30 sep 25   bow street group plc - interim results bow street group plc. | bow | 0.5 0 0.0% | mkt cap: 11.1m    rns number : 3047b bow street group plc 30 september 2025   30 september 2025   bow street group plc   ("bow street group", the "group" or the "company")   unaudited interim results for the 26 weeks ended 29 june 2025 bow street group (aim: bow), formerly tasty plc, the owner and operator of "wildwood" and "dim t" restaurants, announces its interim results for the 26-week period ended 29 june 2025 ("h1 2025" or the "period").   h1 2025 key points:   ·    revenue of £15.1m (26 week period ended 30 june 2024 "h1 2024": £19.1m), a decrease of 21.0%, in part driven by restructuring of the group's estate with 32 restaurants trading at the end of the period (h1 2024: 37 restaurants) ·    adjusted ebitda1 of £1.2m (h1 2024: £1.9m) ·   impairment charge of £7.0m (h1 2024: £0.8m) following review across the group's right-of-use-assets and property, plant and equipment ·    operating loss before highlighted items for the period of £0.2m (h1 2024: profit £0.6m) ·    net cash balance at 29 june 2025 (excluding property lease liabilities) of £2.4m (h1 2024: £2.2m) ·    full and final settlement for an insurance claim of £2.5m before expenses received in january 2025 ·    restructuring plan formally completed in july 2025 post period: a new name, a new plan, a new future:   three significant events occurred on 4 september 2025, post the period end, which have transformed the company, its growth strategy and prospects:   ·    £10.1m  (before expenses) raised from new and existing shareholders, refinancing the group. these funds will allow the board to refurbish the existing estate, where needed, and update the property portfolio as appropriate. however, more importantly, the funds raised will enable the company to deliver organic growth and acquire new restaurant brands with growth potential. ·    appointments of david page as executive chairman and nick wong as chief financial officer. david and nick have 52 and 21 years of restaurant experience respectively. ·   the group acquired the ventnor bay company limited ("vbc"), a private investment vehicle controlled by david page and nick wong at net cash value. the only asset of vbc was approximately £200,000 of cash. on 9 september 2025, the company changed its name to bow street group plc. 1    adjusted for depreciation, amortisation and highlighted items (full definition can be found in note 3 to the unaudited interim financial information).  david page, executive chairman of bow street group, said: "since the period end, the group has embarked on a new chapter. we have a stronger balance sheet and a new strategy which involves enhancing and refurbishing the existing estate, investing in the wildwood and dim t brands, upgrading technology, and delivering acquisitions of successful scalable restaurant businesses.   "i am excited to have joined the group earlier in september alongside nick. we are working closely with jonny and the rest of the team and moving quickly to deliver our plans that will generate value for the group's shareholders." jonny plant, chief executive of bow street group, said: "during the first half of the year, the group's revenue was impacted by the well-publicised external pressures impacting across the casual dining sector, as well as the effect of our restructuring plan which meant that we traded from five fewer restaurants at the period end compared to the prior year. against this backdrop, we have been firmly focused on driving efficiencies to offset cost inflation and protect ebitda. "we enter the second half of the year in a much stronger position than we have been in for several years. i am delighted to be working closely with david and nick, who have a formidable track record in the hospitality sector, as we deliver the revised growth strategy. it is an exciting time for bow street group, with our stronger balance sheet giving us the opportunities to invest in our brands and estate, which in turn will allow us to deliver a better experience to customers and ultimately achieve sustainable, profitable growth."   for further information, contact:   bow street group plc tel: 020 7637 1166 david page - executive chairman jonny plant - chief executive officer nick wong - chief financial officer       cavendish capital markets limited (nominated adviser and joint broker) tel: 020 7220 0500 katy birkin / george lawson / trisyia jamaludin - corporate finance dale bellis / harriet ward - sales and corporate broking     allenby capital limited (joint broker) tel: 020 3328 5656 nick naylor / piers shimwell - corporate finance jos pinnington - sales and corporate broking    hudson sandler (financial pr) tel: 020 7796 4133 bowstreetgroup@hudsonsandler.com alex brennan / harry griffiths / jackson redley      chairman's statement introduction i am pleased to announce the group's unaudited interim results for the 26 weeks ended 29 june 2025 ("h1 2025" or the "period"). since the period end, the group has entered a new chapter, with a strengthened executive team, new name and new plan to create value for shareholders. as such, we look forward with confidence as we focus on executing our plans to grow the group, both organically and through targeted acquisitions.   