TIDMPLEI TIDMADE 
 
RNS Number : 5491D 
Pantheon Leisure PLC 
03 December 2009 
 

Pantheon Leisure plc / Epic: PLEI / Market: AIM / Sector: Leisure 
3 December 2009 
Pantheon Leisure plc ('Pantheon' or 'the Company') 
 
 
Placing Participation 
 
 
The Board of Pantheon Leisure plc, the AIM quoted company formed to acquire 
businesses in the leisure sector, is pleased to announce that as part of a wider 
fundraising and capital reorganisation undertaken by ADDleisure plc 
("ADDleisure") announced today, conditional on, inter alia, ADDleisure 
shareholder approval at a forthcoming ADDleisure general meeting to be held on 
21 December 2009, the Company's short term loan to ADDleisure of GBP100,000 is 
to be repaid in full.  In recognition of the provision of this loan, ADDleisure 
has agreed to grant to Pantheon an option over 100,000 new ordinary shares of 1 
pence each in ADDleisure exerciseable at 10p per share ("ADDleisure Options"). 
The ADDleisure Options will be exerciseable at any time from the date of grant 
for a period of three years thereafter. 
 
 
In addition, the Directors believe that ADDleisure represents an attractive 
investment opportunity with its focus on Fitbug. Fitbug offers online personal 
health and well-being services by combining interactive tracking devices and web 
technology to measure activity and health indicators, provide feedback and 
motivate the user towards a healthier lifestyle. It is mainly focussed on the 
corporate wellness and health insurance sectors, with increasing effort being 
placed on the public health arena. Its blue-chip client base includes Nectar, 
PruHealth, BUPA, various Primary Care Trusts and Holmes Place Group. Fitbug also 
sells its products directly to individual consumers through its website, 
fitbug.com, as well as other retailers including Amazon and WH Smith. The 
Company is therefore subscribing for 1,000,000 new ADDleisure ordinary shares of 
1p each at a placing price of 10p per share as part of ADDleisure's GBP1.2 
million placing announced today. 
 
 
The placing participation and the receipt of ADDleisure Options by Pantheon is a 
related party transaction within the meanings of the AIM Rules. Barbara Moss and 
Irvin Fishman, being the independent directors for the purpose of the placing 
participation, having consulted with Seymour Pierce Limited, the Company's 
Nominated Adviser, considers the terms of the placing fair and reasonable. 
 
Commenting on the participation in the ADDleisure placing, Bill Weston, Chairman 
of Pantheon, said "We are delighted to be able to support ADDleisure which, 
through Fitbug, is focused on people's wellbeing through activity.  This is 
something close to our heart with our Sport for School initiative as well as our 
small sided football leagues." 
 
 
 
 
 
* * ENDS * * 
 
 
For further information please visit www.pantheonleisure.com or contact: 
+-------------------+----------------------------------+--------------------+ 
| Geoffrey Simmonds | Pantheon Leisure plc             | Tel: 020 7935 0823 | 
+-------------------+----------------------------------+--------------------+ 
| Mark Percy        | Seymour Pierce Limited           | Tel: 020 7107 8000 | 
+-------------------+----------------------------------+--------------------+ 
| Isabel Crossley   | St Brides Media & Finance        | Tel: 020 7236 1177 | 
|                   | Limited                          |                    | 
+-------------------+----------------------------------+--------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCUOOORKNRURAA
Addleisure (LSE:ADE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Addleisure Charts.
Addleisure (LSE:ADE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Addleisure Charts.