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Interim Management Statement

14 Nov 2008 07:30

RNS Number : 1552I

Regent Inns PLC

14 November 2008

REGENT INNS PLC

INTERIM MANAGEMENT STATEMENT

Regent Inns plc ("the Group") announces its interim management statement for the period from 29 June 2008 to date, as required by the UK Listing Authority's Disclosure and Transparency Rules.

Trading in the first 15 weeks of the reporting period was commented on in the Chairman's statement accompanying the Group's financial results for the 52 weeks ended 28 June 2008, under 'current trading and prospects', as reported on 16 October 2008.

Key points relating to the 15 weeks trading period to 12 October 2008:

like-for-like sales down 13% on last year

the comparable period included some strong trading during the Rugby World Cup

substantial cost savings have been implemented including the major restructure of head office that took place in July 2008. Capital expenditure during the current financial year will be no more than £5m.

our lending banks have been very supportive and our banking facilities (which do not expire until September 2010) have recently been revised in order to ensure they are appropriate for our current circumstances. As a result of these revisions, total facilities currently available to the Group are £96.5m and the cost of borrowing has increased substantially (although the recent reductions in base rate will help to mitigate this increase).

Subsequent to 12 October 2008, like-for-like sales trends are unchanged.

The Group expects to provide a further trading update on 17 December 2008, at its Annual General Meeting.

Enquiries:

Regent Inns plc 020 8327 2540

Jim Glover, Chairman

John Leslie, Chief Executive Officer

Merlin 020 7653 6620

Paul Downes 07900 244 888

Anja Kharlamova 07887 884 788

This information is provided by RNS

The company news service from the London Stock Exchange

END

IMSFFUFADSASEEF

Date		Source	Headline
29th Jun 2005	9:04 am	PRN	EPT Disclosure
29th Jun 2005	9:00 am	PRN	EPT Disclosure
28th Jun 2005	10:17 am	RNS	EPT Disclosure
28th Jun 2005	9:26 am	PRN	EPT Disclosure
28th Jun 2005	9:22 am	PRN	EPT Disclosure
27th Jun 2005	11:12 am	RNS	Rule 8.3- (Regent Inns)
27th Jun 2005	9:03 am	PRN	EPT Disclosure
27th Jun 2005	8:59 am	PRN	EPT Disclosure
24th Jun 2005	11:35 am	RNS	EPT Disclosure
24th Jun 2005	10:00 am	PRN	EPT Disclosure
23rd Jun 2005	11:45 am	RNS	Rule 8.3- (Regent Inns)
23rd Jun 2005	10:39 am	RNS	Rule 8.3- Regent Inns Plc
23rd Jun 2005	10:22 am	RNS	EPT Disclosure
23rd Jun 2005	8:59 am	PRN	EPT Disclosure
23rd Jun 2005	8:53 am	RNS	Put up or shut up deadline
23rd Jun 2005	8:51 am	PRN	EPT Disclosure
22nd Jun 2005	10:57 am	RNS	EPT Disclosure
22nd Jun 2005	8:35 am	PRN	EPT Disclosure
22nd Jun 2005	8:28 am	PRN	EPT Disclosure
21st Jun 2005	9:16 am	RNS	EPT Disclosure
21st Jun 2005	8:24 am	PRN	EPT Disclosure
20th Jun 2005	12:12 pm	RNS	SAR 3-Regent Inns-Replacement
20th Jun 2005	11:28 am	RNS	SAR 3 - Regent Inns
20th Jun 2005	10:40 am	RNS	EPT Disclosure
20th Jun 2005	10:06 am	PRN	EPT Disclosure
20th Jun 2005	9:39 am	RNS	Rule 8.3- Regent Inns-Replace
17th Jun 2005	11:21 am	RNS	Rule 8.3- Regent Inns
17th Jun 2005	10:29 am	RNS	Rule 8.3- Regents Inns Plc
17th Jun 2005	9:43 am	RNS	EPT Disclosure
16th Jun 2005	11:07 am	RNS	EPT Disclosure
16th Jun 2005	10:22 am	RNS	EPT Disclosure
16th Jun 2005	9:02 am	PRN	EPT Disclosure
16th Jun 2005	9:00 am	PRN	EPT Disclosure
15th Jun 2005	9:48 am	PRN	EPT Disclosure
15th Jun 2005	9:37 am	RNS	EPT Disclosure
14th Jun 2005	10:49 am	RNS	EPT Disclosure
14th Jun 2005	7:15 am	PRN	EPT Disclosure
13th Jun 2005	11:44 am	RNS	EPT Disclosure
13th Jun 2005	9:52 am	RNS	EPT Disclosure
13th Jun 2005	8:37 am	PRN	EPT Disclosure
10th Jun 2005	11:49 am	RNS	EPT Disclosure
10th Jun 2005	11:32 am	RNS	Holding(s) in Company
10th Jun 2005	11:04 am	RNS	Rule 8.3- Regent Inns Plc
10th Jun 2005	10:19 am	RNS	EPT Disclosure
10th Jun 2005	8:06 am	PRN	EPT Disclosure
9th Jun 2005	10:11 am	RNS	EPT Disclosure
9th Jun 2005	8:53 am	PRN	EPT Disclosure
9th Jun 2005	8:46 am	RNS	Rule 2.10 Announcement
8th Jun 2005	5:26 pm	RNS	Response Statement
20th Apr 2005	4:24 pm	RNS	Holding(s) in Company

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