Individual Restaurant Company, the operator behind the Piccolino and Restaurant Bar & Grill formats, delisted its shares from AIM as of this morning. The move comes after W2D2 Ltd, the consortium led by leading shareholder Malcolm Walker and chief executive Steven Walker, said it had received valid acceptances of 75.77% for its takeover bid of the company. The bid, which values the 33-strong group at around £17.4m including debt, was declared wholly unconditional at the start of June. W2D2 Ltd made its initial bid for IRC in April and said at the time that it believed the company “requires additional capital in order to re-commence its long term growth plans”, and that its current bank facility “does not have sufficient headroom to allow additional capital expenditure”. The consortium offered 9.5p a share for the company, which valued it at £5.67m. IRC currently has a net debt of around £11.7m. Robert Breare, chairman, and non-executive director Richard Sampson stepped down from the company’s board, over two weeks after the takeover approach from the W2D2 Ltd consortium was declared wholly unconditional.