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Update on Blacks Leisure sale process
14 Dec '11
2 min read
As previously announced, the Board of Blacks Leisure Group plc has invited offers to support further investment in the Group, which is most likely to involve a sale of the Company or sale of one or more of the Group's brands.
The Board notes the recent press speculation and confirms that it has received an expression of interest from Sports Direct International plc, amongst a number of others, which may or may not lead to an offer being made for the Company.
The Directors of Blacks Leisure Group plc, whose names are set out above, accept responsibility for the information contained in this document. To the best of the knowledge and belief of such Directors (having taken all reasonable care to ensure that such is the case), the information contained herein is in accordance with the facts and does not omit anything likely to affect the import of such information.
KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulated by the Financial Services Authority for investment business activities, is acting for Blacks Leisure as financial adviser in relation to the formal sale process for Blacks Leisure and is not acting for any other person in relation to such sale .
KPMG Corporate Finance will not be responsible to anyone other than Blacks Leisure for providing the protections afforded to its clients or for providing advice in relation to the contents of this document or any possible offer for Blacks Leisure or arrangement referred to herein.
The Blacks Leisure Group plc is the leading operator in the UK Outdoor market. In early 2008 the company embarked on a turnaround programme under a new management team. Blacks Leisure had entered the recession as a loss-making business and so radical action was required to restore the company under tough trading conditions.
The Board notes the recent press speculation and confirms that it has received an expression of interest from Sports Direct International plc, amongst a number of others, which may or may not lead to an offer being made for the Company.
The Directors of Blacks Leisure Group plc, whose names are set out above, accept responsibility for the information contained in this document. To the best of the knowledge and belief of such Directors (having taken all reasonable care to ensure that such is the case), the information contained herein is in accordance with the facts and does not omit anything likely to affect the import of such information.
KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulated by the Financial Services Authority for investment business activities, is acting for Blacks Leisure as financial adviser in relation to the formal sale process for Blacks Leisure and is not acting for any other person in relation to such sale .
KPMG Corporate Finance will not be responsible to anyone other than Blacks Leisure for providing the protections afforded to its clients or for providing advice in relation to the contents of this document or any possible offer for Blacks Leisure or arrangement referred to herein.
The Blacks Leisure Group plc is the leading operator in the UK Outdoor market. In early 2008 the company embarked on a turnaround programme under a new management team. Blacks Leisure had entered the recession as a loss-making business and so radical action was required to restore the company under tough trading conditions.
Blacks Leisure Group plc
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