Provider of temporary structures for events, Arena Events Group (ARE) is “pleased to announce” a recommended offer of 21p per share, with its Summary including emphasising “a premium of approximately: 48.4 per cent. to the closing price of 14.2 pence… on 19 October… 50.0 per cent to the 14.0 pence per share subscription and placing price completed in April 2021”. Good news for shareholders then?
Provider of temporary structures for events, Arena Events Group (ARE) has announced results for its half-year ended 30th September 2020, including “despite results in all markets being impacted by the widespread prohibition on mass gatherings due to the COVID-19 pandemic, the group was Adjusted EBITDA positive and cash neutral”. Though what’s the detail?...
Provider of temporary structures for events, Arena Events (ARE) “is pleased to announce that the group has secured funding of £15.6m through the Government Coronavirus Large Business Interruption Scheme… this additional funding, coupled with securing non-event revenues such as medical facilities and fixed cost reductions will enable the group to continue to trade through during these extraordinarily difficult times”. The shares though currently remain at 5.6p...
Arena Events Group (ARE) “is pleased to announce that it has conditionally raised £9.5 million (before expenses)… at a price of 10 pence per share… a 71 per cent. premium to the VWAP of an ordinary share for the five business days preceding the date of this announcement”…
Previously writing on events equipment and management services group Arena Events (ARE), I noted I previously warned with the shares around 40p early this year and clear reasons for current concern – including asking a change of financing strategy ahoy?. Now…
“Arena Events Group plc (AIM: ARE), is pleased to announce that it has completed the installation of the largest single temporary hospitality structure ever installed in Japan”. However, it’s an RNS Reach announcement…
A “Trading Update” from “provider of temporary physical structures, seating, ice rinks, furniture and interiors”, Arena Events (ARE) includes in its first paragraph; “The group experienced strong revenue growth across the UK, US and Middle East divisions with the acquisitions contributing as expected”. The shares have though responded to the update… currently more than 30% lower on the day, at around 40p! Hmmm…