h1 2025 trading performance during the period, the group continued to experience disruption as a direct consequence of the restructuring plan instigated in april 2024 (the "restructuring plan"). three restaurants closed in the first quarter as part of the restructuring plan and a further restaurant closed and was sold in the period to an independent operator with all of the staff transferred. as a result, the group traded from 32 restaurants at the end of h1 2025, compared with 37 at the end of the 26 weeks ended 30 june 2024 ("h1 2024") (51 at the beginning of h1 2024).   as expected, revenue decreased by 21.0% to £15.1m (h1 2024: £19.1m) primarily due to the impact of the site closures at the end of h1 2024 and a challenging trading environment in the first few months of the year, as previously reported. food inflation remained significant during the period. in addition, in april 2025, labour costs were impacted by the widely reported national minimum wage increase, coupled with the 1.2% increase in employer's national insurance contribution ("ernic") and the reduction in the ernic threshold from £9,100 to £5,000 which affected all our employees. the group managed these cost pressures through various revised menu offerings and a continued drive on labour efficiency. the group's adjusted ebitda* for the period was £1.2m (h1 2024: £1.9m) while the group incurred an operating loss before highlighted items of £0.2m (h1 2024: profit £0.6m). further to the announcement on 1 august 2025, the board has reviewed the impairment provision across the group's right-of-use-assets and property, plant and equipment and, as a result, we have made a net provision of £7.0m (h1 2024: £0.8m). after taking this into account, along with other non-trading items, the group reported a statutory loss after tax for the period of £7.5m (h1 2024: profit £13.4m). cashflow cash inflow from operations improved to £0.7m (h1 2024: inflow £0.2m). overall, the net cash outflow for the period was £0.9m (h1 2024: outflow £1.2m), primarily driven by £1.0m (h1 2024: £1.2m) paid on lease liabilities. in january 2025 the group received a full and final settlement payment for an insurance claim of £2.5m before expenses relating to losses in 2020. as at 29 june 2025, the group had a net cash position, before property lease liabilities, of £2.4m (30 june 2024: £2.2m).   current trading in the second half of the financial year, our restaurants and customers have continued to be impacted by the ongoing political and economic uncertainty in the uk, in turn impacting consumer confidence. the group has pleasingly seen an improved performance since the summer holiday period and is looking to build on positive trading as the fourth quarter begins in the run up to the important festive period.  revised growth strategy on 4 september 2025, post the period end, the group completed a fundraising of £10.1m (before expenses) alongside the acquisition of the ventnor bay company limited and the appointments of david page as executive chairman and nick wong as chief financial officer.   the board believes the enhanced executive team, together with the proceeds of the fundraising, will be transformative for the group's prospects by improving the performance of the existing estate whilst also providing the opportunities to acquire attractive restaurant brands with growth potential.   the enhanced executive team has commenced the planning process for the various components of the revised growth strategy. the capital investment programme for the wildwood and dim t brands, which is required to correct many years of under investment, has already commenced and should provide the group with opportunities to grow sales and to increase shareholder value.   on 9 september 2025, the company name changed to bow street group plc.   outlook the group has commenced the execution of the revised growth strategy announced as part of the fundraising in august 2025. this has resulted in the group having net cash (excluding property lease liabilities) of approximately £11.3m at 28 september 2025, secured the long-term prospects for the group and positioned it for sustainable growth. the group will refurbish restaurants where there is a clear potential to increase trade and will actively adjust the property portfolio where appropriate. we will also seek out and partner with successful restaurant entrepreneurs, leveraging bow street group's status as a highly attractive platform for exciting eating out brands, offering structural benefits of scale, operational synergies, and attractive incentivisation plans for management teams.   