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Share Name | Share Symbol | Market | Type |
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Fabrinet | TG:FAN | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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-2.60 | -1.16% | 220.80 | 219.80 | 221.80 | 0.00 | 22:50:10 |
RNS Number:9205J First Artist Corporation PLC 11 April 2003 Embargoed until 0700 11 April 2003 FIRST ARTIST CORPORATION PLC LAUNCHES SNOOKER MANAGEMENT COMPANY ("First Artist" or the "Company") World Professional Champion and Junior World Champion are first signing First Artist Corporation plc (LSE: FAN), the leading global football management and representation company, is pleased to announce the launch of a subsidiary snooker management company, First Artist Snooker Management Limited. The new company will offer global management of some of the world's top snooker players, as well as represent and encourage the development of talented junior players. Peter Ebdon, the World Professional Champion and Ding Junhui, the World Junior Champion have already been signed and will be managed by Keith Warren, who has been involved in snooker management for fourteen years and will become a Director of First Artist Snooker Management. The launch of First Artist Snooker Management is another significant step for First Artist Corporation, which is continuing to implement its strategy of diversification, by leveraging core representation skills into non-football areas. Whilst the snooker season runs from the beginning of September until the end of May, First Artist is able to earn a continuous revenue stream from snooker activities throughout the year. Revenue is derived from the earnings of the client roster, which includes income they earn from players' tournaments, as well as from appearances and sponsorship deals. The Board believes that the new company will become profitable during the first year of trading. "We are extremely enthusiastic about the new company and its prospects," said Keith Warren, Director of First Artist Snooker Management. "The snooker industry is in transitional stage and presents an exciting opportunity. We intend to take advantage of the growing interest in this developing industry. We have already signed Peter, who is one of the world's leading players and current world champion, as well as Ding Junhui, the Under 21 World Champion, arguably the game's most promising new star. Furthermore, we are aiming to sign some of the game's top players over the next few months." Jon Smith, Chief Executive of First Artist Corporation commented, "We taking steps to become less dependent on the traditional deal based revenue stream and while we remain confident of the viability of the football sector, the launch of First Artist Snooker Management confirms our commitment to expanding the business into non-football sectors, thereby becoming more resilient to the current downturn in the football market. The new company is well positioned to grow organically and will substantially widen the scope of First Artist's offering." Peter Ebdon commented, "I am delighted to be associated with First Artist and I am very confident that within a short time it will become a most professional and successful snooker management company." - ends - For further information, please contact: WMC Communications 020 7591 3999 Scott Learmouth / Jo Livingston About First Artist Corporation plc: First Artist Corporation plc was founded in 1986 by Jon Smith. Its primary business activity is representing the commercial interests of leading personalities in the UK's football market. First Artist is already one of the largest independent agencies in the world, representing some 426 managers and players. Among its existing client base are players such as James Beattie (Southampton), Kevin Phillips (Sunderland), Fredrik Ljungberg (Arsenal, Halmstad), Tore Andre Flo (Sunderland), Nwankwo Kanu (Arsenal), Celestine Babayaro (Chelsea), and Lee Hendrie (Aston Villa), Eidur Gudjohnsen (Chelsea), Herman Hreidarsson (Charlton) and Lucas Neill (Blackburn). In addition the Company represents Mark McGhee (Manager of Millwall) and commentators Andy Gray, Andy Townsend, Clive Tyldesley. The company also has a media division, which was formed in September 2001 which represents over 20 media personalities including, Ruud Gullit, Sir Geoff Hurst MBE and Alan Parry. This information is provided by RNS The company news service from the London Stock Exchange END MSCEAXLEFLNDEFE
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