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Directorate and Trading Update

16th Dec 2010 07:00

RNS Number : 0521Y
Goals Soccer Centres PLC
16 December 2010
 



Goals Soccer Centres plc

("Goals" or the "Company")

 

Appointment of Non-Executive Director and Trading Update

 

Appointment of Philip Burks as Non-Executive Director

 

Goals Soccer Centres plc is pleased to announce the appointment of Mr. Philip Burks as non-executive director of the Company with immediate effect.

 

Mr. Burks co-founded Big Yellow Group plc in September 1998, served as property director until March 2007 and is currently a non-executive director. Prior to that he was joint CEO of Edge Properties plc, a business which he co-founded in 1989, was listed on the London Stock Exchange in 1996 and then taken over by Grantchester Properties plc in 1998.

 

There are no other disclosures required by paragraph (g) of Schedule 2 to the AIM Rules.

 

Trading Update

 

Prior to the latest extraordinary snowfalls across the UK, Goals was trading in line with market expectations. Our core football business has remained resilient and ancillary spend has improved. The effect of the most recent snowfalls has led to a reduction in previously anticipated profit before tax of approximately £0.7m for the year ended 31 December 2010, which is within the range of the most recent market expectations.

 

The Company currently operates 38 centres across the UK and one in the USA, with a further four under construction at Sunderland, Liverpool South, Norwich, and Hull. Each of these is due to open on schedule except Liverpool South which has been delayed to early January 2011 due to the recent snowfall.

 

Change of Adviser Name

 

The Company has been advised that, with effect from Monday 13 December 2010, its Nominated Adviser and Broker became Peel Hunt LLP.

 

 

Keith Rogers, CEO of Goals commented:

 

 

 "We are delighted to welcome Phil Burks to the Board of Goals Soccer Centres. His experience in running highly successful property companies will be invaluable to Goals as we seek to capitalise on our position as the premier operator of 5-a-side soccer centres across the UK. Our pipeline of sites is significant and Phil's expertise will help us to deliver our rollout strategy.

 

"Trading across the Company has been resilient up until the recent snowfall. Our site pipeline remains strong and we are confident that we will deliver on our strategy to continue Goals' expansion in 2011 and beyond."

 

 

16 December 2010

 

Enquiries:

 

Goals Soccer Centres plc

Tel: 01355 234 800

Keith Rogers, Managing Director

Bill Gow, Finance Director

 

 

KBC Peel Hunt (Nominated Advisor and Broker)

Tel: 020 7418 8900

Dan Webster

 

 

College Hill

Tel: 020 7457 2020

Matthew Smallwood

Jamie Ramsay

 

 

 

 

 

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