Pre-close Statement
March 15 2007 - 3:02AM
UK Regulatory
RNS Number:9886S
Luminar PLC
15 March 2007
Luminar Plc
Pre-close Statement
Luminar Plc (the "Company"), the largest night club operator in the UK, is
pleased to report, that its strategy for the creation of a high quality branded
destination venue business remains on track and the trading performance for the
year ended 1 March 2007 is in line with the Board's expectations.
In January, the Company reported that the second half of 2006 had seen a
positive trading performance. Branded Dancing has continued its strong
performance into the New Year. The Company is pleased with the newly opened
clubs whose performance has been encouraging. Gross margins have continued the
upward trend experienced throughout the financial year.
During the last financial year the Company purchased 3,365,545 shares as part of
its commitment to return excess capital to shareholders. This represents 4.6%
of the issued share capital and #23 million in value. This programme remains on
schedule and the Company will continue to buy back shares.
The Company's 2007/8 opening programme and preparations for the forthcoming
Smoking Ban in both Wales and England are proceeding to plan.
The Company will report its preliminary results for the year ended 1 March in
May 2007.
15th March 2007
Enquiries:
Luminar Plc
Stephen Thomas, Chief Executive 01908 544100
Nick Beighton, Finance Director
College Hill
Matthew Smallwood 0207 457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
END
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