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BigDish #DISH – Exercise of Warrants

BigDish Plc (LON:DISH), a food technology company that operates a yield management platform for restaurants, announces that it has received a Notice of Exercise from a warrant holder in relation to an exercise of warrants over 500,000 common shares (“Common Shares”) of no par value in the capital of the Company at an exercise price of 4.5p.  The proceeds for the Company in relation to the warrant exercise is £22,500.

Following the Admission of the Common Shares, the total issued share capital of the Company will be 315,514,186 Common Shares.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)

Enquiries:

Blytheweigh

+44 (0) 20 7138 3204

Tim Blythe

Julia Tilley

Notes to Editors

BigDish Plc is a London Stock Exchange listed food technology company that operates a yield management platform for the restaurant industry, including a mobile App.

The Company helps restaurants in the UK fill their spare capacity and optimise their revenues through smart and dynamic discounts. Consumers can access these via the BigDish App and website platforms. Restaurants pay BigDish a fee per diner seated.

BigDish is fully committed to delivering shareholder value to its stakeholders through this model and is actively seeking to expand across the UK. An expansion strategy has been outlined which divides the UK into territorial target areas.

BigDish (DISH) Raise £2.1 Million Through Institutional Placing

BigDish Plc (LON:DISH), a food technology company that operates a yield management platform for restaurants, is pleased to announce that it has raised, in aggregate, £2.1 million through a placing of, in aggregate, 29,166,667 new common shares (the “Common Shares) of no par value in the capital of the Company (together, the “Issue shares) at a price of 7.2 pence per Common Share (the “Issue Price”) via an institutional placing.

Highlights:

·    Fully funded until 2021

·    Acceleration of the UK rollout

·    Acceleration of customer acquisition

·    Acceleration of new production development

Further to the announcement on 30 May 2019, BigDish was approached by an institution to provide an offer of significant expansion capital.  Whilst already being funded to execute its current strategy, the Company felt that this additional capital could further accelerate BigDish’s growth beyond this.

The additional capital will enable BigDish to accelerate the development of new features and functionality across all the BigDish platforms, as well as enable the development of further revenue streams.  It will also accelerate the UK rollout and, through increased marketing spend, help increase the rate of user acquisition.  All key metrics within BigDish are growing, such as the number of restaurants, bookings and diners seated.  This is now expected to increase at a more rapid pace.

Following the Admission of the new shares, the total issued share capital of the Company will be 315,014,186 Common Shares.

Sanj Naha, CEO, commented:

“It is truly an exciting time for BigDish and to have now gained the confidence of an institutional fund is fantastic.  BigDish is now entering the hypergrowth phase and the additional capital enables us to achieve our goals for the UK rollout, customer acquisition and positive cashflow.

“Over the past few weeks I have travelled to various parts of the UK, laying the foundations for the BigDish national expansion.  The BigDish yield management value proposition is being well received by the restaurants and restaurants groups that I am meeting with.  Furthermore, I am having positive discussions with various media groups and other potential partners.

“I have also spent time visiting some of our existing restaurant partners and it has been great to meet restaurant owners who are now regularly seeing diners seated at their restaurant via BigDish. One particular restaurant recorded over 600 diners in April, which was a BigDish record.”

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)

Enquiries:

Blytheweigh

+44 (0) 20 7138 3204

Tim Blythe

Julia Tilley

Notes to Editors

BigDish Plc is a London Stock Exchange listed food technology company that operates a yield management platform for the restaurant industry, including a mobile App.

The Company helps restaurants in the UK fill their spare capacity and optimise their revenues through smart and dynamic discounts. Consumers can access these via the BigDish App and website platforms. Restaurants pay BigDish a fee per diner seated.

BigDish is fully committed to delivering shareholder value to its stakeholders through this model and is actively seeking to expand across the UK. An expansion strategy has been outlined which divides the UK into territorial target areas.

Brand CEO Alan Green talks i3 Energy #I3E, ECR Minerals #ECR, BigDish #DISH & Thomas Cook #TCG on Vox Markets podcast

Brand CEO Alan Green discusses i3 Energy #I3E, ECR Minerals #ECR, BigDish #DISH & Thomas Cook #TCG with Justin Waite on the Vox Markets podcast. Interview is minutes seconds in.

Aidan Bishop, Founder of BigDish (DISH) talk through the launch of their nationwide rollout on the Vox Markets podcast with Justin Waite

BigDish is a yield management platform for the restaurant industry. Through smart and dynamic discounts, BigDish helps restaurants in the UK to fill up their spare capacity and optimise their revenues.

(Interview starts at 13 minutes 50 seconds)

 

BigDish #DISH to Launch Nationwide Rollout

BigDish Plc (LON: DISH), a food technology company that operates a yield management platform for restaurants, is pleased to announce that it is ready to commence its larger UK roll out.

Highlights:

·    BigDish ready to commence its larger UK roll out

·    Brighton and Reading are expected to go live around 7 June 2019

·    The Company will develop new search functionality that will be more intuitive and provide for a better user experience.

