Investor Relations

The Board is accountable to the Company’s shareholders for maintaining high standards of Corporate Governance. The Directors acknowledge the principles set out in the Combined Code issued by the committee on Corporate Governance (the “Code”), although they do not comply with the Code. The Board are committed to maintaining a high level of corporate governance in so far as it considered to be appropriate for a smaller quoted (AIM-listed) company. The Company is subject to the UK City Code on Takeovers and Mergers.

The Board

The Board currently comprises three executive directors and two non-executive directors. Board meetings are held on a monthly basis to review and discuss the operating and financial performance of the business and to appraise its progress against budgets and strategic plans. The Board is responsible for reviewing and approving the annual budget, together with major items of capital investment, asset acquisitions and disposals and any senior personnel appointments arising in the year.

Audit Committee

The audit committee comprises the two non-executive directors and is chaired by Keith Lassman. It meets at least once a year to consider the reports issued by the company’s auditors in respect of its Annual Report and Accounts and review any material issues arising from the annual audit process. A representative from the company’s external auditors will be in attendance. Executive directors may be in attendance at the meeting but only by invitation. In addition, Keith Lassman is available to the auditors at all times to discuss such matters as and when required. The committee is also responsible for assessing the cost effectiveness of the audit process, together with the ongoing independence of the company’s appointed auditors.

Remuneration committee

The remuneration committee comprises of Keith Lassman (Non-Executive Chairman) and Adam Kaye (Non-Executive Director).

Internal controls

The Board is responsible for establishing and maintaining the system of internal financial control of the business and places importance on maintaining a strong control environment. The system of internal control is designed to manage rather than eliminate the risk of failure to achieve business objectives.

click here to view the companies Memorandum and Articles of Association

Board of Directors

Keith Lassman (Non Executive)
Daniel Jonny Plant (Joint Chief Executive Officer)
Samuel Kaye (Joint Chief Executive Officer)
Adam Kaye (Non Executive Director)
Tim Cundy (Finance Director)

Secretary and Registered Office

Keith Lassman
Tasty plc
32 Charlotte Street
London
W1T 2NQ

Audit Committee

Keith Lassman (Non Executive Chairman)
Adam Kaye (Non Executive Director)

Director biographies

Keith Lassman – Non-executive Chairman
Keith is a senior partner in the corporate finance department of London law firm, Howard Kennedy and brings considerable experience to the Board in a broad range of corporate finance transactions including acquisitions, disposals and capital raising. He is also Deputy Chairman of the EIS Association and a member of the Securities Institute.

As the senior non-executive director and Chairman, Keith is responsible for leading the Board in its discussions and deliberations.

Jonny Plant – Joint Chief Executive Officer
Jonny is a graduate in Accounting & Finance who converted to Property, Valuation & Law at City University. He joined a London-based commercial surveying practice in 1991, qualified as a Chartered Surveyor in 1994 and for seven years was involved with valuation, general agency, and landlord and tenant matters. Jonny gained particular expertise in the retail and catering sectors especially through extensive restaurant acquisition for Wagamama. In 1998, Jonny joined Alan Yau and was in charge of commercial operations, new projects and property matters for the company. While there he project managed and opened numerous Thai, Chinese and dim sum restaurants.

Jonny has overall responsibility for all aspects of the day to day running of the restaurant operations and also for the longer term strategic direction of the company. He adopts a hands-on approach to expanding the business by leading the new site selection process.

Samuel Kaye – Joint Chief Executive Officer
Sam studied catering at Westminster College, London and in 1993, founded ASK Central plc with his brother Adam. The first ASK restaurant was opened at Haverstock Hill in 1993. ASK Central plc was sold in 2004.

Sam has responsibility for central kitchen and menu development and devising new concepts or brands. He also deals with suppliers with regard to negotiation of terms for food and drink purchases.

Adam Kaye – Non-executive Director
Adam founded ASK Central plc with his brother Sam in 1993. Adam studied catering at Westminster College, London and subsequently worked at City Centre Restaurants, before opening the first ASK restaurant at Haverstock Hill in 1993. ASK Central plc was sold in 2004.

Adam brings considerable operational experience to his supporting role at regular board meetings.

Tim Cundy – Finance Director
Tim has a business degree from Swansea specialising in finance and law. He qualified as a Chartered Accountant in 2008 and gained experience in the restaurant sector with the Gordon Ramsay Group. Tim joined Tasty in 2013 and was appointed Finance Director in March 2016

Advisers

Nominated broker & adviser:
Cenkos Securities plc
6.7.8 Tokenhouse Yard
London EC2R 7AS

Auditors:
BDO Stoy Hayward LLP
8 Baker Street
London W1U 3LL
Tel +44 (0) 207 486 5888

Solicitors:
Howard Kennedy
19 Cavendish Square
London W1A 2AW

Glovers:
115 Park Street
London W1K 7DY

Registrars:
Computershare Investor Services plc
P O Box 82
The Pavillions
Bridgwater Road
Bristol BS99 7NH
Tel +44 (0)870 703 6066

Information on this section of the website was last updated on 26 July 2016.