Luminar Group Holdings plc

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You'll find the latest updates here on share price, financial information, general information for shareholders, regulatory releases, company announcements and publications.

The Luminar Group Holdings plc Prospectus for the Capital Reorganisation, Firm Placing and Placing and Open Offer of 39,473,685 New Ordinary Shares and Notice of General Meeting can be found by typing in: www.luminar.co.uk/prospectus

The results of the General Meeting held on 18 August 2009 is available in pdf format here (Opens in new window) (97KB)

Please see key upcoming dates below:

First Interim Management Statement: 13 July 2010
Interim year end: Thursday 26 August 2010

Condensed consolidated financial information for the year ended 25 February 2010

Luminar Group Holdings plc (“Luminar” or “the Group”)

Condensed consolidated financial information for the year ended 25 February 2010
Luminar Group Holdings plc (“Luminar” or “the Group”) is the leading operator of nightclubs in the UK, with 87 clubs as at 25 February 2010 trading predominately under the brands of Oceana and Liquid.

Key Points:

Profit before tax of £4.4m (2009: £20.3m) from continuing operations before exceptional items, in line with market expectations
- Exceptional costs totalling £127.8m, primarily non-cash impairment of specific assets and goodwill
- Statutory loss after discontinued operations, exceptional items (primarily non-cash) and tax of £123.1m (2009:£21.5m)
Sales 9.9% below last year on a same outlet basis across 85 clubs
- 15.4% decline in second half of the year resulting from lower customer admissions
- Average sales per customer of £12.46 (2009: £12.29)
Significant cost reduction programme
- Controllable operating costs reduced by £6m during the year
- Capital investment reduced to £4.2m (2009: £38.1m)
Cash generation and equity issue has significantly reduced net borrowing by 35% to £92.6m
- Continuing to trade within debt covenant tests
Sales for first 10 weeks of current year 19.4% below prior year on a same outlet basis
New CEO appointed 8 March 2010
- Reappraisal of strategy and focus on key actions
- Four clubs sold or closed
- £10m of further cost savings planned for current year

Simon Douglas, Chief Executive, said:

“Luminar has a very good estate and dedicated people. Whilst our marketplace remains challenging, we believe there is a substantial opportunity to leverage Luminar’s many strengths. By focusing on the operational basics and embracing more modern marketing methods, we will engage and entertain our customers and ensure our offer remains relevant. We are confident that this more focused strategy, well executed, will restore value to our shareholders over time.”

13 May 2010

The Full year results presentation for the year ended 25 February 2010 is available in pdf format here (Opens in new window)

The Full year preliminary announcement for the year ended 25 February 2010 is available in pdf format here (Opens in new window)

Interim management statement - January 2010 is available in pdf format here (Opens in new window) (85KB)

You can view our 2009 Interim report in pdf format here (Opens in new window) (711KB)

The interim results presentation for the half year ended 27 August 2009 is available in pdf format here (Opens in new window) (305KB)

The interim announcement for the half year ended 27 August 2009 is available in pdf format here (Opens in new window) (456KB)

Passed Resolutions from the Annual General Meeting of the Company held on 17 July 2009 - is available in pdf format here (Opens in new window) (37KB)

Interim management statement - July 2009 is available in pdf format here (Opens in new window) (67KB)

Interim management statement - January 2009 is available in pdf format here (Opens in new window) (34KB).

Board Committees Terms of Reference

Terms of reference for the Audit Committee - is available in pdf format here (Opens in new window) (65KB)

Terms of reference for the Nomination Committee - is available in pdf format here (Opens in new window) (54KB)

Terms of reference for the Remuneration Committee - is available in pdf format here (Opens in new window) (59KB)

Further Information

Contact & Legal information

© Luminar Group Holdings plc. All rights reserved. Privacy . Accessibility . Legal Statement
Luminar Group Holdings plc Incorporated in England and Wales with registered no 06239034.
Registered Office Luminar House, Deltic Avenue, Milton Keynes, Buckinghamshire, MK13 8LW
t: 01908 544 100, f: 01908 203550
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