with a clear plan, i am excited to work with our teams across the business to deliver our growth strategy and generate value for the group's shareholders.   david page executive chairman bow street group plc   30 september 2025   * definition of adjusted ebitda can be found in note 3 to the unaudited interim financial information.   bow street group plc consolidated statement of comprehensive income for the 26 weeks ended 29 june 2025 (unaudited)    26 weeks   ended  26 weeks  ended  52 weeks  ended      29 june  30 june  29 december      2025  2024  2024    notes £'000  £'000  £'000       revenue 3 15,089  19,140  36,615       cost of sales  (14,420) (17,791) (34,562)      gross profit   669  1,349  2,053       other income  128  280  3,209       operating expenses  (7,646) 12,436  12,068       operating (loss)/profit before highlighted items    (232)   590    401  highlighted items 4 (6,617) 13,475  16,929       operating (loss)/profit   (6,849) 14,065  17,330  finance income  34  82  122  finance expense  (675) (765) (1,405)      (loss)/profit before tax   (7,490) 13,382  16,047      income tax 5 -  -  -       (loss)/profit and total comprehensive income for period     (7,490)   13,382    16,047         (loss)/earnings per share attributable to the ordinary equity holders of the company        basic 6 (3.79)p 9.15p 9.57p diluted 6 (3.79)p 8.22p 8.75p      bow street group plc consolidated statement of changes in equity for the 26 weeks ended 29 june 2025 (unaudited)  share share merger retained total   capital premium reserve deficit equity   £'000 £'000 £'000 £'000 £'000       balance at 31 december 2023 6,061  24,254  992  (47,817) (16,510) total comprehensive income for the period   -    -    -    13,382    13,382  share based payments -  -  -  15  15  balance at 30 june 2024 6,061  24,254  992  (34,420) (3,113)       issue of ordinary shares 51  699  -  -  750  total comprehensive income for the period   -    -    -    2,665    2,665  share based payments -  -  -  10  10  balance at 29 december 2024 6,112  24,953  992  (31,745) 312        total comprehensive income for the period   -    -    -    (7,490)   (7,490) share based payments -  -  -  (113) (113) balance at 29 june 2025 6,112  24,953  992  (39,348) (7,291)     bow street group plc consolidated balance sheet at 29 june 2025 (unaudited)   as at  as at  as at    29 june  30 june  29 december    2025  2024  2024    notes £'000  £'000  £'000  non-current assets     intangible assets  27  30  28  property, plant and equipment 7 8,026  11,452  10,643  right-of-use- assets 7 14,918  21,951  20,715  other non-current assets  15  15  15  total non-current assets   22,986  33,448  31,401       current assets     inventories  1,248  1,395  1,293  trade and other receivables  2,174  2,636  3,503  cash and cash equivalents  2,431  2,993  3,301  total current assets    5,853  7,024  8,097            assets held for sale   -  -  113            total assets   28,839  40,472  39,611       current liabilities     trade and other payables  (7,878) (9,991) (9,978) lease liabilities 8 (1,503) (1,681) (1,407) borrowings  -  (750) -       total current liabilities  (9,381) (12,422) (11,385)      non-current liabilities     provisions  (342) (342) (342) lease liabilities 8 (26,400) (30,764) (27,500) other payables  (7) (57) (72) total non-current liabilities   (26,749) (31,163) (27,914)           total liabilities  (36,130) (43,585) (39,299)      total net (liabilities)/assets  (7,291) (3,113) 312       equity     share capital  6,112  6,061  6,112  share premium  24,953  24,254  24,953  merger reserve  992  992  992  retained deficit  (39,348) (34,420) (31,745) total equity  (7,291) (3,113) 312     bow street group plc consolidated cash flow statement for the 26 weeks ended 29 june 2025 (unaudited)    26 weeks  ended  26 weeks  ended  52 weeks  ended    29 june  30 june  29 december    2025  2024  2024    notes £'000  £'000  £'000       operating activities     cash generated from operations 9 709  150  1,935  net cash inflow from operating activities 709  150  1,935       investing activities     proceeds from sale of property, plant and equipment   123  -  161  costs due to sale of property, plant and equipment   -  (161) -  purchase of property, plant and equipment  (57) (89) (288) interest received  34  82  122  net cash flows used in investing activities 100  (168) (5)      financing activities     net proceeds from issues of ordinary shares  -  -  750  loan received  -  750  -  finance expense  -  -  (29) finance expense (ifrs16)  (675) (765) (1,376) principal paid on lease liabilities  (1,004) (1,151) (2,151) net cash flows used in financing activities  (1,679) (1,166) (2,806)         net increase in cash and cash equivalents   (870) (1,184) (876) cash and cash equivalents at beginning of the period  3,301  4,177  4,177  cash and cash equivalents at end of the period 2,431  2,993  3,301    bow street group plc notes to the unaudited interim financial information for the 