Various Eateries PLC Business Interruption Claim update (7475D)
01 Julio 2021 - 01:00AM
UK Regulatory
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
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