Olympic Catering Contract (0002B)
10 Febrero 2011 - 1:00AM
UK Regulatory
TIDMARE
RNS Number : 0002B
Arena Leisure PLC
10 February 2011
ARENA LEISURE PLC
Provision of catering services at the 2012 Olympic and
Paralympic Games
Arena Leisure Plc ('Arena'), the UK's leading operator of
horseracing fixtures that owns and operates seven racecourses in
the UK comprising Doncaster, Royal Windsor, Lingfield Park,
Southwell, Wolverhampton, Folkestone and Worcester and provides the
catering services at all seven venues, today announces that it has
successfully tendered to The London Organising Committee of The
Olympics Games and Paralympic Games Limited (LOCOG) and been
awarded the contract to provide catering services at both the Eton
Dorney and Greenwich Park venues as part of the Olympic and
Paralympic Games in 2012.
During the Olympic and Paralympic Games in 2012, Eton Dorney
will be home to the sprint canoeing and rowing events and Greenwich
Park will be home to the equestrian and modern pentathlon
events.
The contract contains elements of both fixed income and income
that is dependent upon the numbers of attendees and their spend per
head. The Board currently estimates that Arena's 2012 net profit
contribution from the contract will be in the range of GBP0.5
million - GBP1.0 million.
Mark Elliott, Chief Executive of Arena, commented:
"Arena formed its own catering business in 2007 and since then
it has established a leading food and beverage offering across each
of our seven Racecourse venues. This contract adds another
dimension to Arena's increasingly diversified revenue streams".
10 February 2011
Enquiries:
Arena Leisure Plc Tel: 020 7632 2080
Mark Elliott, Chief Executive
Tony Harris, Finance Director
College Hill Tel: 020 7457 2020
Justine Warren
Matthew Smallwood
Forward-looking statements
This report may contain certain statements about the future
outlook for Arena. Although Arena believes its expectations are
based on reasonable assumptions, any statements about future
outlook may be influenced by factors that could cause actual
outcomes and results to be materially different.
www.arenaleisureplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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