26 weeks ended 29 june 2025 (unaudited) 1    general information bow street group plc is a public limited company incorporated in the united kingdom under the companies act (registration number 05826464). the company is domiciled in the united kingdom and its registered address is 32 charlotte street, london, w1t 2nq. the company's ordinary shares are traded on the aim market of the london stock exchange ("aim"). copies of this interim statement may be obtained from the above address or on the investor relations section of the company's website at www.bowstreetgroup.com. 2    basis of accounting the unaudited interim financial information for the 26 weeks ended 29 june 2025 has been prepared under accounting policies consistent with international financial reporting standards (ifrs) and international financial reporting interpretations committee (ifric) interpretations as endorsed by the united kingdom. the same accounting policies, presentation and methods of computation have been followed in the preparation of these results as were applied in the company's latest annual audited financial statements.   the financial information for the 26 weeks periods ended 29 june 2025 and 30 june 2024 have not been subject to an audit nor a review in accordance with international standard on review engagements 2410, review of interim financial information performed by the independent auditor of the entity, issued by the financial reporting council. the financial information for the period ended 29 december 2024 does not constitute the full statutory accounts for that period. the annual report and financial statements for the year ended 29 december 2024 have been filed with the registrar of companies. the independent auditors' report on the annual report and financial statements for the year ended 29 december 2024 was unqualified, did not draw attention to any matters by way of emphasis, and did not contain a statement under 498(2) or 498(3) of the companies act 2006. the unaudited interim financial information is presented in pounds sterling, being the currency of the primary economic environment in which the group operates, and all values are rounded to the nearest thousand pounds (£'000) except when otherwise indicated. changes in accounting policies and disclosures there were no changes in accounting policies and disclosures during the period. use of judgements and estimates in preparing this unaudited interim financial information, management has made judgements and estimates that affect the application of accounting policies and measurement of assets and liabilities, income and expense provisions. actual results may differ from these estimates.   going concern the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. in reaching this conclusion the directors have considered the financial position of the group, the fundraising completed after the period end, forecasts, availability of potential equity funding, other longer term plans and taking into account possible changes in trading performance. the group monitors cash balances and the impact of inflation closely to ensure there is sufficient liquidity. accordingly, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. 3    revenue, other income and segmental analysis the group's activities, comprehensive income, assets and liabilities are wholly attributable to one operating segment (operating restaurants) and arise solely in the one geographical segment (united kingdom) that the group is located and operates in. all the group's revenue is recognised at a point in time being when control of the goods has transferred to the customer.   an analysis of the group's total revenue is as follows:   26 weeks  ended  26 weeks  ended  52 weeks  ended    29 june  30 june  29 december    2025  2024  2024    £'000  £'000  £'000      sale of goods and services: dine-in 13,481  17,186  33,241  sale of goods and services: delivery and takeaway 1,608  1,954  3,374    15,089  19,140  36,615    an analysis of the group's other income is as follows:   26 weeks  ended  26 weeks   ended  52 weeks  ended    29 june  30 june  29 december    2025  2024  2024    £'000  £'000  £'000      rental income 14  75  106  insurance settlement -  -  2,500  apprenticeship government funding -  -  198  lease compensation -  -  311  other 114  205  94    128  280  3,209    adjusted ebitda and adjusted headline ebitda are key measures for the group as well as industry analysts as they are indicative of ongoing ebitda generation of the businesses. adjusted ebitda is defined as ebitda before share based payments and pre-opening costs, where ebitda is defined as operating profit before depreciation and amortisation, amortisation of brand, impairment of property, plant and equipment, impairment of goodwill and intangible assets, impairment and changes in fair value of investments, covid19 related costs, restructuring costs, costs of reverse acquisition, cost of acquisition and loss on disposal of property, plant and equipment. adjusted headline ebitda is defined as adjusted ebitda less rent expense calculated on an accrual basis which excludes the effect of ifrs16.   