Topnotch Health Clubs PLC
10 November 2000
Topnotch health clubs plc
('Topnotch' or 'the Company')
Trading Update
The Directors of Topnotch have noted yesterday's downward
movement in the Company's share price which they are
advised was related to the sale of shares by an
institutional investor that had itself recently acquired
shares in the Company as part of a portfolio transfer,
following a merger of fund management institutions.
The Directors wish to assure shareholders that they know
of no reasons relating to the trading or business
activities of the Company that would cause such a
deterioration in the Company's share price.
Topnotch is trading in line with market expectations and
the integration of the health clubs recently acquired
from Cannons Group plc is progressing well. The
Directors remain entirely confident of the market
opportunity available to Topnotch and also that the 'Dare
to be Different' concept continues to be well received by
existing and potential club members.
The Company's interim results for the six months ended 31
October 2000 will be published as planned on 15 January
2001 and Topnotch will continue to inform shareholders of
the positive progress being made in the development of
its business.
Enquiries:
Topnotch Health Clubs plc 020 8232 6802
Matthew Harris
SG Securities (London)Ltd 020 7522 1076
Andrew Dawber
Square Mile Communications 020 7601 1000
Kevin Smith