(“BigDish” or the “Company”)
Statement re Share Price Movement
BigDish Plc (LON: DISH), notes yesterday’s significant upward movement in its share price.
The Company announced via RNS Reach on 9 July 2020 regarding the Eat Out To Help Out government initiative and stated that:
“The new Software-as-a-Service (“SaaS”) model, including a more flexible BigDish reservation platform that includes dynamic pricing functionality, alongside Government funded discounts, creates a potentially interesting scenario for the Company where there is a unique window of opportunity to onboard restaurants to BigDish in order to market the government funded discounted restaurant tables. If successful, this would provide the opportunity for BigDish to develop the relationship further with any newly acquired restaurants beyond the month of August to use its flexible reservation platform and to introduce BIgDish-to-GO.”
During the normal course of its business, the Company does use social media channels to promote certain restaurants to consumers. The Company does not consider this to be material.
The Company notes that Pizza Hut has registered for the government’s Eat Out To Help Out scheme. Pizza Hut have agreed to join BigDish in order for BigDish to amplify Pizza Hut’s participation in the initiative. The Company will be seeking to add more restaurants who are participating in the initiative. As previously announced, the Company is not charging restaurants to join BigDish in order for BigDish to amplify participation in the Eat Out To Help Out initiative. The Company would like to refer shareholders to the announcement on 17 July 2020 entitled Business Update for further detail.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)
|Zak Mir, Digital Communications Officer, BigDish||+44 (0) 7867 527659|
|Jonathan Morley-Kirk, Non-Executive Chairmanemail@example.com|