StockMarketWire.com - Fitness club company The Gym Group said it expected to open five-to-eight new smaller format outlets during 2020.

The company also said it was continuing with the expansion of its standard-sized gyms at a rate of 15-to-20 new sites per year.

The first so-called small-box gym opened at Newark on 11 November and would host an analysts' visit.

Gym Group also announced that it had entered into a new four-year, £70m revolving credit facility provided by HSBC, Natwest and Banco de Sabadell.

The new facility replaced the company's existing £60m facilities on improved terms and would provide flexibility to execute on strategy, Gym Group said.

At 8:20am: [LON:GYM] The Gym Group Plc share price was +2.75p at 268.25p



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