26 weeks  ended  26 weeks  ended  52 weeks  ended    29 june  30 june  29 december    2025  2024  2024    £'000  £'000  £'000  operating (loss)/profit before highlighted items (232) 590  401  depreciation of pp&e and amortisation 485  446  1,319  depreciation of right-of-use assets 930  858  1,890  adjusted ebitda 1,183  1,894  3,610  adjustment for rent expenses (1,709) (2,251) (3,903) adjusted headline ebitda (pre ifrs16) (526) (357) (293)   4    highlighted items - charged to operating expenses   26 weeks  ended  26 weeks  ended  52 weeks  ended    29 june  30 june  29 december    2025  2024  2024    £'000  £'000  £'000  loss on disposal of property, plant and equipment (21) (293) (225) insurance settlement -  -  2,500  restructure and consultancy 368  (650) (1,770) impairment of right-of-use assets (4,865) (450) (1,450) impairment charge of property, plant and equipment (2,178) (305) (466) share based payments 113  (15) (25) post closure costs (34) (185) (222) gain on lease modifications -  15,373  18,587  total highlighted items (6,617) 13,475  16,929    the above items have been highlighted to give more detail on items that are included in the consolidated statement of comprehensive income and which when adjusted shows a profit or loss that reflects the ongoing trade of the business.  5     income tax the income tax charge has been calculated by reference to the estimated effective corporation tax and deferred tax rates of 25% (2024: 25%). tax charge £nil (2024: £nil). the tax charge for the period is lower than the standard rate of (2024: lower than) corporation tax in the uk due to movement in deferred tax not recognised. 6    earnings per share  26 weeks  ended  26 weeks  ended  52 weeks  ended   29 june  2025  30 june  2024  29 december  2024   £'000  £'000  £'000          (loss)/profit for the purposes of basic and diluted earnings per share (7,490) 13,382  16,047       29 june  2025  30 june  2024  29 december  2024   number  '000  number  '000  number   '000      weighted average number of shares for the calculation of basic earnings per share   197,685    146,315    167,766      effect of dilutive potential ordinary shares:    -ordinary b shares -  10,451  10,451  -share options -  6,085  5,105      weighted average number of shares for the calculation of diluted earnings per share   197,685    162,851    183,322          26 weeks  ended  26 weeks  ended  52 weeks  ended   29 june  30 june  29 december   2025  2024  2024   pence  pence  pence      basic (loss)/profit per ordinary share (3.79)p 9.15p 9.57p     diluted (loss)/profit per ordinary share (3.79)p 8.22p 8.75p   the basic and diluted (loss)/profit per share figures are calculated by dividing the net (loss)/profit for the period attributable to shareholders by the weighted average number of ordinary shares in issue during the period. the diluted earnings per share figure allows for the dilutive effect of the conversion into ordinary shares of the weighted average number of options outstanding during the period. options are only taken into account when their effect is to reduce basic earnings per share.  7    property, plant and equipment and right-of-use assets  leasehold  improvements  furniture  fixtures and  computer  equipment  total  property,   plant and  equipment  right of use  assets  total    £'000  £'000  £'000  £'000  £'000  cost      at 31 december 2023 37,314  10,964  48,278  55,919  104,197        additions 60  228  288  764  1,052  lease modification -  -  -  24  24  disposals (11,272) (2,700) (13,972) (17,606) (31,578) reclassified as held for sale (663) (81) (744) (471) (1,215) at 29 december 2024 25,439  8,411  33,850  38,630  72,480        additions 3  54  57  - 57  lease modification -  -  -  - -  disposals (2,024) (368) (2,392) (1,181) (3,573) at 29 june 2025 23,418  8,097  31,515  37,449  68,964       depreciation      at 31 december 2023 27,058  8,972  36,030  32,630  68,660  provided for the period 770  546  1,316  1,890  3,206  impairments 253  213  466  1,450  1,916  disposals (11,204) (2,749) (13,953) (17,605) (31,558) reclassified as held for sale (613) (39) (652) (450) (1,102) at 29 december 2024 16,264  6,943  23,207  17,915  41,122        provided for the period 269  214  483  930  1,413  impairments 2,011  167  2,178  4,865  7,043  disposals (2,024) (355) (2,379) (1,179) (3,558) at 29 june 2025 16,520  6,969  23,489  22,531  46,020         net book value      at 29 june 2025 6,898  1,128  8,026  14,918  22,944        at 29 december 2024 9,175  1,468  10,643  20,715  31,358    during the 26 weeks ended 29 june 2025, the group recognised an impairment charge of £7.0m (2024: £0.8m) made up of impairment of right-of-use assets of £4.8m (2024: £0.5m) and impairment of property, plant and equipment of £2.2m (2024: £0.3m). the impairment movement is due to the reassessment by each individual cash generating unit following a change in performance and/or change in assets. the impairment calculation is sensitive to changes in the assumptions and estimates used in the underlying forecasts of future performance and cash flows.   