YES! Project Planning Approval

 

TIDMOAH 
 
RNS Number : 0937S 
Oak Holdings PLC 
03 September 2010 
 

                         YES! Project Planning Approval 
 
Oak Holdings plc ("Oak" or the "Company"), the leisure business operator and 
YES! Project developer, announces that, following the resolution to grant 
Planning Consent at the Planning Board of Rotherham Borough Council held on 17 
May 2010 for the revised YES! Project, the Government Office has confirmed that 
RMBC have been authorised to determine the application. At the Planning Board, 
held on 2 September, it was unanimously resolved to: 
 
a)      grant Planning Consent in accordance with the Planning Officer's 
recommendations; and 
b)      enter into a supplemental agreement to link the existing s106 Agreement 
with the current consent. 
 
The decision allows Oak to progress the YES! Project with the benefit of a 
revised scheme that facilitates phased development. 
 
Commenting on the decision, Chief Executive, Steve Lewis, said: 
 
"This is a strategic step forward for the Company and, indeed, the region.  The 
consent demonstrates Oak's commitment to the YES! Project and this major 
regeneration leisure project, allowing us to proceed with renewed confidence. 
We have been extremely encouraged by the support of our existing partners and 
tenants and by an increasing number of recent enquiries. We are grateful for the 
continued confidence in Oak by RMBC." 
 
For further information, please contact: 
 
+------------------------+----------------------------------------+ 
| Oak Holdings plc       |                     Tel: [phone] | 
+------------------------+----------------------------------------+ 
| Steve Lewis, Chief     |          [e-mail] | 
| Executive              |                                        | 
+------------------------+----------------------------------------+ 
|                        |                                        | 
+------------------------+----------------------------------------+ 
|                        |                                        | 
+------------------------+----------------------------------------+ 
| Cairnfin Financial     |                     Tel: [phone] | 
| Advisors LLP           |                                        | 
+------------------------+----------------------------------------+ 
| Tony Rawlinson         |            [e-mail] | 
|                        |                                        | 
+------------------------+----------------------------------------+ 
| Rawlings Financial PR  |                     Tel: [phone] | 
| Limited                |                                        | 
+------------------------+----------------------------------------+ 
| Catriona Valentine     |       [e-mail] | 
+------------------------+----------------------------------------+ 
| Keeley Clarke          |         [e-mail] | 
+------------------------+----------------------------------------+ 
|                        |            www.rawlingsfinancial.co.uk | 
+------------------------+----------------------------------------+ 
 
About Oak 
 
Oak is an asset-based leisure business operator with significant property 
development potential.  The Company's activities comprise: 
 
Rother Valley County Park 
 
The Company leases and manages Rother Valley Country Park, a 1,000 acre country 
park with four major lakes.  The park is positioned just off the M1 on the 
borders of Sheffield, Rotherham and Derbyshire.  It currently attracts over 
750,000 visitors per year and is included in the Official 2012 Olympic Training 
Camp Guide, which recommends high quality sporting facilities for all 
participating athletes. 
 
Ringwood Town & Country Experience 
 
Ringwood Town & Country Experience is a leisure business located in the New 
Forest, Hampshire, which attracts around 19,000 visitors per year.  Ringwood 
Town & Country Experience incorporates a Heritage Centre with vintage cars and 
motorcycles, a replica railway station, tearooms, a restaurant, nostalgic shops 
and a 100 seat function room. 
 
YES! Project 
 
Oak is the promoter and developer of the exciting GBP350 million YES! Project, a 
phased development which will create one of the largest undercover, 
leisure-based, resort and convention destinations in Europe.  The site covers 
327 acres and is adjacent to the Rother Valley Country Park in South Yorkshire. 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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