AGM Statement
22 Janvier 2004 - 8:00AM
UK Regulatory
RNS Number:5088U
Enterprise Inns PLC
22 January 2004
AGM Statement
At the AGM to be held today at 11.00am, Hubert Reid, Chairman of Enterprise Inns
plc ("Enterprise" or the "Company") will make the following comments with regard
to trading since the start of the financial year 1 October 2003:
"Our business has continued to perform strongly in the first quarter with both
operating profit and profit before tax in line with our expectations. Trading in
our pubs was buoyant over the Christmas and New Year holiday period, evidenced
by strong sales both in the run up to Christmas and during the January
re-stocking period.
Unique also performed well and subject to any unforeseen circumstances, it
remains the intention of the Board to exercise Enterprise's call option, to
acquire the balance of the equity in Unique that Enterprise does not already
own, prior to the end of March 2004. We anticipate funding the exercise, which
is at a price of #609 million, entirely through debt and expect to be writing to
shareholders in due course to seek approval for this transaction."
Enquiries before 8.30am to:
Deborah Walter 0207 554 1420
Gavin Anderson
Enquiries after 8.30am to:
Ted Tuppen, Chief Executive 0121 256 3050
David George, Finance Director 0121 256 3040
Enterprise Inns plc
This information is provided by RNS
The company news service from the London Stock Exchange
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