The Company is pleased to announce, following successful launches in Swindon and Taunton, that Brighton and Reading are expected to go live with an initial selection of restaurants around 7 June 2019.  The number of restaurants available is expected to increase significantly over the weeks following these launches.

To ensure a smooth roll out, BigDish has divided the United Kingdom into ten territories.  Each territory will have one Territory Manager with the exception of London, which will have three.  The Company currently has Territory Managers for both Territory 1 and Territory 2.  BigDish will now recruit a further ten Territory Managers to cover the entire United Kingdom.  It is estimated that the recruitment process will take three to four months.  The Company expects new locations to go live at a more rapid pace as new Territory Managers are recruited throughout the United Kingdom.

Alongside the national rollout, the strategy for June is to add more restaurants to existing locations in Territory 1 and 2.

Additionally, the Company will develop new search functionality that will be more intuitive and provide for a better user experience.  This will take several months to develop and once completed, it will also create additional space within the App for new features and functionality.  The Directors consider BigDish to be first and foremost a technology platform and, as such, innovation remains at the core of the business development strategy.

The Company now has over 150 restaurants on the BigDish platform which are predominantly independent restaurants.  This is very encouraging when compared against platforms which have a majority of chain restaurants.  It gives the Company confidence that its yield management platform will continue to be well received by the restaurant sector throughout the United Kingdom.

BigDish plans to expand throughout the United Kingdom by initially targeting independent and smaller restaurant groups.  This ensures that the App will provide consumers with a wide selection of cuisines and restaurants.  The Company also expects to sign up restaurant and pub groups to the BigDish platform in the second half of the year.  The process of signing up and on-boarding groups is a longer process than it is for independent and small restaurant groups.  The Company is funded to execute its strategy.

To coincide with the Brighton launch, the Company expects to launch a partnership with a UK tech platform.  The Company expects to provide more details to the market around that time.

Sanj Naha, CEO commented:

“We are very excited to announce the plans for our nationwide UK roll out.  We have spent the last couple of months preparing our strategy for the execution of this expansion and are now ready to push the button, especially after the success of and learnings from the roll out across our first two territories.  We continue to innovate; we are a tech platform, it’s what we do.  As such, we continue to improve our App and the user experience and are looking forward to announcing our next upcoming partnership, which will help drive the business forward.

“One of our goals is for every BigDish shareholder to become a BigDish user. It is great to see shareholders reaching out and asking to be involved in the Company’s growth by introducing restaurants. This is an exciting time for BigDish as we enter our biggest growth phase yet, which should generate a high level of newsflow; we look forward to keeping the market up to date on our activities. Recent restaurant chain closures in the UK show BigDish is in the right place at the right time with the right product. Our focus remains on bringing diners back to restaurants.”

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)

 

Enquiries:

Blytheweigh

+44 (0) 20 7138 3204

Tim Blythe

Julia Tilley

 

Notes to Editors

BigDish Plc is a London Stock Exchange listed food technology company that operates a yield management platform for the restaurant industry, including a mobile App.

The Company helps restaurants in the UK fill their spare capacity and optimise their revenues through smart and dynamic discounts. Consumers can access these via the BigDish App and website platforms. Restaurants pay BigDish a fee per diner seated.

BigDish is fully committed to delivering shareholder value to its stakeholders through this model and is actively seeking to expand across the UK. An expansion strategy has been outlined which divides the UK into territorial target areas.

BigDish #DISH Founder & Chairman Aidan Bishop discusses the App rollout and growth strategy on Vox Markets podcast

Aidan Bishop, Founder and Chairman of BigDish #DISH and Justin Waite discuss the new locations being rolled out as part of their expanded growth strategy. Vox Markets podcast.

The Tray Now Standing on Platform BigDish #DISH could Head for Brighter Prospects – ShareProphets

by Malcolm Stacey

Hello Share Munchers. Now here’s a novel idea for the technological age. You’ve heard of Late Rooms which began as a way of filling empty hotels at the last minute. Well, BigDish (DISH) aims to perform similarly for restaurants. The company helps to fill tables at quiet times by offering quickly applied discounts.

Folks can get these bargain meals through the BigDish app or its website platforms. In return, the restaurants pay a fee for every customer. The share rose by 17% this week. This was on the news that a new BigDish platform has gone live in Swindon. Reading has also been added as a new location. Then BigDish comes to Taunton in a few days time. Winchester is also on the list. You may have noticed that most of these towns are within commuter distance of London. Earlier this month, it launched in Basingstoke and Exeter. Brighton will come soon. In fact, the company plans to expand throughout the UK.

So we could be looking at an early opportunity to take part is something which becomes really tasty. Though we shouldn’t perhaps get too carried away as all good ideas attract competition. And it could be from a firm with more expansion money.

Nevertheless, BigDish has a good idea here. And it should help overcome the trials that mid-range restaurants are said to be going through at the moment (like Jamie Oliver’s). In fact, the more restaurants struggle to put bums on seats, the more BigDish could flourish.

