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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ultimate Leis. | LSE:ULG | London | Ordinary Share | GB0007456139 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 157.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9046W Ultimate Leisure Group PLC 21 May 2007 ULTIMATE LEISURE GROUP plc Acquisition 21st May 2007 Ultimate Leisure Group plc announces the acquisition of four sites (three freehold and one leasehold) from Gourmet Holdings plc ('Gourmet'). The acquisition, which is subject to approval by Gourmet's shareholders, is for a total consideration of #8.75m, payable in cash and funded from current financial resources. In the last financial year to 25th June 2006, the sites delivered sales of #4.5m and EBITDA of #0.85m. For the financial year to 24th June 2007, the sites are expected to deliver EBITDA of #1m. The group is acquiring the sites with no associated central overhead. The sites trade under the name "Bel and the Dragon" and are food led pub restaurant businesses. This acquisition is in line with the strategy of Ultimate Leisure Group to balance wet led income streams with premium quality food led businesses. The Group is actively looking at other acquisitions and announcements will be made when appropriate. Mark Jones, Chairman of Ultimate, commented: 'Bel and the Dragon is an attractive business and the acquisition of these four sites would represent important progress in our stated aim of developing the food-led side of our business.' Contact: Ultimate Leisure Group Mark Jones, Executive Chairman 0191 261 8800 Craig Bell Finance Director Financial Dynamics Ben Foster / Charles Watenphul 0207 831 3113 This information is provided by RNS The company news service from the London Stock Exchange END ACQUWSBRBNRVAAR
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