All Leisure Group PLC Announces Board Change And Joint Venture With Cruise & Maritime Voyages Limited

All Leisure Group PLC announced Board changes post the recent acquisition of Page & Moy Travel Group Limited. Ian Smith, Chief Executive Officer (CEO) of Page & Moy Travel Group, will assume the role of Chief Executive Officer (CEO) for All Leisure Group plc. Secondly, Neil Morris will move into the role of Chief operating Officer. In this role, Neil will be primarily responsible for implementing synergies within the Group. Also The Company's wholly-owned subsidiary, All Leisure Holidays Limited announced it has signed Heads of Agreement with Cruise & Maritime Voyages Limited to enter into a Joint Venture whereby both companies will jointly market the cruise ship mv Discovery commencing in February 2013. CMV will operate mv Discovery for a period of 249 days following her return to service after planned dry dock. Departures will be offered from five regional ports in the UK (Bristol, Liverpool, Hull, Tyne and Harwich), together with fly cruises to the Mediterranean and Black Sea in the Autumn 2013. The joint venture is targeted at the value end of the cruise market.