Overview

• The group is evaluating an equity placing to secure nearly £10m from institutional investors under Page’s leadership takeover plan.
• Tasty intends to acquire Page’s pre-arranged cash shell as part of a wider strategy to incubate new dining concepts.
• If approved, the company will relist on the London Stock Exchange as Bow Street Group to signal its strategic overhaul.
• Nicholas Wong, Page’s longtime collaborator, is poised to step in as finance chief to steer the group’s financial restructuring.
• Shares jumped 81% to 1p after the update, highlighting investor optimism about the proposed turnaround