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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Volution Group Plc | LSE:FAN | London | Ordinary Share | GB00BN3ZZ526 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-5.00 | -0.81% | 615.00 | 614.00 | 616.00 | 624.00 | 614.00 | 620.00 | 1,610,663 | 16:35:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Equip Rental & Leasing, Nec | 347.61M | 42.8M | 0.2163 | 28.48 | 1.23B |
RNS Number:6278L First Artist Corporation PLC 28 April 2005 28 April 2005 First Artist Corporation plc ("First Artist") AGM Statement At its Annual General Meeting today, First Artist will make the following comments on current trading, prospects and strategy. Trading First Artist is pleased to report that the actions taken by the Board over the past twelve months to reduce overheads and improve the efficiency of the business are producing encouraging results. The balance of our business is heavily weighted to the second half of our financial year. Our first half results, for the period to 30 April 2005, will only contain one month's player trading activity, however, we have significantly reduced the operating cost base and as a result we will report an improved financial performance over the corresponding period last year. Looking forward, we are encouraged by the levels of activity for the summer transfer window and by the progress of our recently established Media division, which is now entering its second profitable year. Overall we are confident of achieving our corporate and financial objectives for the year. Strategy Our strategy is to diversify and reduce our dependence on the football market by developing a business utilising our skills in personality and player management, plus wealth and event management and promotions. Over the past twelve months we have identified and evaluated a number of potential acquisition opportunities. We have made significant progress in this area and will update the market of developments in the near future. Notwithstanding the above, we still firmly believe that the global football market offers exciting growth potential and through our leading First Artist brand we are extremely well positioned to capture this growth. Recent Developments In March 2005 we announced the appointment of Tim Chadwick as non executive chairman. Tim has a strong track record of growing companies through acquisition and his M&A and financing experience will be invaluable to us as we grow our business both organically and by acquisition in the coming years. We are in the course of relocating our Asia Pacific operations from Singapore to Qatar in order to exploit fully the opportunities being offered to us in the Middle East market. We look to the future with increasing confidence as the group enters an exciting new stage of its development. - ends - For further information, please contact: First Artist Corporation PLC Jon Smith, Chief Executive 020 8900 1818 Richard Hughes, Finance Director Smithfield Consultants George Hudson 020 7360 4900 Notes to Editors First Artist Corporation plc (FAN.LN) was founded by Chief Executive Jon Smith in 1986. It is one of world's leading football management groups with offices in London, Milan, the USA and Middle East. It was one of the first football agencies to IPO, joining the London Stock Exchange in December 2001. First Artist's primary revenue generation stream is from commission from the transfer of football players or the regeneration of their contracts. The Group is now one of a handful of agencies whose personnel hold both FIFA match and transfer licences. It is working with other leading European agencies, senior European clubs and leagues to enhance the position, reputation and transparency of the football transfer market and in particular the role of agents. First Artist also offers a complete in-house management service with specialist divisions for Marketing, Media Management, Television /Media Production, Event Production and Sponsorship. The Media/Commercial Division represents top sporting and TV personalities. First Artist's client roster exceeds 200 individuals primarily involved with the sports and television industry. This information is provided by RNS The company news service from the London Stock Exchange END AGMIRMPTMMBTBRA
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