Disposal
25 Julho 2007 - 12:41PM
UK Regulatory
RNS Number:8633A
Southampton Leisure Holdings PLC
25 July 2007
Southampton Leisure Holdings plc
("Southampton") or (the "Company")
Disposal of Saints Radio Limited
The Company wishes to announce that it has today disposed of Saints Radio
Limited ("Saints Radio") to Town & Country Broadcasting Limited for nominal
consideration. In addition the Company and its subsidiaries have agreed to waive
inter company loans to Saints Radio of #1.3 million.
Saints Radio is an FM radio station, based in Southampton, which is a medium for
communication between Southampton FC, its fans and the local community. The
Company understands that Saints Radio will continue to fulfil this role. Saints
Radio recorded a loss after taxation of #248,218 from a net liability of
#1,032,332 for the 13 months ended 30 June 2006.
Southampton Leisure Holdings 0845 688 9448
Jim Hone, CEO
Seymour Pierce Limited 020 7107 8000
Keith Harris, Chairman
Richard Feigen, Managing Director
Jonathan Wright, Director
Holborn PR 020 7929 5599
David Bick
This information is provided by RNS
The company news service from the London Stock Exchange
END
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