Individual Restaurant Company, the operator behind the Piccolino and Restaurant Bar & Grill formats, has said that it will delist from AIM on 15 July. 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 The bid, which values the 33-strong group at around £17.4m including debt, was declared wholly unconditional at the start of this month. 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.