Eclectic Bar Group appoints Richard Kleiner to Board as independent Non-Executive Director

– UK, London – Eclectic Bar Group, one of the leading operators of premium bars in the UK, is very pleased to announce that Richard Kleiner has been appointed to the Board as an independent non-executive director. As set out in the Admission Document at the time of listing, Eclectic was seeking a second independent non-executive director to finalise the Board composition. This appointment fulfils that objective.

Richard has significant corporate finance, financial services, accounting and taxation experience. He is executive director of AIM-quoted Avanti Capital plc and has been the managing partner at Gerald Edelman plc, Chartered Accountants, where he has been a partner since 1986. He was a founder of Gerald Edelman Financial Solutions Limited, the financial services arm of Gerald Edelman, acting for several years as its compliance officer. In addition, Richard has a wealth of corporate finance and business advisory experience gained from over 20 years as a practising accountant advising small and medium sized companies.

Richard has excellent knowledge of Eclectic through Avanti Capital plc’s historical interest in the business. He brings a wealth of experience covering public company governance, accounting and tax expertise, as well as a general business background.

Richard is a Fellow Member of the Institute of Chartered Accountants in England and Wales and is an Associate Member of the Life Assurance Association.

Richard commented: “I am delighted to be joining the Board of Eclectic at these very exciting times and look forward to assisting with the continued development and growth of the company.”

Reuben Harley, Chief Executive Officer said: “We have known Richard for many years and he has always proved thoughtful and insightful. His addition to the Board completes the team and ensures we have the balance of skills around the Board to successfully take the business forward.”

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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