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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Discover Les. | LSE:DISL | London | Ordinary Share | GB00B19GK384 | ORD 0.70P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMDISL
RNS Number : 9919X
Discover Leisure PLC
15 December 2010
DISCOVER LEISURE PLC
("Discover Leisure" or "the Group")
Result of AGM
Discover Leisure plc, the specialist touring caravan, motor home and leisure industry retailer, is pleased to announce that at its Annual General Meeting held on 14 December 2010 all the Ordinary Resolutions and Special Resolutions were duly passed.
Discover Leisure plc Tel: 01430 803385 David Morrow, Chairman Trevor Parker, Chief Executive Neil Harwood, Finance Director Panmure Gordon (UK) Limited Tel: 020 7459 3600 Andrew Godber Cubitt Consulting Limited Tel: 020 7367 5100 Chris Lane / Samantha Boston
Background Note
Discover Leisure is a leading specialist caravan, motor home and leisure industry retailer which floated on AIM in May 2005. The Group's strategy is to lead the consolidation and modernisation of caravan and motorhome retailing in the UK, which also creates opportunities to sell outdoor leisure products from its branches and over the internet.
In August 2005, Discover Leisure acquired the company which owned Harringtons Caravans. On 8 September 2006, it acquired Leisure World, which owned four caravan retail outlets, for GBP5.75 million, followed on 3 July 2007 by the acquisition of Barrons Holdings, a leading retailer of caravans, motor homes and associated accessories with seven retail branches across the country, for GBP20.0 million. On the same date, Mendip Caravan Centre, which operates three retail branches, was purchased for a total consideration of GBP2.2 million. On 12 March, 2008 Discover Leisure announced the acquisition of the motor homes dealership based on a five acre site in Cannock in Staffordshire from the Brownhills Group for GBP2.66 million.
With a rapid decline in the demand for leisure vehicles following the global financial crisis in 2008, the Group undertook a major restructuring of the business in 2009 including the proposal and subsequent approval of a Company Voluntary Arrangement (CVA), refinancing of its banking facilities and closure of eleven of its trading sites.
The Group now has 5 branches employing 260 people across the north of England. The branches are located at: Birtley (Tyneside), Delamere (Cheshire), Chorley (Lancashire), Darlington (County Durham) and York (Yorkshire). Its head office is situated in East Yorkshire.
The board consists of David Morrow, Chairman; Trevor Parker, Chief Executive; and Neil Harwood, Finance Director. The Non Executive Directors are Ian Currie and James Hayward.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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