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Springwood transfers to AIM market
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Nightclub and venue bar operator, Springwood, has announced that it intends to transfer trading in its ordinary shares from the Official List to the Alternative Investment Market (AIM) of the London Stock Exchange.
The move, scheduled to take place on 6 June, is to simplify the ongoing administration and reporting requirements of the company, with a consequent reduction in costs. It will also provide Springwood with greater flexibility in completing its rationalisation process. Springwood operates sites under the Zanzibar, Polo Club, Oasis and Cobarna brands. In April it reported results for 2002 showing turnover up 22 per cent but pre-tax profit down 33 per cent. Details: www.springwoodleisure.co.uk
Nightclub and venue bar operator, Springwood, has announced that it intends to transfer trading in its ordinary shares from the Official List to the Alternative Investment Market (AIM) of the London Stock Exchange.
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