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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Arena Events Group Plc | LSE:ARE | London | Ordinary Share | GB00BF0HYJ24 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 20.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2691L Arena Leisure PLC 19 May 2003 ARENA LEISURE PLC ANNUAL GENERAL MEETING ('AGM') STATEMENT Arena Leisure Plc ("Arena" or the "Company") today held its Annual General Meeting at Royal Windsor Racecourse. All resolutions were duly passed. During the AGM, Arena's Group Managing Director, Ian Penrose, made the following remarks: "Arena continues to be the UK's busiest independent racecourse operator. A total of 248 fixtures will be staged at Arena's six racecourses this year, being 20% of all UK race days. Underlying trading at our racecourse division for the year to date is significantly ahead of last year. Corporate hospitality bookings for the summer are encouraging. "At the time of our preliminary results we announced a unique deal with Gala Casinos to open the UK's first 'Racino' at Wolverhampton and to extend the on-site hotel. Planning permission for this development will be submitted within the next month. Royal Windsor racecourse is a special venue and we have been working closely with all interested parties on our proposals for the course. We expect to make further announcements later this year. "Current trading of attheraces is in line with our plans. As predicted in our preliminary results announcement, attheraces has already achieved the same pari-mutuel betting turnover during the first 16 weeks of this financial year as it did during the whole of 2002. Record viewing figures were achieved during Aintree's Grand National Festival and attheraces betting turnover continues to grow monthly, recently achieving its biggest betting week ever. Betting turnover on international live racing from the US and France is also encouraging. "As announced on 8 April 2003, the Office of Fair Trading ("OFT") served a Rule 14 Notice to the British Horseracing Board ("BHB") and the Jockey Club following its investigations into the governance agreements notified to it by these two bodies. The OFT's investigation has focused on the greater freedom of racecourses to organise their racing, the amounts that racecourses must offer owners in prize money and the supply of race and runners data. Arena expects the BHB and Jockey Club to respond to the OFT's Notice towards the end of June. Arena will make further announcements in due course with regards to the effect that this Ruling may have on our racecourse operations. "Arena also announced on 8 April 2003 that the OFT also issued a Rule 14 Notice to the Company expressing significant concerns that the 49 racecourses which sold certain media and betting rights to attheraces in June 2001 acted collectively in the negotiations. We are currently in discussions with our joint venture partners in attheraces and with the Racecourse Association as to how an outcome may be reached which satisfies the OFT. Our initial response will be submitted to the OFT during June 2003. Further announcements will be made in due course." For further information on 19 May, please contact: Ian Penrose, Group Managing Director Arena Leisure Plc Or Nick Davis, Director of Communications Arena Leisure Plc Care of Bell Pottinger Financial Emma Kent Tel: 020 7861 3875 Miles Bake Tel: 020 7861 3863 Thereafter: Ian Penrose Tel: 020 7495 2277 Nick Davis Tel: 020 7495 2277 This information is provided by RNS The company news service from the London Stock Exchange END AGMALMITMMBBBJJ
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