|PCI - Petroceltic - the stock to watch.
PCI is going to be the stock of the year. Best you get on board before they announce their oil drilling results in Tunisia. Currently 15p and they believe there is 400 million barrels of light crude down there.
PCI - Petroceltic - watch this space.|
|now called Formation group...check out the LSE:FRM bulletin board
|chief exec upped his stake yesterday|
Proactive Sports Group PLC
21 July 2004
21 JULY 2004
PROACTIVE SPORTS GROUP PLC
(now re-named FORMATION GROUP PLC)
RESULT OF EXTRAORDINARY GENERAL MEETING
At yesterday's Extraordinary General Meeting, the Special Resolution to approve
the change of the Company's name to Formation Group plc was approved. This
change of name takes effect immediately. Formation Group will continue to be
listed on the Alternative Investment Market of the London Stock Exchange,
trading under the RIC Code FRM.
Formation Group plc comprises four operating divisions:
Sports Marketing - Trading under the name of Fox Advertising, and Proactive
Sports Marketing it creates and delivers predominantly football based campaigns
for global brands. The current roster of clients include Northern Rock, Procter
& Gamble, EA Sports and Partypoker.com. The division runs the perimeter
advertising contracts at a number of Premiership grounds within the UK and
Danish Super Liga.
Player Representation - Trading under the name of Proactive Sports Management
Limited and managing some 270 footballers worldwide with 112 being based in the
Wealth Management - Trading under the name Kingsbridge Asset Management Ltd and
providing advice to clients in all areas of wealth management including
investment, tax and insurance. Its 1600 strong client base comprises mainly
professional footballers and coaches based in the UK.
Legal and Professional Services - Trading under joint ventures with leading
sports lawyers Couchman Harrington Associates and KPMG in the UK. The division
provides full legal and tax planning and advice in the fields of image rights,
sponsorship and contract negotiation.
Neil Rodford, Formation Group's Chief Executive, commented:
"As stated when announcing our interim results in April, the decision to change
the name of the Company is entirely logical and consistent with our strategy of
creating Europe's first integrated football business providing services to both
brands and athletes within this arena. All divisions are performing in line with
our expectations and I am confident that we can continue this successful trend."
Formation Group PLC Tel: (00) 44 (0)1625 536411
Neil Rodford, Chief Executive
ICIS Limited Tel: (00) 44 (0)20 7628 1114
Archie Berens or (00) 44 (0)7802 442486
|they get 10% off his wages moonie siad|
|If Rooney does stay at Everton, do PAS benefit from any uplift in his wages?|
|MNU release RNS statements that suggest a 10% cut on TRANSFER FEE.
ALAN SMITH SIGNS FOR MANCHESTER UNITED
Manchester United confirms the completion of the transfer of the registration of
Alan Smith from Leeds United Football Club to Manchester United Football Club.
The player has signed a contract until 30 June 2009.
The total consideration for this transfer is £7.05m (£6.0m payable to Leeds,
£0.3m levy payable to the FA Premier League and £0.75m fees payable to the agent
in relation to both the acquisition of the player and negotiation of his five
year contract). The fee to Leeds is payable immediately and of the agents fee,
£0.25m is payable immediately, with the balance payable in equal annual
instalments over the duration of the player's contract.|
Thanks for the two links. My broker is adamant that PAS only get a percentage of their players' salaries and NOT a percentage of transfer fees. The good news about such an arrangement is that PAS do not suffer from the 'peaks and troughs' of infrequent transfer deals and instead have a steady flow of ongoing income spread over the life of the players under contract to them. I believe they are on 5% and so if Rooney does sign with Everton on a five year contract at £12.5m, PAS will be due £625k.|
|There is talk on the wireless that Rooney has been offered a 5 yr contract at a sbstantially enhanced wage - also the club has a deal with Thailand.|
Rooney's a sure thing
PROACTIVE SPORTS, which advises footballers, is set for a big payday from 18-year-old Wayne Rooney.
It will either take a cut from a massive transfer fee or be paid for contract talks at current club Everton.
Shares, which hit 9.125p before England was knocked out of Euro 2004, rose 0.125p to 8 yesterday.|
|Big jump in the share price this morning, up from 7.75p bid to 8.5p bid, on no news other than the press comment on Rooney staying at Everton. Only 1,500 shares traded at 8.5p so, is there an announcement about to break that the mm's have got wind of?|
|6 JULY 2004
PROACTIVE SPORTS GROUP PLC
(to be re-named FORMATION GROUP plc)
ACQUISITION OF SPONSORMATIC APS
Proactive Sports Group Plc (the "Group"), a leading holistic football business, is pleased to announce the acquisition of Sponsormatic ApS "Sponsormatic", a perimeter advertising company based in Copenhagen, Denmark servicing Northern Europe.
