World Sport Group PLC
1 July 2002
Date: 1 July 2002
On behalf of: World Sport Group plc (World Sport Group or the Company)
WORLD SPORT GROUP PLC
Suspension of Shares and Appointment of Interim Finance Director
As announced on 28 June 2002 by World Sport Group plc, the Company confirms that
its final results for the period ended 31 December 2001 have not yet been
finalised and trading in the Company's shares on AIM has therefore today been
suspended. These results will be announced as soon as possible in July when the
agreements referred to in the announcement of 28 June 2002 have been fully
incorporated into the 2001 accounts. As soon as these results are published it
is expected that trading in the Company's shares will recommence.
The Board is pleased to announce that it has appointed an interim finance
director, Mr Robert C Porter, with immediate effect. A statement relating to his
appointment has been issued separately.
Enquiries to:
Emma Kane, Chief Executive Tel: 020 7955 1410
Redleaf Communications Ltd Mob: 07876 338339
Richard Feigen or Jonathan Wright Tel: 020 7648 8700
Seymour Pierce Limited
Notes to Editors
• Global Cricket Corporation Pte Ltd ('GCC') was the 50:50 joint venture
vehicle between News Corp and Worldsport Nimbus (a 50:50 joint venture
between World Sport Group and Nimbus Communications, an Indian media and
sports marketing company). This specially formed company is the owner of the
commercial and media rights to all ICC international cricket events until
mid 2007, including the next two World Cups in 2003 (South Africa) and 2007
(West Indies).
• World Sport Group plc (WSG) listed on AIM on 15 August 2001 following the
reverse takeover of Orchard Furniture plc by the combined businesses of
World Sport Group Limited and Parallel Media Group International Limited.
• The Company offers a full one-stop shop for advertisers and sponsors:
television programming, airtime sales, outdoor marketing opportunities,
Internet services, exposure in print publications and bespoke event
management plus sponsorship in football, cricket, rugby and golf.
• WSG's ownership of media and marketing rights includes the Asian
Professional Golfers' Association (Asian PGA) for 90 years and rights to the
Asian Football Confederation (AFC) events until 2013.
- ends -
This information is provided by RNS
The company news service from the London Stock Exchange
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