ARE.L Regulatory News (ARE)

27 Dec 2007 13:22

Arena Leisure PLC27 December 2007 Arena Leisure Plc ("Arena" or "The Company") Statement re. Daily Telegraph article Arena Leisure Plc has noted an article in the Daily Telegraph entitled"Bookmakers gallop to racecourse funding deal" by Alistair Osborne, concerning acommercial replacement for the horserace betting levy. The article states thatArena is involved in negotiations for a commercial alternative to the levy. Arena totally refutes the assertions made in the article and withdraws itsinclusion in the list of racecourse operators involved in such a deal. Neitherthe Company nor its advisers were approached by the Daily Telegraph before thearticle went to press and Arena therefore had no ability to disassociate itself from the story. - Ends - For further information call: Arena Leisure Plc Mark Elliott, Chief Executive 020 7632 2080 Bell Pottinger Corporate & Financial David Rydell 020 7861 3232Olly Scott 078 12345 205 This information is provided by RNS The company news service from the London Stock Exchange