Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBrighton Pier Regulatory News (PIER)

Share Price Information for Brighton Pier (PIER)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 44.50
Bid: 44.00
Ask: 45.00
Change: 0.00 (0.00%)
Spread: 1.00 (2.273%)
Open: 44.50
High: 44.50
Low: 43.20
Prev. Close: 44.50
PIER Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Pre Close Trading Statement

29 Jul 2014 07:00

RNS Number : 5483N
Eclectic Bar Group PLC
29 July 2014
 



For Immediate Release

 

 

29 July 2014

 

Eclectic Bar Group plc

 

("Eclectic", the "Company" or the "Group")

 

Pre Close Trading Statement

 

Eclectic, a leading operator of premium bars in the UK, today provides the following pre-close trading statement in respect of the 12 month period ended June 2014.

 

Trading for the period is in line with the Board's and the market's expectations. The Company's two most recently rebranded sites (Dirty Blonde, Brighton and Lola Lo, Derby) have been successfully launched in the period. In March, the Company introduced the Lowlander Grand Café bar and brasserie in Covent Garden to its estate, bringing the number of trading venues to 21. The Company intends to pay its first dividend in respect of the 12 month period ended June 2014 after the next annual general meeting in October 2014.

 

Looking forward, Eclectic is pleased to report that it has recently signed an agreement to lease on a new site in Liverpool a key target city for the Group. The Company intends to develop this unit in the financial year ending June 2015 to Lola Lo, bringing the total number of Lola Lo units to 11. The new acquisition is subject to the satisfactory outcome of planning and licensing applications. In addition, the Company has also concluded a significant extension on the Embargo, Kings Road lease to 2033. This club and terrace space is currently being extended and refitted, and will reopen towards the end of August 2014.

 

The Company intends to announce its maiden results for the 12 months ended June 2014 on 30 September 2014.

 

Appointment of Chief Operating Officer

 

The Company also announces that Leigh Nicolson has been appointed to the Company's Board as an executive director and Chief Operating Officer with immediate effect. Leigh joined the Group in 2006 as area manager for the London area. His role developed to become national operations manager, and he was appointed operations director for Eclectic in 2010. Leigh has been hugely instrumental in the development and growth of the Group and will further strengthen the Board in his new role.

 

Leigh Bryden Nicolson, aged 37, is beneficially interested in 144,750 ordinary shares in Eclectic, representing approximately 1.1% of the Company's issued share capital, and in options over 156,250 ordinary shares in Eclectic, representing approximately 1.2% of the Company's issued share capital.

 

There are no further matters in connection with the Company's appointment of Leigh Nicolson to be disclosed under Schedule Two paragraph (g) or Rule 17 of the AIM Rules.

 

Enquiries:

 

Eclectic Bar Group plc (www.eclecticbars.co.uk)

Tel: 020 7376 6300

Reuben Harley, CEO

John Smith, CFO

Panmure Gordon

Tel: 020 7886 2500

Corporate Finance

Andrew Godber / Atholl Tweedie / Duncan Monteith

Corporate Broking

Charles Leigh-Pemberton / Maisie Atkinson

Instinctif Partners

Tel: 020 7457 2020

Matthew Smallwood

Justine Warren

 

About Eclectic

 

Eclectic is a leading operator of premium bars in the UK. Eclectic's portfolio comprises 21 venues located in major towns and cities, predominantly targeting a customer base of sophisticated students midweek and stylish over 21s and young professionals at weekends. The Company focuses on delivering added value for its customers, with premium product ranges, high-quality music and entertainment, and a commitment to high service levels and standards. Eclectic trades across its estate under a variety of brands, including Embargo 59, Lola Lo, Sakura, Dirty Blonde, Lowlander, Coalition, Po Na Na and Fez Club.

