AGM Statement
27 November 2003 - 1:18PM
UK Regulatory
RNS Number:5717S
LA Fitness PLC
27 November 2003
LA Fitness plc (the 'Company')
Result of Annual General Meeting
The Company held its Annual General Meeting ('AGM') earlier today. All
resolutions proposed to shareholders at the AGM were duly passed.
At the AGM, the Chairman, Peter Jacobs made the following statement.
"I am pleased to confirm that, since our preliminary results announcement on 8
October 2003, our trading performance is meeting our expectations, reflecting
not only the benefits of actions taken in the previous financial year but also
the current business environment. Our performance in the current year has
resulted in a further strengthening of our financial position.
"At present, we have commitments to open a further four clubs during the next 12
months and, against an encouraging trading outlook, we continue to assess the
appropriate rate of new club openings for the financial year commencing in
August 2004.
"Focus on health issues is becoming an increasing feature in society generally.
The Group is well positioned to benefit from any increase in demand which may
result from this and from the Government's programme tackling the obesity
epidemic by encouraging people to become physically active. With the proven
strength of the LA Fitness business model and the standing of its brand in the
market-place, the Board is confident of the Group's potential for continuing
profitable growth."
Enquiries:
LA Fitness plc
Fred Turok, Chief Executive 0207 366 8080
Richard Taylor, Finance Director 0207 366 8080
Carolynne Bull-Edwards, Investor Relations 07973 480736
This information is provided by RNS
The company news service from the London Stock Exchange
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