REG - Nightcap PLC - Cardiff opening and removal of Russian Vodka

NightcapAnnouncement

07/03/2022 07:00

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RNS Number : 7769D  Nightcap PLC  07 March 2022

 

7 March 2022

 

Nightcap plc

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

 

Cardiff opening and removal of Russian Vodka

 

Openings update

Nightcap (AIM: NGHT), the owner of The Cocktail Club, the Adventure Bar Group
and the Barrio Familia group of bars, is pleased to announce a further opening
for The Cocktail Club in Cardiff in early May.

The latest The Cocktail Club, which is located at 75 St Mary Street, Cardiff,
CF10 1FA covers an area of approximately 3,400 square feet over three
floors.  The site has a 3:00 am license Monday to Sunday and has an
unrestricted capacity of 220.

This opening is the second new opening in Cardiff for Nightcap after it
announced it would open a new Tonight Josephine in Cardiff in early April
2022.

In addition to the three new openings scheduled for this year and alongside
its existing 27 sites, Nightcap has a further 24 premises under offer or in
legal negotiations and continues to see favourable market conditions for site
acquisitions across the country.

 

Removal of Russian Vodka

The Board, Management team and entire staff within Nightcap decided on 28
February 2022 to remove the sale of Russian Vodka across all 27 venues. On 4
March 2022, we introduced Ukrainian Vodka to our menu as a replacement across
the entire estate.

 

Sarah Willingham, Chief Executive Officer of Nightcap, commented:

"Cardiff has been high on our list for new openings for some time, therefore I
am delighted to announce the latest lease signing for The Cocktail Club
following hot on the heels of Tonight Josephine's planned opening in Cardiff
in the coming weeks.

"Just as we have already proven in Clapham and Shoreditch, we can successfully
launch several of our brands into the most relevant locations for late night
drinking and partying across the country."

"With our second venue in Bristol trading ahead of management's expectations
since its opening in November and knowing that Cardiff is a vibrant city, our
expectation for this new site is high. We can't wait to bring The Cocktail
Club energy and magic to St Mary Street in early May."

"This is the fifth completed lease for The Cocktail Club since Nightcap
acquired it little over a year ago and the second in successive weeks
following the lease signing in Exeter which demonstrates how committed our
teams are to execute on our plan to become the leading bar group in the UK."

 

For further enquiries:

 Nightcap plc

 Sarah Willingham / Toby Rolph / Gareth Edwards                          email@nightcapplc.com (mailto:email@nightcapplc.com)
  Allenby Capital Limited (Nominated Adviser and Broker)

 Nick Naylor / Alex Brearley / Piers Shimwell (Corporate Finance)

 Matt Butlin / Amrit Nahal / Tony Quirke (Sales and Corporate Broking)   +44 (0) 20 3328 5656

                                                                         www.allenbycapital.com (http://www.allenbycapital.com/)

 Bright Star Digital (PR)                                                https://www.brightstardigital.co.uk/ (https://www.brightstardigital.co.uk/)

 Pam Lyddon                                                              +44 (0) 7534 500 829

                                                                         pamlyddon@brightstardigital.co.uk (mailto:pamlyddon@brightstardigital.co.uk)

 

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