Eclectic Bar : Result of GM, Issue of Equity & Directorate Change

Eclectic Bar Group Plc

Result of General Meeting, Issue of Equity and Directorate Change

Eclectic Bar Group plc (AIM: BAR) ('Eclectic'or the 'Company')is pleased to announcethat at its General Meeting today, held in connection with the Placing, the acquisition of The Brighton Marine Palace and Pier Company and the proposed change of name (the 'Proposals'), as announced on 8 April 2016, all Resolutions were duly passed.

Accordingly, the Acquisition and Placing are expected to complete tomorrow, 27 April 2016, and the Company's name will change to The Brighton Pier Group PLC (the 'EnlargedGroup') and the Company's TIDM will change to 'PIER'.

The 15,454,546 New Ordinary Shares have been allotted and issued pursuant to the Placing, credited as fully paid, and will be identical to and rank pari passuin all respects with the Existing Ordinary Shares.

Trading on AIM of the Existing Ordinary Shares of the Company will be cancelled at 7.00 a.m. on 27 April 2016. Application has been made to the London Stock Exchange for the Enlarged Share Capital in the Enlarged Group to be admitted to trading on AIM ('Admission'), and it is expected that Admission will become effective and that dealings in the Enlarged Share Capital will commence at 8.00 a.m. on 27 April 2016.

The number of Ordinary Shares in issue and the total voting rights in the Enlarged Group following Admission will be 31,677,287. The Enlarged Group will not hold any Ordinary Shares in treasury. This figure of 31,677,287 may be used by Shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of the Enlarged Group under the Financial Conduct Authority's Disclosure Rules and Transparency Rules.

Further to the announcement made on 8 April 2016, the Company can further update that Mr Reuben Harley will step down from his role as Chief Executive Officer and from the Company's Board with effect from tomorrow, 27 April 2016. Mr Harley will continue to remain an employee of the Enlarged Group until 31 May 2016 to ensure an orderly handover of the Bars business of the Existing Group to the current Chief Operating Officer, Leigh Nicolson, who will become Managing Director, Bars.

Terms used in this announcement shall have the meanings given to them in the Company's admission document dated 8 April 2016 unless otherwise specified.

Enquiries:

Eclectic Bar Group Plc
Luke Johnson, Executive Chairman	Tel: [phone]
John Smith, CFO	Tel: [phone]
Panmure Gordon(Nominated Adviser & Joint Broker)	Tel: [phone]
Corporate Finance
Andrew Godber / Atholl Tweedie / Duncan Monteith
Corporate Broking
Charles Leigh-Pemberton
Arden Partners plc(Joint Broker)	Tel: [phone]
Corporate Finance
James Felix / Benjamin Cryer
Corporate Broking
Ed Walsh / Jonathan Keeling
Maitland(Financial Communications Advisers)	Tel: [phone]
James Devas
Robbie Hynes

Website:

Up to Admission:www.eclecticbars.co.uk/

From Admission:www.brightonpiergroup.com