Notice of AGM

27 Mar 2008 07:01

Arena Leisure PLC27 March 2008 Arena Leisure Plc ('Arena' or 'the Company') Adoption of new Articles of Association Arena Leisure Plc has today given notice to shareholders of its Annual GeneralMeeting ('AGM') to be held on 28 April 2008 at which a resolution will beproposed to adopt new Articles of Association. Arena has, in accordance with DTR6.1.2, supplied a draft of the Company's proposed new Articles of Association tothe UK Listing Authority. The revised Articles of Association will shortly be available for inspection atthe UK Listing Authority's Document Viewing Facility, which is situated at: The Financial Services Authority 25 The North ColonnadeCanary Wharf London, E14 5HS. They are also available on the Company's website: http://www.arenaleisureplc.com/investor-information/association.html and hard copies are available for inspection at the Company's registered office and will be available at the AGM venue on 28 April 2008, shortly before the meeting. It is proposed that Arena adopts new Articles of Association, to take account ofthe changes brought about by the implementation of the Companies Act 2006. Thenew Articles of Association are different from the current Articles ofAssociation of the Company in a number of respects: * Articles which reflect statutory provisions have been amended to reflect the changes brought about by the Companies Act 2006, for example in relation to the form of resolutions, the variation of class rights and the period of notice required to convene general meetings; * Further amendments have been made to existing articles, for example entitling proxies to vote on a show of hands and allowing members to appoint more than one corporate representative to attend a meeting, reflecting the provisions of the Companies Act 2006; and * New articles have been added to take advantage of new powers in the Companies Act 2006, for example provisions relating to directors' conflicts of interest, making provision for employees on cessation of business, electronic and website communications and directors' indemnities and loans to fund expenditure. The new Articles of Association will come into force if and when adopted at theAGM (or any adjournment of the AGM). A further announcement will be made in due course confirming the results of the AGM. - Ends - For further information please contact: Bob Mercer, Chief Financial OfficerArena Leisure Plc Tel: 020-7632-2080e-mail: contact@arenaleisureplc.com David Rydell / Olly ScottBell Pottinger Corporate & Financial Tel: 020-7861-3232 www.arenaleisureplc.com This information is provided by RNS The company news service from the London Stock Exchange