£93 million Recommended Cash Acquisition of The Fulham Shore plc by Bidco

Singer Capital Markets is delighted to have acted as Joint Rule 3 Adviser, Nominated Adviser and Broker to Fulham Shore on its Recommended Cash Acquisition by Bidco.

Fulham Shore and Bidco have announced that their respective boards reached agreement on the terms of a recommended all cash offer pursuant to which Bidco, a newly-incorporated company established on behalf of TORIDOLL Holdings Corporation, would acquire the entire issued and to be issued share capital of Fulham Shore. The Acquisition has been effected by means of a Court-sanctioned scheme of arrangement between Fulham Shore and relevant Fulham Shore Shareholders under Part 26 of the Companies Act.

The Acquisition valued the entire issued ordinary share capital of Fulham Shore at approximately £93.4 million on a fully diluted basis. The Acquisition Price of 14.15 pence for each Fulham Shore Share represents a premium of approximately:

• 34.8 per cent. to the Closing Price of 10.50 pence per Fulham Shore Share on 4 April 2023
• 35.5 per cent. to the volume weighted average price of 10.44 pence per Fulham Shore Share for the 3 month period ended on the Latest Practicable Date

About The Fulham Shore plc

Fulham Shore owns and operates “The Real Greek” and “Franco Manca” restaurants. The Real Greek group offers modern Greek cuisine in 19 restaurants across London and Southern England, whilst Franco Manca, having opened its first restaurant in 2008, now has 55 restaurants across the UK.

Ticker: FUL

Market Cap: £89.5 million*

Website: Click here

*Market cap as at 12/07/23