Stagecoach Theatre Arts PLC
19 September 2007
19 September 2007
Stagecoach Theatre Arts plc
('Stagecoach' or 'the Group')
AGM STATEMENT
Stagecoach Theatre Arts plc operates the UK's largest franchise network of
part-time performing arts schools for children aged between 4 and 16.
At the AGM of Stagecoach Theatre Arts plc (AIM: STA), the UK's largest franchise
operator of a network of part-time performing arts schools, being held today at
10.00am, David Sprigg, Joint Managing Director, will make the following
statement:
'This year has been one of continuing growth in our core Stagecoach Theatre Arts
business together with a substantial reduction in our overheads and we were
delighted to announce, in our preliminary announcement, a return to
profitability for the Group.
Post year-end, the Group's programme of cost cutting has continued and I look
forward to seeing the benefits of this action in the current year ahead.
This progress has continued and I am pleased to report that the Group has made a
good start to the current financial year. Further growth in the Stagecoach
Theatre Arts UK network continues, with 9 new Stagecoach schools and 15 Early
Stages classes opened this month. I am pleased to see that demand for private
performing arts tuition continues to grow steadily.'
David Sprigg
Joint Managing Director
19 September 2007
Enquiries:
Stagecoach Theatre Arts plc Tel: 01932 254 333
Richard Dawson, Finance Director and Investor Relations 07775 643 939
Nominated Adviser & Broker: Tel: 020 7131 4000
Smith & Williamson Corporate Finance Limited
Robert Kidson
Siobhan Sergeant
Public Relations: Tel: 020 7034 4758
Adventis Financial PR 07879 458 364
Tarquin Edwards
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