Restaurant Group up after chairman steps down

Restaurant

08/09/2023 08:40

** Wagamama owner Restaurant Group's shares  RTN.L  up 3.7%
to 45.9p
    ** Chairman Ken Hanna to step down after months of pressure
from activist investors 
    ** Hanna informed of his intention not to seek re-election
at the group's next annual general meeting due to personal
reasons, and will remain chair until a successor is appointed
    ** Activist shareholders Oasis Management and Irenic Capital
Management seeking changes in management, as shares lost
two-third of value last year 
    ** Up to Thursday's close, stock up ~47% YTD 
    
   

 (Reporting by Khushi Mandowara in Bengaluru)
 ((Khushi.Mandowara@thomsonreuters.com;))