Ultimate Sports Group PLC UltimatePlayer Update &Appointment of Joint Broker (2690V)
April 15 2016 - 1:00AM
UK Regulatory
TIDMUSG
RNS Number : 2690V
Ultimate Sports Group PLC
15 April 2016
15 April 2016
Ultimate Sports Group PLC
("USG" or the "Company")
UltimatePlayer Update and Appointment of Joint Broker
Ultimate Sports Group Plc, the AIM listed investment vehicle, is
pleased to provide an update following the launch of the website
for UltimatePlayer.me, its online sports coaching platform,
on 19 November 2015. Since then substantial progress has been
made, key elements being:
-- The website shop has been launched and this now offers
virtual products and branded merchandise;
-- The method for coach registration has been fully tested and
is working efficiently enabling independent coaches to register and
use the system; and
-- The approval process for parents has been fully tested and is working efficiently.
As a consequence, over 65,000 scores have been posted on the
system in the three month period of the launch.
From the launch in November 2015 up to 3 March 2016, the site
has seen a 73% increase in the number of players approved by their
parents, and an 81% increase in the number of players actively
logging into the website. Once a parent has approved access to the
website, 90% of players have logged in, and 64% have logged in
multiple times.
In addition, the Board of USG welcome the proposals contained
within the recent Government Budget which should benefit the
development of UltimatePlayer.me and Sports in Schools Limited, the
Group's subsidiary focused on the delivery of primary school sport.
Amongst other initiatives, the Government proposals provide for a
fund of GBP1.5 billion to be set up and used by schools to provide
additional sports and art extra-curricular activities.
The Board are confident that the number of users of
UltimatePlayer.me will continue to grow during the course of 2016
and beyond, and it confirms that the current trading activities of
USG remain in line with management expectations.
Appointment of Joint Broker
USG is pleased to announce it has appointed Northland Capital
Partners Limited as Joint Broker to the Company with immediate
effect.
-ends-
For further information, please visit www.ultimatesportsgroup.me
or contact:
Ultimate Sports Group PLC
Geoffrey Simmonds, Executive +44 (0)20 7935
Chairman 0823
St Brides (Financial PR)
Elisabeth Cowell and Charlotte +44 (0)20 7236
Heap 1177
Cantor Fizgerald Europe (Nomad
and Joint Broker) +44 (0)20 7894
Marc Milmo / Catherine Leftley 7000
Northland Capital Partners Limited
(Joint Broker)
Matthew Johnson / Stuart Miller +44 (0)20 3861
John Howes / Rob Rees 6625
Dowgate Capital Stockbrokers
Limited (Joint Broker)
Neil Badger / Jason Robertson +44 (0)1293 517744
This information is provided by RNS
The company news service from the London Stock Exchange
END
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