The Cocktail Club Opening & Refinancing Completion

RNS Number : 9921W

Nightcap PLC

24 August 2022

 

24 August 2022

Nightcap plc

("Nightcap" or the "Company" or the "Group")

The Cocktail Club Canary Wharf Opening

Completion of refinancing

Nightcap (AIM: NGHT), the owner of The Cocktail Club, the Adventure Bar Group and the Barrio Familia group of bars, is pleased to announce another new opening for The Cocktail Club in Canary Wharf, London.

The ground floor site located at 9 Cabot Square, Canary Wharf, London, E14 4EB comprises an indoor area measuring approximately 1,600 square feet, in addition to an outside terrace area, and has a 02:00 am license Monday to Sunday with an unrestricted capacity of 160. The venue will open later this year.

The new opening in Canary Wharf is the seventh new opening for The Cocktail Club since it was acquired by Nightcap and takes the total number of The Cocktail Club sites to seventeen.

Nightcap now has 36 sites within its estate and a further 20 premises under offer or in legal negotiations for all its brands.

Sarah Willingham, Chief Executive Officer of Nightcap, commented:

"I am thrilled that we are opening a Cocktail Club in Canary Wharf, London.  With our first site in Canary Wharf for Nightcap we are sticking to our strategy of taking The Cocktail Club to prime locations across the country.

"Canary Wharf has become a key location for hospitality over the past few years, developing a vibrant mixed community of bars and restaurants. With the uplift in footfall at Canary Wharf from the recently opened Elizabeth line, it is only going to make the estate busier and more accessible to large communities inside and outside of London.

"We have seen the success of our recently opened sites in other prime locations such as Exeter and Cardiff in the past months, and with another new site about to open in Birmingham in September and now Canary Wharf - it is testament to the hard work of the entire team."

Completion of refinancing

Further to the Company's announcement of 17 August 2022, Nightcap is pleased to announce the completion of its £10.0m debt refinancing facility with HSBC, following the fulfilment of all conditions precedent.

For further enquiries:

Nightcap plc Sarah Willingham / Toby Rolph / Gareth Edwards	[e-mail]
Allenby Capital Limited (Nominated Adviser and Broker) Nick Naylor / Alex Brearley / Piers Shimwell (Corporate Finance) Jos Pinnington / Amrit Nahal / Tony Quirke (Sales and Corporate Broking)	[phone] www.allenbycapital.com
Bright Star Digital (PR) Pam Lyddon	https://www.brightstardigital.co.uk/ [phone] [e-mail]

 

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