 

The Group's management team, led by Reuben Harley, who has over 25 years' experience of working in the UK pub and bar industry, is implementing a strategy to grow the business through the development of new sites either under the Company's existing brands or using brands which can be successfully maintained, as well as business acquisitions as appropriate opportunities present themselves.

 

Lola Lo 10 sites

Bournemouth

Brighton

Cambridge

Edinburgh

Derby

Lincoln

Norwich

Oxford

Reading

Manchester

 

Sakura 2 sites

Manchester

Reading

 

Po Na Na 3 sites

Bath

Bristol

Wimbledon

 

Fez Club 2 sites

Cambridge

Putney

 

Coalition Brighton

 

Dirty Blonde Brighton

 

Lowlander Covent Garden

 

Embargo 59 Kings Road

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTQVLFLZDFEBBX
Date   Source Headline
25th Apr 20247:00 amRNSNotice of results & AGM
22nd Apr 20249:40 amRNSBlock listing Interim Review
4th Mar 20245:29 pmRNSHolding(s) in Company
13th Dec 20237:00 amRNSChange of Name of Nomad and Broker
11th Oct 20235:38 pmRNSBlock listing Interim Review
25th Sep 20237:00 amRNSInterim Results
25th Jul 20237:00 amRNSTrading Statement
13th Jun 20237:00 amRNSResult of AGM
18th May 20234:03 pmRNSPublication of Annual Report
26th Apr 202312:00 pmRNSAnnual Report update
24th Apr 20237:00 amRNSFinal Results
15th Feb 20237:00 amRNSTrading Statement
7th Dec 202211:11 amRNSResult of AGM
22nd Nov 202212:49 pmRNSDeath of Director
16th Nov 202212:39 pmRNSNotice of AGM
11th Oct 202211:27 amRNSBlock listing Interim Review
26th Sep 202211:06 amRNSSecond Price Monitoring Extn
26th Sep 202211:00 amRNSPrice Monitoring Extension
26th Sep 20227:00 amRNSHalf-year Report
26th Jul 20227:00 amRNSTrading Statement
20th Jun 20227:00 amRNSChange of Accounting Date
12th Apr 20229:15 amRNSBlock listing Interim Review
28th Mar 20227:00 amRNSHalf-year Report
23rd Mar 20227:00 amRNSNotice of Results
16th Feb 20227:00 amRNSNotice of Investor Presentation
17th Jan 20227:00 amRNSTrading Update
15th Dec 20214:33 pmRNSResult of AGM
23rd Nov 20211:20 pmRNSPublication of Annual Report
1st Nov 20217:00 amRNSFinal Results
12th Oct 20217:00 amRNSNotice of Results and AGM
12th Oct 20217:00 amRNSBlock listing Interim Review
8th Oct 20217:00 amRNSTrading Statement
7th Oct 20212:06 pmRNSSecond Price Monitoring Extn
7th Oct 20212:00 pmRNSPrice Monitoring Extension
17th Jun 202112:00 pmRNSAcquisition of Lightwater Valley Attractions
12th Apr 20212:09 pmRNSBlock listing Interim Review
9th Apr 20215:14 pmRNSHolding(s) in Company
29th Mar 20217:00 amRNSHalf-year Report
26th Feb 20211:10 pmRNSChange of Adviser
23rd Feb 20212:06 pmRNSSecond Price Monitoring Extn
23rd Feb 20212:01 pmRNSPrice Monitoring Extension
12th Feb 20212:37 pmRNSCovid-19 update
2nd Dec 202012:43 pmRNSResult of Annual General Meeting
2nd Nov 20207:00 amRNSFinal Results
12th Oct 20207:00 amRNSBlock Listing Return
14th Sep 20207:00 amRNSTrading Update
14th May 20207:00 amRNSCovid-19 Update
4th May 20207:35 amRNSBlock listing Interim Review
14th Apr 20209:05 amRNSSecond Price Monitoring Extn
14th Apr 20209:00 amRNSPrice Monitoring Extension

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.