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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Axa | AQEU:CSP | Aquis Europe | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 33.70 | 33.70 | 33.70 | 0.00 | 00:00:00 |
RNS Number:4539K Crown Sports PLC 29 April 2003 CROWN SPORTS PLC The Winning Line (Sport & Leisure) Limited In April 2001, Crown Sports PLC ("Crown Sports") acquired 70 per cent. of The Winning Line (Sport & Leisure) Limited ("The Winning Line"), a sports betting business. On 28 April 2003, the minority shareholders in The Winning Line exercised their put option granted in April 2001 enabling them to require Crown Sports to purchase their remaining 30 per cent. interest in The Winning Line for #870,000 in cash. Immediately following completion of the exercise of the put option, Crown Sports sold 100 per cent. of The Winning Line to Last Race Limited, a newly-formed company owned by the minority shareholders, for #70,000 in cash. The sale agreement also provides for the elimination of inter-company indebtedness owing by Crown Sports to The Winning Line amounting to approximately #293,000. The disposal of The Winning Line represents a further step in the implementation of the agreed strategy to focus on Crown Sports' health and fitness business and to dispose of its non-health and fitness assets. Crown Sports' audited consolidated accounts for the year ended 31 December 2002 show that The Winning Line had revenues of #760,000 and an operating loss after exceptional items of #572,000 for that period and that as at 31 December 2002 it had net assets of #40,000. Contacts:- Ray Pierce, Chairman 020 8662 4900 This information is provided by RNS The company news service from the London Stock Exchange END DISILFIRSAITFIV
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