Gym Group PLC (The) Update (1218H)

TIDMGYM

RNS Number : 1218H

Gym Group PLC (The)

23 March 2020

The Gym Group PLC

Update

The Gym Group plc ("Gym" or the "Company") confirms that as of 10pm on Friday 20 March all 179 of its sites were closed following Her Majesty's Government's announcement earlier that evening.

Richard Darwin, Chief Executive, said:

"In our Preliminary Results announcement on Thursday 19 March, we referenced that we anticipated significant disruption and had in hand contingency plans. These included the closure of the whole estate and we have now actioned those plans.

We have been overwhelmed by the kind messages and support from our members since the closure announcement and we look forward to welcoming them back to The Gym when we reopen.

We very much welcome the Government's exceptional level of support for business in these extraordinary times and are reviewing the details of the various schemes to understand and quantify the benefit to our business. We are continuing our discussions with our key stakeholders and will make further announcements as appropriate."

For further information, please contact:

The Gym Group:

Richard Darwin, CEO

Mark George, CFO via Instinctif

Instinctif Partners:

   Matthew Smallwood, Justine Warren                                                     0207 457 2020

Numis:

Luke Bordewich, George Price 0207 260 1366

Peel Hunt:

Dan Webster, George Sellar 020 7418 8900

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