Trading Statement

RNS Number : 8949X

Eclectic Bar Group PLC

17 January 2014

 



For Immediate Release

17 January 2014

Eclectic Bar Group plc

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

Trading Statement

Eclectic, one of the leading operators of premium bars in the UK, today provides the following trading statement in respect of the six month period ended December 2013.

Overall sales for the period are in line with the Board's expectations. Eclectic launched its new site in Deansgate Locks, Manchester on 12 December 2013, following a successful conversion under the Group's Lola Lo brand, and the Company is delighted with the performance of this business. The refurbishments of the Group's Derby ('Coyote') and Brighton ('Madame Geisha') sites are progressing to plan and are expected to open in March 2014.

The Company intends to announce its interim results for the six months ended December 2013 towards the end of March 2014.

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
Adam Pollock / Maisie Atkinson
College Hill	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 59, Lola Lo, 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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