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July 29 (Reuters) - Specialist holiday firm Holidaybreak Plc said on Wednesday trading prospects for the current financial year remained satisfactory and in line with management expectations and that its chief executive would step down.
The company said Chief Executive Carl Michel would stand down for personal reasons, effective Sept. 30, and it named John Coleman as executive chairman with immediate effect.
"Overall, the group is now booked at 94 percent of our target sales, with year-to-date sales up 2 percent on last year," the company said in a statement.

"There has been no material impact on our businesses arising from the swine flu pandemic," Coleman said.
The group, which recently completed its 33.2 million pounds rights issue, said it was progressing with negotiations for the acquisition of a large PGL outdoor education centre.
Holidaybreak shares, which closed at 250.75 pence on Tuesday on the London Stock Exchange, were indicated up 1 percent.

(Reporting by Ramkumar in Bangalore; Editing by Ratul Ray Chaudhuri) Keywords: HOLIDAYBREAK/ (ram.kumar@thomsonreuters.com +91 80 41355800; Reuters Messaging: ram.kumar.thomsonreuters.com@reuters.net)

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