16 September 2009
Stagecoach Theatre Arts plc (AIM: STA)
("Stagecoach" or "the Company")
"Stagecoach Theatre Arts plc operates the UK's largest franchise network of part-
time performing arts schools for children aged between 4 and 18"
Result of AGM
Stagecoach Theatre Arts (AIM: STA) announces that at its Annual General Meeting
("AGM") held today at 10:00a.m, all resolutions were duly passed.
The Chairman, Graham Cole, made the following statement at the meeting:
"This has been another good year for the Stagecoach Group, particularly in light
of the difficult economic climate throughout the year. Network fees increased
by 3.2% to £29.4 million (2008: £28.5 million) and profit before tax increased
by 2.7% to £726,000 (2008: £707,000).
I am therefore pleased to report that a dividend of 2 pence per share will be
paid on 25 November 2009 to those shareholders on the register as at 30 October
2009.
In the first quarter of the new financial year, trading has been encouraging,
with £4.8 million of network fees recorded, in line with expectations.
For this Autumn Term, in the UK, the Group has contracted to open ten new
Stagecoach schools, a further 18 Early Stages classes (for the 4 to 6 year olds)
and two SportsCoach schools. Overseas, we expect four new schools openings in
Germany, and one new school opening in both the USA and Greece."
One of the resolutions that was passed at the AGM was the Company's authority to
purchase its own shares; and the Company is shortly going to write to its
shareholders that hold up to 5,000 shares with regards an opportunity to sell
their shares to the Company.
-ENDS-
Enquiries:
Stagecoach Theatre Arts Tel: 01932 254 333
Richard Dawson, Finance Director 0777 564 3939
& Investor
Relations
Smith & Williamson Corporate Tel: 020 7131 4000
Finance Limited
Nominated Adviser & Joint Broker
David Jones / Siobhan Sergeant /
Barrie Newton
Daniel Stewart & Company plc Tel: 020 7776 6550
Joint Broker
Paul Shackleton
Peckwater PR Tel: 07879 458 364
Public Relations tarquinedwards@btinternet.com
Tarquin Edwards
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.