RNS Number : 2247X

Belvedere Leisure Resorts PLC

31 December 2021

31 December 2021

Belvedere Leisure Resorts plc

("Belvedere" or the "Company")

Corporate Update & Delay to Publication of Accounts

Belvedere, the luxury holiday resort developer, are delighted with the progress made during the course of 2021 and the strong business momentum gained, particularly during the later part of the year, placing the Company in a strong position as it goes into 2022. Bookings for the Company's 160 acre Landal Barnsoul site are anticipated to be strong in January as per industry norms, where one fifth of annual bookings usually take place in January.

Development works at Barnsoul will recommence from 5 January 2022 following the festive break and approximately GBP3 million of lodges are scheduled to be delivered to the site during January 2022. The Company's development plans and onsite works at Barnsoul continue to accelerate and the project remains on track for its official opening in Spring 2022. The board looks forward to announcing further progress in due course.

Delay to Publication of Accounts

Although the results for the year ended 30 June 2021 have been produced by the Company, the audit has not yet been concluded due to the impact of Covid-19 on the availability of the Company's professional advisers. The Company now expects the audit to be completed in the coming weeks to enable the accounts for the year ended 30 June 2021 to be published by the end of January 2022.

The Company and its board would like to take this opportunity to thank all stakeholders for their continued support and wish all a healthy and prosperous New Year.

The directors of Belvedere Leisure Resorts plc accept responsibility for this announcement.

For further information, please contact:

Belvedere Leisure Resorts plc

Paul Brazewell, Executive Director

Tel: +44 (0) 203 773 1361

Email: invest@belvedereleisureresortsplc.com

Alfred Henry Corporate Finance Limited

AQSE Corporate Advisor

Jon Isaacs


Tel: +44 (0) 203 772 0021

IFC Advisory Limited

Financial PR & IR

Tim Metcalfe

Tel: +44 (0) 203 934 6632

Email: belvedere@investor-focus.co.uk

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(END) Dow Jones Newswires

December 31, 2021 08:10 ET (13:10 GMT)

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