26 Apr 2012 07:00
Goals Soccer Centres plc
AGM Statement
The Annual General Meeting of Goals Soccer Centres plc ("Goals" or "the Company"), the premier operator of 'next generation' 5-a-side soccer with 43 centres across the UK and one in the USA, is being held at 12.00 noon today, 26 April 2012 at Goals Eltham, Baldon Sports Ground, Eltham Palace
Road, Eltham, London SE9 5LU.
At the meeting Sir Rodney Walker, Chairman, will make the following statement:
"Goals opened its first modular build centre in Chester on 18 March 2012. This centre was delivered on budget and on time. The Board will evaluate all aspects of this during the remainder of 2012 with a view to resuming the rollout of more centres from 2013, economic and market conditions allowing.
In the period since we announced our results for the financial year ended 31 December 2011, the Company has traded in line with expectations and the Board remains confident of Goals' continued progress in 2012 and beyond.
Sales and profits at Goals USA have continued to grow steadily and the Board believes there is significant potential for further growth.
On 9 February 2011, HMRC issued a briefing note indicating that commercially operated sports leagues should be standard rated for VAT purposes. The Company has complied with this from 9 February 2011 and lodged an appeal in July 2011. The Board expects that the appeal will be heard during the second half of 2012.
On 2 April 2012, the Company entered an offer period following the announcement by the Company regarding a possible offer for the Company by Ontario Teachers' Pension Plan. The Company remains in offer discussions and at this time there can be no certainty that an offer will be made for the Company. Under Rule 2.6(a) of the Code, Ontario Teachers' Pension Plan have until 5pm on Monday 30th April 2012 to make a further announcement."
A copy of this announcement will be made available shortly on the Company's website www.goalsplc.co.uk in accordance with Rule 30.4 of the Takeover Code.
26 April 2012
Enquiries:
Goals Soccer Centres plc | Tel: 01355 234 800 |
Keith Rogers, Managing Director | |
Bill Gow, Finance Director | |
Canaccord Genuity Limited Mark Dickenson Nick Stamp | Tel: 020 7523 8310 |
College Hill | Tel: 020 7457 2020 |
Jamie Ramsay |