Chain restaurant operator AmRest raises around £61 million in capital

The company’s biggest shareholders are Finaccess and Gosha Holdings.

Independent chain restaurant operator AmRest has announced that they have completed a capital increase of €70 million (£61.64 million) through a private placement of 7,415,254 ordinary shares priced at zł40.75 (£8.36) per share.

The placement in the Warsaw stock exchange was launched last October 11 after their market closed. The news follows the company’s recent stock split last October 3 in a 1:10 ratio, aiming to increase the tradability and liquidity of the shares in the stock exchange.

“I am humbled by the interest and engagement of investors to support the growth of AmRest as visible in the demand in yesterday’s placement and despite a challenging capital market environment,” Peter Kaineder, chief strategy officer of AmRest, said.

“Also, I am excited that in the process of this capital increase we have been able to win new shareholders for AmRest and strengthen our free float and capital market presence. I believe that our recent stock split will act as an important additional catalyst to our shares going forward.”