BIDS.L Regulatory News (BIDS)

19 Jan 2007 14:37

ADDleisure PLC19 January 2007 ADDleisure plc / Ticker: ADE.L / Index: AIM / Sector: Leisure 19 January 2007 ADDleisure plc ('ADDleisure' or 'the Company') Placing of 8,333,333 new Ordinary Shares, Directors' Shareholdings ADDleisure plc, the AIM traded company formed to develop products and servicesin the health and leisure sectors, is pleased to announce it has today placed atotal of 8,333,333 new Ordinary Shares at 3p per share to raise an additional£250,000 (before expenses) of working capital for the Company. The new OrdinaryShares have been placed with new investors and certain directors. The following directors have taken up new Ordinary Shares in the Placing: Director No. of new Number of Percentage of Ordinary Shares Ordinary Shares Enlarged Issued purchased held post share capital Placing David Turner 2,500,000 22,166,667 17.11Allan Fisher 2,500,000 22,166,666 17.11 The 8,333,333 new Ordinary Shares issued pursuant to the Placing are expected tobe admitted to trading on AIM on 23 January 2007. ** E N D S ** Contacts: Isabel Crossley St. Brides Media Tel: 020 7242 4477 Ben Margolis ADDleisure plc Tel: 020 7449 1000 Mark Percy Seymour Pierce Ltd Tel: 020 7107 8000 About ADDleisure plc • Floated on AIM in October 2004, ADDleisure believes that theincrease in awareness of the importance of physical health and wellbeing hasresulted in an opportunity to develop and promote new highly differentiatedofferings to the leisure industry as a whole, as well as marketing fitnessproducts and services to the millions of people who want to remain healthy. • It made three initial investments in Fitbug Limited (developersof an online personal health and well-being coach), Liberation Fitness SystemsLimited (distributors of the Power Plate vibration technology fitness equipment)and Digital Plantation Limited (developers of Ez-Book intelligent bookingsoftware). The stake in Liberation Fitness Systems was sold last year for asubstantial profit. • ADDleisure made a further investment in In Moments Ltd, a company led by Michael Warshaw, which develops and exploits new health andfitness related retail opportunities. In Moments Ltd is helping to developADDleisure's new high street shape and vitality centres that combine Power Plateequipment, Fitbug programmes and Ez -book systems to offer personalised trainingto the public. • The Company has a highly experienced management team, includingAllan Fisher, founder and former CEO of Holmes Place; David Turner, founder andformer director of LA Fitness plc; and David Cummin, founder and former directorof Membertrack Limited, a leading club membership software provider. This information is provided by RNS The company news service from the London Stock Exchange