Comptoir Group plc has today announced its admission to trading on AIM today. Dealings in the company's ordinary shares will trade under the TIDM 'COM'.
The placing raised £16m (gross), of which £8m was raised by the Company to expand the number of restaurants operated by the company and £8m was raised for selling shareholders.
The number of ordinary shares in issue immediately after admission will be 96,000,000, giving the company a market capitalisation of £48m at the placing price of 50 pence per ordinary share.
Chaker Hanna, CEO of Comptoir, commented, 'Today marks an important milestone in the development of Comptoir. Our listing provides us with the platform to accelerate the growth of the business, allowing us to bring our fresh, healthy, Lebanese dining experience to many more people across the UK.'
Comptoir owns and/or operates Lebanese and Eastern Mediterranean restaurants. The core restaurant brand of the Company is Comptoir Libanais.
The group operates 11 Comptoir Libanais restaurants, and also generates franchise revenue by franchising the Comptoir Libanais brand to other restaurant operators.
The business also operates two smaller Lebanese and Eastern Mediterranean outlets under the Shawa brand and a further two standalone high end restaurants, called Levant and Kenza.