ARE Arena Events Group Plc

RNS No 4175p
ARENA LEISURE PLC
25 June 1999


ARENA LEISURE PLC RESULT OF THE EXTRAORDINARY GENERAL MEETING
OF THE COMPANY (THE "EGM") 25 JUNE 1999

The  Company announces that at the EGM held earlier today  the
resolutions  to  approve  the  acquisition  of  R.A.M.  Racing
Leisure  Limited,  to increase the Company's authorised  share
capital and to grant the directors specific authority to allot
shares  in  relation to the proposed rights  issue  were  duly
passed.

Provisional  allotment  letters  representing  the  right   to
subscribe for new Ordinary Shares of 5p each in the capital of
the Company (the 'New Ordinary Shares') pursuant to the Rights
Issue  are being posted to qualifying shareholders today.  The
Company is raising approximately #6.2million (net of expenses)
by  way  of  the rights issue on the basis of 1  New  Ordinary
Share  for  every  4 Ordinary Shares at 15p per  New  Ordinary
Share to fund the acquisition of R.A.M. Racing Leisure Ltd.

Dealings in the New Ordinary Shares, nil paid, are expected to
commence at 9.00am on 28 June 1999.

The  latest time and date for acceptance and payment  in  full
under the Rights Issue is 3.00 p.m. on 19 July 1999.

Enquiries:

Arena Leisure Plc             01342 831700
Graham Parr                   
Ian Penrose


END

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