BIDS.L Regulatory News (BIDS)

23 Aug 2007 14:30

ADDleisure PLC23 August 2007 ADDleisure plc / Ticker: ADE.L / Index: AIM / Sector: Leisure 23 August 2007 ADDleisure plc ('ADDleisure' or 'the Company') Director Appointment ADDleisure, a market leader in health and leisure products and servicesinnovation, announces the appointment of Mr. Michael Peter Mills, FCCA, asFinance Director. Mr. Mills is a qualified accountant and has held many posts within the leisuresector. He was a co-founder of fully listed Grosvenor Inns Plc which operatedthe Slug & Lettuce brand and co-founder and non-executive director of AIM listedAmbishus Pub Company. He was also a member of 3i's panel of independentdirectors during which time he became a director of LA Fitness plc, guiding itthrough flotation in 1999 to sale in 2005. Mr. Mills is replacing Mr. Ben Margolis, who is stepping down from the Board inorder to focus on his new position as Chief Executive Officer of Movers &Shapers Limited ("Movers & Shapers"), a division of the new joint venturecompany, ADD Wellness Holdings Limited, formed between ADDleisure and BUPAFinance Plc ("BUPA"). Following the recent investment in the Company by BUPA, Movers & Shapers is setfor rapid expansion with several possible sites under review. Offeringpersonalised training to the public, it is a highly innovative retail conceptfor health and well-being services, focussing on body shape and fitness. Movers& Shapers recently announced an agreement with Alliance Boots, which could seethe brand rolled out to a number of its stores. ADDleisure CEO David Turner commented, "We are very pleased that Ben will bedriving the Movers & Shapers brand forward. He has been a key member of theADDleisure team since we formed the Company and was instrumental in starting upMovers & Shapers. I have great confidence in his ability to take it to the nextlevel in partnership with BUPA and fully exploit the growing opportunitiesopening up to it. "We are also delighted to have appointed someone with Mike's experience inworking with growth companies in the leisure and health sectors. He will be aninvaluable addition to our team at a crucial time when our operations areexpanding rapidly." Mike Mills, aged 59, holds or has held over the past five years the followingdirectorships and partnerships. Current N.G.I. Consultancy LimitedOi! Bagel Trading LimitedOval (2013) LimitedRestaurants at Work LimitedRestaurants @ Schools Limited Past Mill House Inns plcLA Fitness plcEmenenco LimitedCharles Barrett (Holdings) LimitedInvision LED Systems Limited As a member of the 3i plc panel of non-executive directors Mr. Mills wasinvolved in a number of firms as the 3i board representative including CharlesBarrett (Holdings) Limited from December 1996 to April 2004 which appointed anadministrative receiver in July 1998. There is no further information to be disclosed in line with Schedule 2paragraph (g) of the AIM Rules. * * ENDS * * For further information visit www.addleisure.com or contact: David Turner ADDleisure Plc Tel: 020 7449 1000 Mark Percy Seymour Pierce Tel: 020 7107 8000 Isabel Crossley St. Brides Media & Finance Ltd Tel: 020 7242 4477 About ADDleisure plc Floated on AIM in October 2004, ADDleisure believes that the increase inawareness of the importance of physical health and well-being has resulted in anopportunity to develop and promote new highly differentiated offerings to thehealth and leisure sectors. It has three key investments: Fitbug Limited, developers of an online personalhealth and well-being coach; Movers and Shapers Limited, a groundbreaking retailconcept for health and well-being services; and Digital Plantation Limited,developers of Ez-Book intelligent booking software. Fitbug and Movers & Shapersare owned and operated as a joint venture with BUPA. The Company has a highly experienced management team including Allan Fisher,founder and former CEO of Holmes Place plc; David Turner, founder and formerdirector of LA Fitness plc; and David Cummin, founder and former director ofMembertrack Limited, a leading club membership software provider. StephenFlanagan, Commercial Director for BUPA's UK Health insurance business is aNon-executive director. Additionally, Michael Warshaw, former Chairman of MoltonBrown, is a consultant to the Company. This information is provided by RNS The company news service from the London Stock Exchange