BRIEF-Restaurant Group sells part of LVG; declares special dividend

April 17 Thu Apr 17, 2014 9:30am EDT

April 17 (Reuters) - Restaurant Group Plc :

* Partial disposal of interest in Living Ventures Group (LVG)

* Announces disposal of part of its interest in Living Ventures Group following sale of Gusto business to a new company backed by Palatine Private Equity LLP and LVG Management

* Net proceeds of disposal will be distributed by way of a special dividend of 3.45 pence per share to shareholders

* TRG is receiving 7 mln stg of cash proceeds in respect of this disposal and resulting profit on disposal will be treated as an exceptional item in TRG's next results announcement

* Following disposal, TRG's only remaining interest in LVG will be a 4 mln stg loan note in Blackhouse Grill Group Source text for Eikon: Further company coverage: