For Immediate Release

12 August 2014

Eclectic Bar Group plc

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

Site Acquisition

Eclectic, a leading operator of premium bars in the UK, today provides the following statement.

Eclectic is pleased to report that it has recently signed a 20 year lease on a new sitein Sheffield, a key target city for the Group, bringing the total number of sites to 23. The property is situated on the popular West Street, set over two levels with ground floor and first floor totalling 6,500 square feet and also includes its own exclusive outside area. The Company intends to develop this unit in the financial year ending June 2015 to a Lola Lo and will include the Group's popular 'Island Grill' food offering.

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 23 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 11 sites                     

Brighton

Cambridge

Edinburgh

Derby

Lincoln

Liverpool - conversion pending

Norwich

Oxford

Reading

Manchester

Sheffield - conversion pending

Sakura 3 sites

Bournemouth

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
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