Update
10 Novembre 2005 - 8:01AM
UK Regulatory
RNS Number:9170T
Playgolf (Holdings) PLC
10 November 2005
Playgolf Holdings Plc ("Playgolf")
Update
Playgolf is delighted to announce that its new facility at Northwick Park
officially opened on Monday 7th November. This is a landmark moment for
Playgolf, as this facility is the first of what it is intended will be a number
of urban golf centres that will be built throughout the U.K. over the next few
years. Playgolf has already received planning permission for the next centre in
East Kilbride. Construction of this site is expected to commence in 2006.
The opening is six weeks later than had originally been anticipated, and this
short delay, together with a weaker than expected performance at Playgolf Metro
as stated in the interim statement on 28 September 2005 (measures are being
taken to address this issue), will effect the financial results for the year
ending December 2005. This may be mitigated by the sale of corporate membership
to Northwick Park.
For further information contact:
David Piggins / William Frewen 01926 422 320
Playgolf
Tom Jenkins / Paul Shackleton 020 7776 6550
Daniel Stewart & Company plc
This information is provided by RNS
The company news service from the London Stock Exchange
END
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