ARE.L Regulatory News (ARE)

2 Oct 2006 10:38

Arena Leisure PLC02 October 2006 2 October 2006 ARENA LEISURE PLC Statement with regard to the Tote Arena Leisure Plc ("Arena"), the UK's largest operator of horseracing fixtures, confirms that the Department For Culture, Media and Sport has rejected the offer to acquire the Tote contained within the expression of interest submitted by a racing industry consortium of which Arena formed a part. Mark Elliott, Arena's Chief Executive, said today: "We thought that the offer was a realistic one and so we are disappointed that it was rejected. However, Arena has always been very clear in its attitude to acquisitions, stating that, at this stage in our development, they are likely to be opportunistic in their nature. "We can now concentrate on realising the many exciting revenue enhancing development opportunities that are available on our racecourses and delivering a high quality experience to our customers." - ends- For further information please contact: Mark Elliott, Chief ExecutiveArena Leisure Plc Tel: 020-7495-2277 e-mail: contact@arenaleisureplc.com David Rydell/Geoff CallowBell Pottinger Corporate & Financial Tel: 020-7861-3232 This information is provided by RNS The company news service from the London Stock Exchange