Acquisition of two sites

RNS Number : 3844E

Ten Entertainment Group PLC

09 February 2018

 

9 February 2018

Ten Entertainment Group plc

Acquisition of two sites

Ten Entertainment Group ('TEG' or 'the Group'), one of the UK's leading ten-pin bowling companies, today announces that it has acquired two further sites, continuing its acquisition strategy and bringing its estate to 42 sites.

The two sites, located in Chichester and Warrington, are geographically complementary to the existing estate and are existing ten-pin operations set within leisure parks.

TEG has a proven track record of integrating acquisitions through its 'Tenpinisation' strategy to allow a planned re-development of acquired sites, bringing the operations, systems and technology and customer experience, up to the high standards of the Company's wider estate. Both sites will benefit from significant further investment in the coming months.

Alan Hand, Chief Executive Officer commented:

"We are very pleased to have secured these two well-located sites at an early stage in the year. Integration into the Group through our 'Tenpinisation' process will enable both of these sites to contribute to the Group's performance this year."

Nick Basing, Chairman commented:

"These two new deals point to further evidence of the Group's growing ability to acquire high quality locations, taking the total number of sites acquired so far to 14 since 2014."

Enquiries:

Ten Entertainment Group plc                                                 via Instinctif partners

Alan Hand         Chief Executive Officer

Mark Willis        Chief Financial Officer

Instinctif Partners                                                                    Tel: [phone]

Matthew Smallwood

Tom Berger

 

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