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NAE Nord Anglia ED.

461.00
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nord Anglia ED. LSE:NAE London Ordinary Share GB0006582729 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 461.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Investor / Analyst Site Visit

25/09/2003 8:00am

UK Regulatory


RNS Number:1431Q
NordAnglia Education PLC
25 September 2003


FOR IMMEDIATE RELEASE                                        25 SEPTEMBER 2003



                            NORD ANGLIA EDUCATION PLC                                          
                                        
                          Investor / Analyst Site Visit                                             
                          International Schools : Warsaw


Nord Anglia Education PLC ("Nord Anglia"), the education and training company,
is holding a site visit today for institutional investors and analysts at its
new international school, in Warsaw, Poland.


Nord Anglia's International Schools offer a British-style education to
expatriate children and, in some countries, to indigenous families. In addition
to its 12 UK schools, the Group operates nine schools in Central and Eastern
Europe and the Far East. The Board believes that there are excellent
opportunities for further growth of the International Schools business both in
existing and new markets.


The International Schools are a key growth area for the Company. Turnover has
grown by 29% and contribution by 49% during the last 12 months. Nord Anglia
currently has three locations in Warsaw catering for 450 students.


On 5 September 2003, Nord Anglia announced that it proposes to raise #10 million
(#9.3 million net of expenses) by means of a Placing and Open Offer.
Simultaneously, Nord Anglia announced the acquisition of an operator of nine
nursery units across South West London and Surrey for a total consideration of
#3.2 million. The fundraising, which has been fully underwritten by Brewin
Dolphin Securities, is due to complete on 30 September 2003.


Additionally, Nord Anglia announced a restructuring of the Group, which will
focus the business on the three core areas that have the greatest growth
potential - Outsourcing, Nurseries and Schools.


On 5 September, the Group commented that since the announcement of its interim
results, trading has been in line with the Board's expectations, and as a
result, the Directors expect to report a satisfactory result for the year ended
31 August 2003.


Nord Anglia intends to issue its full year figures for the year ended 31 August
2003 in November 2003.



For further information, please contact:

Kevin McNeany, Chairman
Andrew Fitzmaurice, Chief Executive Officer
Nord Anglia Education PLC
www.nordanglia.com                                        Tel No: 0161 491 8404

Sandy Fraser                                              Tel No: 0131 225 2566
Richard Evans                                             Tel No: 0161 839 4222
Brewin Dolphin Securities Ltd
www.corporatefinance.brewin.co.uk

Lisa Baderoon (lisab@buchanan.uk.com)
Buchanan Communications:                                       M: 07721 413 496
www.buchanan.uk.com                                       Tel No: 020 7466 5000








                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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