30th Mar 2007 07:01
Enterprise Inns PLC30 March 2007 30 March 2007 ENTERPRISE INNS plc PRE-CLOSE PERIOD TRADING UPDATE Enterprise Inns plc (ETI), which will be announcing on 15 May 2007 its interimresults for the six months ending 31 March 2007, today provides the followingupdate on trading. Since the AGM statement made on 16 January the business has continued to performwell. The Board expects that both operating profit and profit before tax for thesix months to 31 March 2007 will be in line with its expectations and we remainconfident that our high quality estate will continue to create long term valuefor our shareholders. We have made further progress with our share buy-back programme and, in the pastsix months, have purchased 70.4 million shares at an average price of £6.32 pershare (adjusted to reflect the recent share split), therefore returning afurther £445 million to shareholders. At the AGM, shareholders authorised theCompany to buy back up to 89.6 million shares. We will continue the buy backprogramme during the second half of the financial year, taking into account thecash flow needs of the business. ENDS Enquiries: Emma Baines, Investor Relations Manager 0121 256 3050 or 07990 550210Ted Tuppen, Chief Executive 0121 256 3050David George, Chief Financial Officer 0121 256 3040 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
EI Group