Disposal
April 20 2010 - 1:00AM
UK Regulatory
TIDMSCEL
RNS Number : 4325K
Sceptre Leisure PLC
20 April 2010
Sceptre Leisure plc
("Sceptre" or the "Company" or "the Group")
Sale of Fixed Odds Betting Terminal Rental Business
The Company is pleased to announce that on 19th April 2010 it sold its Fixed
Odds Betting Terminal (FOBT) rental business to Global Draw Limited for a total
cash consideration of GBP3.75m. The FOBT rental business comprises 751
terminals and associated customer contracts, with a net book value of GBP2.8m.
The full amount of the consideration was paid in cash on completion, and
generated a one-off profit on disposal of GBP0.9m, which will be recognised in
the Group's 2010 annual results. The profit before tax attributable to the
assets being sold was GBP0.3m over the past twelve months.
Sceptre's current trading continues in line with the board's expectations.
Ken Turner, Chief Executive of Sceptre Leisure, commented: "This sale of a
non-core part of our business is at a significant profit. Its disposal frees up
considerable capital and resources across the business to focus on the rollout
of machines to our traditional markets in pubs and other leisure outlets where
we continue to see strong demand."
20 April 2010
+---------------------+--------------------+
| Sceptre Leisure Plc | +44 (0) 1772 |
| | 694242 |
+---------------------+--------------------+
| Ken Turner | |
+---------------------+--------------------+
| Guy van Zwanenberg | |
+---------------------+--------------------+
| | |
+---------------------+--------------------+
| | |
+---------------------+--------------------+
| Seymour Pierce | + 44 (0) 207 107 |
| Limited | 8000 |
+---------------------+--------------------+
| Jeremy Porter | |
+---------------------+--------------------+
| | |
+---------------------+--------------------+
| | |
+---------------------+--------------------+
| College Hill | +44 (0) 207 457 |
| | 2020 |
+---------------------+--------------------+
| Matthew Smallwood | |
+---------------------+--------------------+
| Justine Warren | |
+---------------------+--------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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