21st Dec 2009 14:00
ADDleisure Plc / Epic: ADE.L / Index: AIM / Sector: Leisure
21 December 2009
ADDleisure Plc ('ADDleisure' or 'the Company')
General Meeting Statement & Change of Name
ADDleisure Plc, the AIM traded company formed to develop products and services in the health and wellness sector, held its General Meeting today, and all resolutions were duly passed.
Further to the meeting, in order to reflect its change in focus, the Company's name has changed to Fitbug Holdings plc (new TIDM code: FITB; and new ISIN: GB00B57JBH88). Certificated shareholders will be issued with new share certificates which will be despatched by 31 December 2009. Furthermore, approval was gained for the capital reorganisation and capital cancellation, the allotment of the 12,000,000 Placing Shares and the 5,000,000 Loan Capitalisation Shares, the granting of further allotment authorities and the removal of the statement of the authorised share capital of the Company as contained in the articles of association.
Fitbug Director Paul Landau said, "2010 promises to be an exciting year for us. We begin it with a strong balance sheet, a highly enthusiastic team and a unique product, Fitbug, which offers online personal health and well-being services. Fitbug already has an enviable client/partnership list including blue-chip names such as PruHealth and Bupa, which, in tandem with our strong pipeline of new business opportunities both in the UK and internationally, should deliver a solid financial performance. In particular, we are looking forward to working with Nectar, which is launching a white-label version of Fitbug to its membership base in January 2010."
Admission of the Placing Shares and Loan Capitalisation Shares is expected to take place on 22 December 2009.
** E N D S **
For further information visit www.addleisure.com or contact:
|
Andrew Brummer |
ADDleisure Plc |
Tel: 020 7449 1000 |
|
Mark Percy |
Seymour Pierce |
Tel: 020 7107 8000 |
|
Catherine Leftley |
Seymour Pierce |
Tel: 020 7107 8000 |
|
Paul Youens |
St Brides Media & Finance Ltd |
Tel: 020 7236 1177 |
Related Shares:
BIDS.L