OAH Oak Hldgs

 

TIDMOAH 
 
RNS Number : 5503B 
Oak Holdings PLC 
29 October 2009 
 

 
 
Oak Holdings plc 
 
 
Current Trading & News Update 
 
The Board of Oak Holdings plc is pleased to announce that it has made 
considerable operational progress in its trading and is taking the opportunity 
to update all shareholders of this in anticipation of making a number of 
presentations to potential investors over the coming weeks regarding a potential 
placing of new ordinary shares of 5p each to raise up to GBP1.5 million . 
 
Since acquiring a lease on the Rother Valley Country Park ("RVCP") on 8th May 
2009, trading income has been healthy, showing a year-on-year increase in income 
in the 5 months ended 8th October 2009 of 21.5%. This has been achieved by a 
combination of the smooth assimilation of the business and the establishment of 
new attractions, along with the enthusiasm of the park's management and 
operational staff. A programme of investment has commenced which includes a new 
7 ¼" miniature gauge steam railway and both land and water zorbs. 
 
Oak Holdings plc, by virtue of the RVCP transaction and with the conditional 
acquisition of Ringwood Town & Country Experience to be completed following a 
successful completion of the placing, is repositioning itself as a sustainable, 
leisure based business with substantial development interests. The Board expects 
that the Group will be profitable in 2010. 
 
 
Commenting on the excellent progress, Chief Executive Steve Lewis said "The 
integration of RVCP has been exceptionally smooth and builds on the excellent 
relationship we have forged with Rotherham Metropolitan Borough Council ("RMBC") 
over the years.  The response of the RVCP staff during the transition has been 
most heartening and professional. A structured expansion of facilities in the 
Park, which should significantly increase visitor numbers, has been agreed with 
RMBC which will bring lasting benefits to the people of Rotherham, South 
Yorkshire, and beyond. The introduction of the miniature gauge railway has 
already generated interest from as far afield as the US." 
 
RVCP is part of South Yorkshire's offer to be a training camp for the 2012 
Olympics and features in the Official Olympics Guide. It is also an established 
venue for National championships and, since 8th May 2009, RVCP has hosted: 
British Disabled Triathalon Championship 
National Open Water Championship 
Northern Hovercraft Championship 
Winter leg of the British Jet-Ski Championship 
Scout Splashdown Regatta : Regional Camp 
 
RVCP is embarking on an exciting and diverse programme of events and 
competitions for the coming year, commencing with a Halloween themed firework 
spectacular and a novel Christmas experience. The ethos of RVCP is to develop 
the park as part of the overall YES! concept and wider land holding. The 
progress Oak has made means that it is now well placed to take advantage of 
improving economic conditions. 
 
 
Contact details: 
 
 
Oak Holdings plc  Tel: 020 7493 5522 
Stephen Lewis, Chief Executive Officer 
Mike Williams, Director 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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