Taste Holdings moves from AltX to main board
Following its fifth anniversary on the AltX, Taste Holdings announced that it would be moving to the General Retailers sector of the main board of the Johannesburg Stock Exchange (JSE) on 8 July 2011.
Taste Holdings' CEO Carlo Gonzaga
This follows the announcement of good annual results and declaration of a maiden dividend. The listing will essentially distinguish the franchise specialist more appropriately, given the diverse nature of the business.
"When we listed on the AltX, it was always our goal to advance to the main board. After releasing a strong set of results in a recessionary environment, we believe that now is the right time to do it," explained CEO of Taste Holdings, Carlo Gonzaga.
A South African-based group, it invests in a portfolio of mostly franchised, category specialist restaurant and retail brands represented in more than 320 locations nationally. The stable includes Scooters Pizza, Maxi's St Elmo's Woodfired Pizza in the food division and NWJ, the country's third-largest jewellery chain.