The share price has shot up since mid-April, but as expansion continues in what seem to me like wealthier southern areas, it’s possible that the share price will climb on each new location. After all, it doesn’t require too much dosh to keep adding locations. It’s not like buying a new lorry every week.

And now let’s rejoin the Punter’s Return.

Link to the full ShareProphets article here

 

Proactive Investors – BigDish #DISH aims to bring customers for restaurants and discounts for diners

The company’s website and phone app aims to help restaurants fill spare capacity by offering discounts potential diners during quieter periods.

The platform currently offers tables in Bath, Bournemouth, Bristol and Southampton, although more expansion is planned across the UK

• Platform designed to match restaurants with diners during quieter periods

• Operates through website and mobile phone app

• Rapid UK expansion planned

What BigDish does

BigDish PLC (LON:DISH) is a technology company that operates a platform that aims to help restaurants fill spare capacity by matching them with potential diners during quieter periods.

The BigDish platform does this by offering discounts to diners for reservations at restaurants at certain times of the day, usually when general demand is lower and the restaurant is looking to get people through the door.

The platform, which is operated through both a website and a mobile phone app, currently offers tables in Bath, Bournemouth, Bristol and Southampton, although more expansion is planned across the UK.

Inflexion points

• In an update in April, BigDish announced plans to add review functions, reservation sharing on social media, ‘new restaurant’ markers and search-by-region capabilities to its platform in the second quarter of 2019

• The company said it planned to hire three to four new developers for its team in Manila “as soon as possible”, with the additional cost expected to be “minimal”

• In March, the company partnered with award-winning digital advertiser Loud Mouth Media to help drive brand awareness and app usage across the UK

• The group is targeting a launch of its platform in Brighton in April or May as well as another launch in Essex in the same period

Blue Sky

Speaking to Proactive in March, BigDish’s chief executive (CEO) Sanj Naha said when seeking new regions and restaurants the company undertakes a “hands on” approach that involves not only online research but also speaking to local people and restaurant owners in order to select the best businesses for its platform.

He adds that the firm has an “aggressive target” of around 20 restaurants in the first month of operating in a new territory, with the ultimate aim to build up 200 per territory as an initial milestone.

“Twenty is a good number to launch with,” Naha says, who became CEO of BigDish in January having previously held senior positions at companies such as review site Tripadvisor and online restaurant reservation service Bookatable.

He also says that while the group is currently looking to target independent establishments, BigDish won’t shy away from approaching restaurant chains in the future.

“The sales cycle is much shorter with [an independent restaurant]” Naha says, which is better for a growing business. However he adds that BigDish is already having conversations with larger chains.

“I think the right mix as we go forward will probably be having a third of independent restaurants, a third of chains and groups, and also a third of smaller restaurant groups … once we have more of a UK presence you’ll start seeing more of those popping up in our territories.”

Naha adds that having around 6,000 restaurants using the platform within two years is “absolutely achievable”.

He cites the example of Deliveroo, which over three to four years amassed around 18,000 UK restaurants on its platform.

BigDish #DISH – Now Live in Swindon, New Locations to Go Live Shortly

BigDish Plc (LON: DISH), a food technology company that operates a yield management platform for restaurants, is pleased to announce new locations as part of the expanded growth strategy.

Highlights:

  • BigDish is now live in Swindon
  • Reading added as a new location

The Company is pleased to announce that Swindon is now live on the BigDish platform. Furthermore, Taunton is expected to go live on or around 28 May 2019.

In reference to the announcement on 8th May 2019, it is now expected that a new location, Reading, will go live prior to Winchester. This is part of the Company’s plan to expand into the London commuter towns.

Sanj Naha, CEO said: “We are very pleased with the successful launch of Swindon on the BigDish platform. We are also excited to announce that Reading will launch in the near future as part of our plan to expand into the London commuter towns. Following successful launches in Exeter and Basingstoke at the beginning of May, it is hugely encouraging that the Company is on track with its growth strategy. We look forward to updating the market next week on further significant plans regarding our roll out across the UK and a new partnership which will coincide with the launch in Brighton.”

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)

Enquiries:

Blytheweigh

+44 (0) 20 7138 3204

Tim Blythe

Julia Tilley

 

Notes to Editors

BigDish Plc is a London Stock Exchange listed food technology company that operates a yield management platform for the restaurant industry, including a mobile app.

The Company helps restaurants in the UK fill their spare capacity at quiet times and optimise their revenues through smart and dynamic discounts. Consumers can access these via the BigDish app and website platforms. Restaurants pay BigDish a fee per diner seated.

BigDish is fully committed to delivering shareholder value to its stakeholders through this model and is actively seeking to expand across the UK. An expansion strategy has been outlined which divides the UK into territorial target areas

Brand Communications CEO Alan Green talks Cadence Minerals #KDNC, RA International #RAI & BigDish #DISH on Vox Markets podcast

Brand Communications CEO Alan Green discusses Cadence Minerals #KDNC, RA International #RAI & BigDish #DISH with Justin Waite on Vox Markets podcast. Interview is 37 minutes in.

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