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Completion of Acquisition

24 Apr 2018 12:00

RNS Number : 9475L
Ten Entertainment Group PLC
24 April 2018
 

Ten Entertainment Group plc

 

Completion of Acquisition of Two Sites

 

Further to its announcement on 19 April 2018 relating to the acquisition of two further sites in Leeds and Luton ('the Sites'), Ten Entertainment Group plc ('the Group') is pleased to announce that following completion of all outstanding conditions, the Group has today completed the acquisition of the Sites.

 

As previously announced, the acquisition of the Sites has grown the Group's total estate to 44 sites, with four new units being added to its estate to date in FY18 as per the Group's guidance of two to four acquisitions a year.

 

In keeping with the standard practice, both of these units will now benefit from significant investment as a result of the 'Tenpinisation' process, bringing the operations, systems and technology and customer experience up to the market-leading standards of the Group's wider estate.

 

24 April 2018

 

Enquiries:

 

Ten Entertainment Group plc

 

via Instinctif Partners

Alan Hand, Chief Executive Officer

Mark Willis, Chief Financial Officer

Instinctif Partners

 

Matthew Smallwood

Tel: 020 7457 2020

Tom Berger

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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