Print   

Wednesday 16 September, 2009

Stagecoach Theatre Arts PLC

Result of AGM

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 £29.4 million (2008: £28.5 million) and profit before tax increased
by 2.7% to £726,000 (2008: £707,000).

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 £4.8 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

Investegate takes no responsibility for the accuracy of the information within the site.


The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.



Investegate      © 2012 FE. All rights reserved.