Various Eateries PLC ADR (GB:VARE) has released an update.
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Various Eateries PLC has announced that its subsidiary, VEL Property Holdings Limited, has entered into an agreement to extend the redemption date of its Deep Discounted Bond for an additional year, with the new bond secured against company property and valued at £3,390,324. The transaction, involving director Hugh Osmond, is considered fair to shareholders by the other directors after consultation with their adviser, WH Ireland Limited. This strategic financial move underlines the Group’s commitment to growth, reflected in the operation of its three core brands – Coppa Club, Tavolino, and Noci – across 20 UK locations.
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