Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
Investing.com -- Tasty Plc (LON:TAST) stock surged 54.5% following confirmation that the casual dining restaurant operator is in advanced discussions with former PizzaExpress CEO David Page regarding a potential board appointment.
The company released a statement in response to recent share price movements and press speculation, confirming it has held advanced talks with Page, who previously served as Chief Executive Officer of PizzaExpress plc and Executive Chairman of The Fulham Shore plc.
Tasty is also in discussions with Nicholas Wong, former Finance Director of The Fulham Shore plc.
In addition to the potential leadership changes, Tasty revealed it is "evaluating funding options with a view to investing in future strategic opportunities," which may include an equity placing.
The company indicated it would make further announcements "as and when appropriate."
The significant stock jump reflects investor enthusiasm about the possible addition of experienced industry executives to Tasty’s leadership team.
Page brings substantial expertise from his time at major restaurant chains, potentially signaling a new strategic direction for the AIM-listed company.
Tasty operates in the competitive casual dining sector, which has faced numerous challenges in recent years including rising costs and changing consumer preferences.
The company’s consideration of funding options suggests it may be preparing for expansion or strategic repositioning in the market.