broking 
  Harry Ansell, Adam 
  Pollock 
 Nominated Adviser 
  Katy Mitchell, Lydia 
  Zychowska 
 
 Alma PR                 Financial PR                Tel: +44 (0)20 3405 0205 
 David Ison                                          variouseateries@almapr.co.uk 
 Susie Hudson 
 Molly Gretton 
 

About Various Eateries

Various Eateries owns, develops and operates restaurant, clubhouse and hotel sites in the United Kingdom. The Group's stated mission is "great people delivering unique experiences through continuous innovation".

The Group is led by a highly experienced senior team including Andy Bassadone (Executive Chairman), Hugh Osmond (Founder), Yishay Malkov (CEO), Oliver Williams (CFO) and Matt Fanthorpe (Chef Director, a non-board position).

The Group operates two core brands across 11 locations:

-- Coppa Club, a collection of clubhouses which combine restaurant, terrace, café, lounge, bar and work spaces, some with bedrooms and other club facilities

-- Tavolino, a restaurant aiming to address a gap in the market for high quality Italian food at mid-market prices

For more information visit www.variouseateries.co.uk

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(END) Dow Jones Newswires

July 01, 2021 02:00 ET (06:00 GMT)

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