TERMS OF THE ACQUISITION:
Initial consideration of DKK 1,400,000 (#127,000 at current exchange rates*) and a maximum total consideration of DKK 3,900,000 (#353,000).
Maximum deferred performance-related consideration payable of DKK 2,500,000 (#226,000).
To achieve the maximum deferred consideration Sponsormatic will achieve
cumulative profits after tax of DKK 4,399,000 (#398,000) in the 38 month
period to 31 August 2007.
Perimeter advertising at football and handball grounds across Scandinavia
Excellent fit with the Group's existing Sports Marketing operation "Fox Advertising".
Sponsormatic has strong record of year on year revenue growth.
Revenues of DKK 7,025,000 (#635,000) for the year ended 31 December 2003,
an increase of 40% from the previous year.
PBT of DKK 72,000 (#7,000) for the year ended 31 December 2003 (FY 2002:
loss before tax DKK 5,000 (#500) ).
EXCHANGE RATE OF DKK 11.06 PER #1
Neil Rodford, Chief Executive, commented:
"This acquisition represents another step forward in the implementation of our strategy to develop the Group as the market leader in providing a complete holistic service in football for both brands and athletes. We continue to make significant progress in our Sports Marketing proposition and the addition of Sponsormatic will further strengthen our service offer throughout Northern Europe.
I am delighted to add further depth to an already experienced management team. They come with a pedigree in brand management and with an excellent network throughout the Scandinavian region. They have a proven business model and we all very much look forward to working with the Sponsormatic management team."
Proactive Sports Group PLC Tel: 01625 536411
Neil Rodford, Chief Executive Mark Page, Finance Director
ICIS Limited Tel: 020 7628 1114
Archie Berens Caroline Evans-Jones
This information is provided by RNS
The company news service from the London Stock Exchange|
|Proactive's open goal over Rooney
Robert Lea, Evening Standard
6 July 2004
WAYNE Rooney could go to Manchester United for £30m - or he may not. But it is how agent Proactive Sports manages the Everton player's future in the near term which could make or break the reputation of the quoted footballer-adviser business, its chief executive warned today.
Proactive is likely to be in the money whatever the immediate future of the 18-year-old, whether that is a cut of a massive transfer fee or its payment for negotiations to keep him on Merseyside in a deal which is apparently on the table and worth £10m over five years to the player.
'Wayne is a very exciting client and whatever he decides will be icing on the cake for us,' said Proactive chief executive Neil Rodford.
Rodford declined to comment on Rooney's future but said his name alone is good for group business which, on top of player representation, includes wealth management and legal advice to stars.
'You'd be disappointed if it was not good for business in the long term though it could be a double-edged sword if it [the relationship] does not work out.'
Shares in the group hit a two-year peak of 9 1/8p at the height of Rooney-mania, before England were knocked out of Euro 2004, against a low of 2 7/8p last year, having floated at 25p in 2001.
Proactive, soon to be called Formation Group, has made its first step into sports marketing on the Continent, buying a small Scandinavian stadium perimeter advertising business.|
|well done to ej jnr|
|Just back from Hereford - my elder son picked up a bronze in the Cadet junior division (green to purple belt) height under 160cm and me..... well, I damaged a tendon in my foot (overstretched) while warming up and withdrew from the competition. Doh!|
|Here's the website of the Swiss referee that robbed England - let him know what you think:
Pass it on|
|Post removed by ADVFN|
|Just received the details from my broker about PAS and their players under contract.
They don't give all the names but split the players by age, number and a star player in each group:
Age Group Number Player Name
15 - 18 19 Wayne Rooney
19 - 21 67 Cristiana Ronaldo
22 - 25 59 John O'Shea
26 - 30 78 Thomas Sorensen
31 - 35 44 Niclas Jensen
>35 4 Dennis Irwin
International Status Number
|Samurai Summer Nationals, this time in Hereford. I am with the Samurai Red Dragon Dojo and compete in the senior division (balck and brown belt).|
|moonblue - Don't forget to mail me an address. I leave lunchtime for a few days off and would like to get your prize ordered before I go. ;-)
|AACUK SUMMER NATIONALS ?|
|OK - tell yer what, I'll have the top half and you the bottom half - you drink your half first.
DOH!!! Something wrong with my logic. OK better idea. I'll crack a bottle here AFTER I have competed in the Summer Nationals which happens on Sunday, regardless whether I make it to the medals. Sounds better to me.|
|thanks but ...we should share the bubbly ej|