Pre-Close Statement
01 Noviembre 2006 - 1:01AM
UK Regulatory
RNS Number:3347L
Tinopolis PLC
01 November 2006
1st November 2006
Tinopolis plc ("the Company")
Pre-Close Statement and Change of Advisor
Tinopolis, one of the UK's largest independent producers of new media and TV
programming, issues the following trading update for the twelve months ended 30
September 2006.
The Directors are pleased to report that the Company continues to experience
strong trading conditions and has made solid progress in meeting its objectives
for the year. The integration of The Television Corporation into the group has
proceeded well with little disruption to the Company's other operations.
As a result, the Directors expect to report results in line with market
expectations, with a 351% increase in revenues from continuing operations to
#47.0m, compared with the same period to September 2005. Sales for the
pre-acquisition business also grew strongly and were 15% higher than prior year.
With improving revenue visibility in the Group, the directors view the outlook
for the current year with confidence
Tinopolis will announce its preliminary results on 12th December 2006.
Change of Adviser
Tinopolis plc is pleased to announce that it has appointed Investec
as Nominated Adviser & Broker to the Company with immediate effect.
Notes to Editors
The Tinopolis Group is one of the United Kingdom's leading independent
television production companies. Established in 1989 and based in Llanelli, the
company has recently completed the acquisition of The Television Corporation,
owners of Sunset + Vine, Mentorn, Hawk-eye and RedBack Films. Tinopolis is now
ranked as Britain's sixth largest independent television producer.
Tinopolis is also one of Britain's leading new media producers. The company
produces a range of interactive, training and education materials for clients
including the Ministry of Defence, the University for Industry, the WDA,
Scottish Enterprise, the BBC and ACCAC in addition to other government and
public authorities in the UK and corporate organisations worldwide.
For further information, please contact :
Tinopolis Plc. 01554 880880
Ron Jones, Executive Chairman
Arwel Rees, Managing Director
Jeremy McKeown , Investec 020 597 5067
Mantra public relations 020 7907 7800
Lawrence Dore / Nick Bishop,
ldore@mantra-pr.com / nbishop@mantra-pr.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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