Tasty, the operator of the Dim T chain of restaurants, has this morning unveiled a share placing to fund expansion alongside interim results. It raised £3m by placing 3.23m shares at 93p per share, which will fund the expansion of its restaurants and to establish a central kitchen. Tasty reported a 6.6% increase in pre-tax profit to £90,000 on sales up from £975,000 to £1.15m, for the 26 weeks ending 2 July. However, operating profit dropped to £69,000 compared to £79,000 over the same period in the previous year. Dim T, which was established by Adam and Sam Kaye, founders of the ASK pizza and pasta chain, currently operates four Dim T restaurants, three in London, and one in Tunbridge Wells. It said it anticipated opening two more outlets before the end of the year, and has already signed on a fourth site in the capital at the More London development. The group has set a roll out target of 24 sites over the next three years. The Kaye brothers, who are the main investors in the venture, purchased 726,476 new shares in the new placing. They each now hold nearly 6m ordinary shares in the company, each holding representing 22.89%. Their father Phillip, who founded the Golden Egg and Garfunkel’s restaurant chain, purchased 41,669 new shares, and now has a holding of approximately 1.54m ordinary shares, representing 5.91%. Although Adam and Sam Kaye sit on the board, the business is run by chief executive Johnny Plant, and chaired by Keith Lassman, a London lawyer. Lassman purchased 10,752 news shares, and now holds 29,982 ordinary shares, representing 0.12%. Tasty previously raised expansion funds of £1.8m through listing the company on AIM, in June. The company said current trading was in line with expectations.