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BSS Betonsports

265.00
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Betonsports LSE:BSS London Ordinary Share GB00B01CDB60 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 265.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Statement re Media Coverage

25/07/2006 8:30am

UK Regulatory


RNS Number:6700G
BETonSPORTS PLC
25 July 2006



                     BETonSPORTS Responds to Media Coverage


LONDON -- BETonSPORTS plc. (LSE: BSS), having noted the recent media reports
from various outlets in both the UK and the U.S. wishes to make the following
statement:


BetonSports plc (referred to as the Company) acquired the various businesses
comprised in the group immediately prior to its float in July 2004. Other than
David Carruthers the Board of directors, both executive and non-executive
directors, was appointed at or subsequent to the float and are not named in the
indictment.


Since the time of its public listing, the Board believes the Company has
operated in accordance with the standard expected of a U.K. Plc which is
publicly quoted on AIM on the London Stock Exchange.  The Board wish to make
absolutely clear that none of the founders of the original business has any
continuing role within the Company.  As disclosed in the AIM document, the
original founder has a consulting agreement with the Company under which his
role is non-management related which was an absolute requirement of the Board
for the float and thereafter.


Some media reports have focused on alleged improper activity occurring at the
group's Costa Rican business premises during VIP parties and other events. All
these allegations relate to the time prior to the acquisition of the business by
the Company and its July 2004 float.


The Board wants to assure the investment community, employees, and customers of
the Company that they, in consultation with the Company's attorneys, are
evaluating all of the Company's options and deciding what steps will be taken
next. Once a decision is made in this regard a further statement will be
released. The Company wishes to express its appreciation to its employees,
customers, investors and partners for their patience and support during this
process and will issue further information as soon as possible.


Contact Information:


BetonSports

Kevin Smith

+1 314.623.2734

kevin.smith@betonsports.com

www.bosplc.com



Citigate Dewe Rogerson

Ginny Pulbrook / Simon Rigby

+44 (0)20 7638 9571



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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