8    lease liabilities   26 weeks  ended  26 weeks  ended  52 weeks  ended    29 june  30 june  29 december    2025  2024  2024    £'000  £'000  £'000  current     lease liabilities   1,503  1,681  1,407       non-current     lease liabilities 26,400  30,764  27,500       total 27,903  32,445  28,907              due within one year 1,503  1,681  1,407  due two to five years 11,279  13,028  11,646  due over five years 15,121  17,736  15,854  total 27,903  32,445  28,907    lease liabilities are measured at the present value of the remaining lease payments, discounted using the group's incremental borrowing rate of 4.5% and the bank of england (boe) base rate at the time of any lease modification or a new lease.  the average rate used for modification in 2025 was 4.97% (2024: 4.73%).   the right-of-use assets all relate to property leases. the right-of-use assets as at 29 june 2025 were £14.9m (2024: £21.9m). during the period ended 29 june 2025 the group made a provision for impairment of the right-of-use assets against a number of sites totalling £4.8m (2024: £0.5m).    included in profit and loss for the period is £0.9m (2024: £0.9m) depreciation of right-of-use assets and £0.7m (2024: £0.8m) financial expenses on lease liabilities.   9    reconciliation of result before tax to net cash generated from operating activities   26 weeks  ended  26 weeks  ended  52 weeks  ended    29 june  30 june  29 december    2025  2024  2024    £'000  £'000  £'000      (loss)/profit before tax (7,490) 13,382  16,047  finance income (34) (82) (122) finance expense -  -  29  finance expense (ifrs 16) 675  765  1,376  share based payment charge (113) 15  25  depreciation of right-of-use assets (ifrs 16) 930  858  1,890  depreciation of property, plant and equipment 483  444  1,316  amortisation of intangible assets 2  2  3  impairment charge of property, plant and equipment   2,178    305    466  impairment of right-of-use assets 4,865  450  1,450  loss from sale of property, plant and equipment 21  293  20  recognition of grant income -  -  (198) disposal of lease liabilities (ifrs 16) -  (15,301) (18,587) other non cash items (15) (2) (38) decrease in inventories 44  525  628  decrease/(increase) in trade and other receivables   1,329    (1,044)   (1,912) decrease in trade and other payables (2,166) (460) (458) net cash inflow from operating activities 709  150  1,935      10  changes in net debt from financing activity       cash and  cash  equivalents        short term  borrowings    total  before  lease  liabilities  lease  liabilities  due  within  1 year  lease  liabilities  due  after  1 year          total    £'000    £'000    £'000    £'000    £'000  £'000  net debt at 31 december 2023 4,177  -  4,177  (2,186) (46,745) (44,754)        cashflow (1,184) (750) (1,934) 1,151  -  (783) addition/(decrease) to lease liability   -    -    -    (646)   15,981    15,335  net debt at 30 june 2024 2,993  (750) 2,243  (1,681) (30,764) (30,202)        cashflow 308  750  1,058  1,000  -  2,058  addition/(decrease) to lease liability   -    -    -  (726) 3,264  2,538  net debt at 29 december 2024 3,301  -  3,301  (1,407) (27,500) (25,606)        cashflow (870) -  (870) 1,004  -  134  addition/(decrease) to lease liability   -    -    -  (1,100) 1,100  -  net debt as at 29 june 2025 2,431  -  2,431  (1,503) (26,400) (25,472)   11  post balance sheet events on 27 july 2025, the group's restructuring plan, that was sanctioned in june 2024, formally completed. on 4 september 2025, the group completed its fundraising of £10.1m, before expenses, from the issue of 2,023,587,240 new ordinary shares of 0.1p each ("ordinary shares") at 0.5p per share (the "issue price"). on the same day, the company issued a further 40,000,000 ordinary shares at the issue price to acquire the entire issued share capital of the ventnor bay company limited and appointed david page as executive chairman and nick wong as chief financial officer. on 9 september 2025, the company changed its name to bow street group plc. this information is provided by rns, the news service of the london stock exchange. rns is approved by the financial conduct authority to act as a primary information provider in the united kingdom. terms and conditions relating to the use and distribution of this information may apply. for further information, please contact rns@lseg.com or visit www.rns.com.  rns may use your ip address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. for further information about how rns and the london stock exchange use the personal data you provide us, please see our privacy policy.   end   ir kklfleklzbbv return to news summary

Label: Neutral