13th Nov 2007 07:01
All Leisure Group plc13 November 2007 All Leisure Group plc: Trading Statement & Special Cruise Offer For Shareholders All Leisure Group (ALLG), the established specialist cruise holiday operator,which owns the brands of Voyages of Discovery, Swan Hellenic and Discover Egypttoday announces a pre-close statement ahead of its maiden preliminary resultsfor the year ended 31 October 2007 on 26th January 2008. The Board of Directorsanticipates the results for the year will be in line with expectations. All Leisure successfully listed on AIM on 1st October 2007, raising £19.66million (before expenses) of which £10 million was paid to the company Review of Operations: On 7th November 2007, All Leisure took delivery of Explorer II (to be renamedMinerva in March 2008) which started cruising its winter programme from Ushuaia,Argentina the following day. Mv Discovery started its winter cruise season onSaturday 10 November from Lisbon. In line with our expectations on flotation,current revenues to date for Winter 2007/2008 for both ships are in excess of90% of budgeted revenue. Voyages of Discovery sales, operating on the mv Discovery for Summer 2008 areprogressing well with 51% of budgeted revenue sold for 49% of budgeted capacity.This compares with 46% and 43% respectively at the same time last year. SwanHellenic, the brand acquired in July, has exceeded the Board's originalexpectations for sales for next summer. It has sold 88% of its budgeted revenueand 85% of its budgeted capacity on Minerva. Discover Egypt, which schedules sales later than ocean cruising and specialisesin cruises on the Nile, is trading in line with budget for both Winter and nextSummer." Special Cruise Offer for Shareholders: All Leisure Group plc would also like to announce that any shareholder, with aholding of at least 10,000 ordinary shares in the Company at the time ofbooking, will be entitled to a 5% discount on all cruises, for bookings takenon, or after 28 November 2007. Roger Allard, Chairman of All Leisure Group plc commented: "Following oursuccessful listing last month, the Group is growing from strength to strength.From our established business model and destination-led cruising holidays, wehave achieved record bookings. We value our customers and would like to take the opportunity of enabling themto participate in the Group's success going forward. It is for this reason thatwe have, today, announced a special qualified holiday discount for All Leisureshareholders." Ends Enquiries: All Leisure Group plc 01444 462 103Roger Allard Blue Oar Securities (Nominated Adviser and Broker)William Vandyk 020 7448 4400 Citigate Dewe Rogerson (Public Relations)Ginny Pulbrook 020 7 282 2945 Notes to Editors: All Leisure Group is the holding company of All Leisure Holidays, an establishedcruise holiday company which owns the tour operators Voyages of Discovery, SwanHellenic and Discover Egypt. Voyages of Discovery and Swan Hellenic offerdestination-led cruises to a number of countries and are focused on the marketfor mature passengers whilst Discover Egypt offers package holidays to Egypt,including cruises and excursions on the River Nile. Discovery Cruises Limited, a wholly owned subsidiary of All Leisure Group ownsthe cruise ship, Discovery. The Group added a second ship, Explorer II, to itsoffering in November 2007, which will be renamed Minerva in March 2008. The main trading divisions of All Leisure Holidays are Voyages of Discovery,Swan Hellenic and Discover Egypt. All Leisure successfully listed on AIM on 1 October 2007. 10,920,617 new andexisting All Leisure shares were placed with institutional investors at 180pence per share (the "Placing Price") raising £19.66 million (before expenses),of which £10 million was payable to the Company. At the Placing Price, theCompany's market capitalisation is approximately £110.5 million. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ALLG.L