The board of Ten Entertainment has been advised by Nick Basing of his intention to step down as Chairman, a role he has undertaken for six of the twelve years he has been involved with the Company. A process to appoint his successor will now commence. It is anticipated that Nick will leave the business in September, following an orderly transition and handover period. Nick has been instrumental in the development of Ten Entertainment as one of the leading leisure companies in the UK, growing EBITDA tenfold during his tenure and growing like-for-like sales for 8 consecutive years between 2012 and 2020 prior to the onset of the pandemic. Reflecting this performance, at its peak pre COVID, the business was valued at c.£200 million. He was appointed CEO of Essenden PLC, the forerunner to Ten Entertainment in 2009whilst an operating partner of Harwood Capital, and Chairman prior to the Company's IPO in 2017. Initially, Nick, the board and the team recognised the opportunity to reinvent and modernise an outmoded and declining tenpin bowling industry. A strategy was then devised to build a business model around everyday family entertainment and the Company re- positioned to be in the sweet-spot of the emerging new category of "experiential leisure".