Re Directorate

RNS Number : 8203L

Eclectic Bar Group PLC

30 April 2015

 

30 April 2015

Eclectic Bar Group PLC

Re Directorate

Eclectic Bar Group PLC ("the Company"), the AIM listed operator of premium bars, announces that Clive Watson, a non-executive director, has resigned from the Board in order to devote more time to his other business interests. He will stand down from the Board on 30 April 2015.

Jim Fallon, Non - Executive Chairman, commented:

"We would like to thank Clive for his services and contribution to the Company. He has provided valuable insight to the Board and management team, particularly during the IPO in 2013 and subsequently advising on the Company's development. On behalf of the Board, I wish him all the best for the future."

Enquiries:

Eclectic Bar Group plc       (www.eclecticbars.co.uk)	Tel: [phone]
Reuben Harley, CEO John Smith, CFO
Panmure Gordon	Tel: [phone]
Corporate Finance
Andrew Godber / Atholl Tweedie / Duncan Monteith
Corporate Broking
Charles Leigh-Pemberton / Maisie Atkinson
Instinctif Partners	Tel: [phone]
Matthew Smallwood
Justine Warren

About Eclectic

Eclectic is a leading operator of premium bars in the UK. Eclectic's portfolio comprises 20 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 Republica, Lola Lo, Lowlander, Sakura, 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.

 

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