Board Change and Trading Update

RNS Number : 0560F

Barkby Group PLC (The)

24 October 2018

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 24 October 2018

The Barkby Group PLC

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

Board Change and Trading Update

The Barkby Group PLC, the hospitality group focused initially on premium gastropubs, inns and function spaces in Oxfordshire and Gloucestershire, announces that following mutual agreement, Sebastian Snow has resigned as Creative Director of the Company, with immediate effect, and that he and Iliriana ("Lana") Snow have ceased their employment with the Group.

Sebastian and Lana Snow commented: "Having co-founded the Turf to Table Ltd group of Cotswold gastro pubs / inns 10 years ago, we have sold the business to The Barkby Group PLC and are no longer involved in the day to day running of the business which includes The Five Alls, The Plough in Kelmscott and The Bull in Fairford. We wish the Group every success taking on the pubs and with their future growth."

Rupert Fraser, CEO of Barkby, added: "I'd like to thank Sebastian and Lana for all their efforts during the transition from Turf to Table Ltd to the Barkby Group PLC following completion of the acquisition in June and I wish them all the best for the future.

"Group sales remain strong, with good occupancy rates in September across all sites and significant demand and visibility on bookings for the Christmas period."

The Barkby Group PLC	[phone]
Rupert Fraser, Chief Executive Officer
Allenby Capital (NEX Exchange Corporate Adviser and Broker)	[phone]
Jeremy Porter/Asha Chotai
Camarco (Financial PR)	[phone]
Jennifer Renwick/Jane Glover/Jake Thomas

Notes to Editors

The Barkby Group PLC is a boutique hospitality group, focused initially on premium gastropubs, inns and function spaces in Oxfordshire and Gloucestershire. The Group currently owns three highly acclaimed gastropub properties with a total of 38 hotel rooms, and is focused on delivering a high-end experience in select "destination" locations. The Company seeks to differentiate itself by quality of food and service and upscale accommodation.

The Barkby Group PLC has an experienced team driving its growth strategy. The Group intends to develop a large portfolio of premium hospitality properties in partnership with breweries across the UK and intends to scale up to 8 - 12 sites over the next 3 - 5 years. It is focused on a capital light, strong cashflow model with growth driven by quick turnaround of under-performing hospitality properties.

 

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