SCEL Sceptre

 

TIDMSCEL 
 
RNS Number : 1026E 
Sceptre Leisure PLC 
15 December 2009 
 

Sceptre Leisure Plc 
("Sceptre" or the "Company") 
 
 
Acquisition of Australian 8 Ball 
 
 
Sceptre, one of the leading suppliers of amusement machines in the UK, is 
pleased to announce that it has acquired the entire issued share capital of 
Australian 8 Ball Company Limited, a southern UK based supplier of amusement 
machines. 
 
 
Australian 8 Ball is based in Wimborne, Dorset and operates 1150 machines in 410 
sites predominately across the south and south-west of England. In the 12 months 
to August 2009 Australian 8 Ball had revenues of GBP2.0 million. 
 
 
The total consideration payable for the entire issued share capital of 
Australian 8 Ball is GBP1.1 million, to be satisfied by GBP990,000 in cash from 
the Company's existing resources and the issue of 182,422 new ordinary shares at 
60.3p to the vendors. These ordinary shares will rank pari passu with existing 
Ordinary Sceptre shares. 
 
 
The acquisition of Australian 8 Ball strengthens Sceptre's position in the 
important southern marketplace and adds a strategically important depot in that 
area. Together Sceptre and Australian 8 Ball will operate in excess of 22,000 
machines across the UK. 
 
 
The new ordinary shares represent approximately 0.3% of the total issued share 
capital of the Company and the vendors of Australian 8 Ball have undertaken not 
to dispose of their new ordinary shares for a minimum period of 6 months 
following Admission other than in limited circumstances. It is expected that 
Admission will occur and dealings will commence in those shares on 21 December 
2009. 
 
 
Ken Turner, CEO of Sceptre Leisure said, 
 
 
"Australian 8 Ball is an excellent fit with our business and strengthens our 
presence in southern England. Sceptre will continue to grow both organically and 
by selected acquisition. As is the Sceptre way, integration of Australian 8 Ball 
into our business will be effected quickly and efficiently to derive the maximum 
benefit." 
 
 
 
 
15 December 2009 
 
 
Enquires 
+-------------------------------------+-------------------------------------------+ 
| Sceptre Leisure plc                 |                              01772 694242 | 
| Ken Turner                          |                                           | 
|                                     |                                           | 
+-------------------------------------+-------------------------------------------+ 
| Seymour Pierce (NOMAD)              |                             0207 107 8000 | 
| Sarah Jacobs / Christopher Wren     |                                           | 
|                                     |                                           | 
+-------------------------------------+-------------------------------------------+ 
| College Hill                        |                             0207 457 2020 | 
| Matthew Smallwood                   |                                           | 
+-------------------------------------+-------------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ACQTIBRTMMIBBJL 
 

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