Result of AGM
September 16 2009 - 6:25AM
UK Regulatory
TIDMSTA
16 September 2009
Stagecoach Theatre Arts plc (AIM: STA)
("Stagecoach" or "the Company")
"Stagecoach Theatre Arts plc operates the UK's largest franchise network of part-
time performing arts schools for children aged between 4 and 18"
Result of AGM
Stagecoach Theatre Arts (AIM: STA) announces that at its Annual General Meeting
("AGM") held today at 10:00a.m, all resolutions were duly passed.
The Chairman, Graham Cole, made the following statement at the meeting:
"This has been another good year for the Stagecoach Group, particularly in light
of the difficult economic climate throughout the year. Network fees increased
by 3.2% to GBP29.4 million (2008: GBP28.5 million) and profit before tax increased
by 2.7% to GBP726,000 (2008: GBP707,000).
I am therefore pleased to report that a dividend of 2 pence per share will be
paid on 25 November 2009 to those shareholders on the register as at 30 October
2009.
In the first quarter of the new financial year, trading has been encouraging,
with GBP4.8 million of network fees recorded, in line with expectations.
For this Autumn Term, in the UK, the Group has contracted to open ten new
Stagecoach schools, a further 18 Early Stages classes (for the 4 to 6 year olds)
and two SportsCoach schools. Overseas, we expect four new schools openings in
Germany, and one new school opening in both the USA and Greece."
One of the resolutions that was passed at the AGM was the Company's authority to
purchase its own shares; and the Company is shortly going to write to its
shareholders that hold up to 5,000 shares with regards an opportunity to sell
their shares to the Company.
-ENDS-
Enquiries:
Stagecoach Theatre Arts Tel: 01932 254 333
Richard Dawson, Finance Director 0777 564 3939
& Investor
Relations
Smith & Williamson Corporate Tel: 020 7131 4000
Finance Limited
Nominated Adviser & Joint Broker
David Jones / Siobhan Sergeant /
Barrie Newton
Daniel Stewart & Company plc Tel: 020 7776 6550
Joint Broker
Paul Shackleton
Peckwater PR Tel: 07879 458 364
Public Relations tarquinedwards@btinternet.com
Tarquin Edwards
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