Circular Documents

30 Sep 2015

2015 Interim Announcement

The interim announcement for  Newbury Racecourse for the six months ended 30 June 2015.

Download Report

15 Jul 2015

Planning application submitted for Racecourse redevelopment

Racecourse refurb Aerial Location A_rev D

Newbury Racecourse plc (the “Company”), the racing, entertainment and events business, today announces that it has submitted detailed planning proposals for the racecourse redevelopment work that forms part of the major ongoing development project across the whole site.

As reported at the Company’s recent Annual General Meeting, the residential development on site continues to make very good progress, with most of the Western Area construction now complete and more than 200 homes occupied. The next phase of residential development in the Central Area, which will see the construction of 360 apartments, is due to commence later this year. The new access bridge from the north of the site is well advanced and is expected to be open in time for the three day bet365 Festival, featuring the Hennessy Gold Cup, in late November.

Significant progress has also been made on the racecourse infrastructure improvements, funded by David Wilson Homes as part of the land sale agreement. The new main public car park at the Eastern end of the racecourse is virtually complete and the new nursery and stable staff hostel buildings are due for completion at the end of this month, with the new Estate Yard already opened.

The Board has completed a detailed review of a number of potential improvements to the racecourse infrastructure, to be paid for by the Company, with the intention of refreshing certain key facilities for racegoers and other stakeholders to re-enforce the Company’s position as one of the UK’s leading racecourse and events venues. These works are focused on enhancing the racing experience at the same time as generating improved financial returns for the business in the long term.

These proposed racecourse infrastructure development works (“Infrastructure Enhancements”), which are estimated to have a total cost in the region of £20.0 million (and would be paid for by the Company), include:

Phase One

• A new west entrance and Horseman’s Club facility, with a bar for owners and trainers and a dining area and patio, which will double as a new events venue on non-racedays;
• Two new entrances to create a more attractive and customer-friendly arrival experience;
• A new, more modern administration office immediately above the Horseman’s Club;
• A new pre-parade ring with new saddling boxes adjacent;
• An expansion of the existing parade ring to include a completely new winners enclosure within the parade ring, enhanced viewing for the public and improved facilities for television broadcasters;
• Repositioned pavilion suites on the site of the existing saddling boxes;
• Landscaping around the grandstands;

Phase Two

• Refurbishment of the Berkshire Stand and Pall Mall building to provide improved facilities for both racing and conference customers

Subject to planning consent being granted, Phase One of the Infrastructure Enhancements (with an estimated cost of £13.5 million) would commence in January 2016 and be completed over a two year period.

The total proposed Infrastructure Enhancements outlined above, at an estimated total cost of £20.0 million, if fully undertaken by the Company, are more extensive than the previously proposed Racecourse Refurbishment Works as set out in the circular to shareholders dated 29 October 2012 (then estimated to cost £12.0 million). The Board considers that the revised programme of works will provide improved prospects for growth in the underlying profitability of the core business activities and are therefore in the best long term interests of shareholders. At this time the Board has committed to progress Phase One of the Infrastructure Enhancements only, at an estimated cost of £13.5 million.

It is the Board’s intention to review the timing of Phase Two of the Infrastructure Enhancements (which have an estimated cost of £6.5 million) in 2018, when there will be greater visibility of the likely financial returns from the residential developments.

It remains the Board’s intention to return capital to shareholders, as and when the residential developments at the racecourse generate cash receipts for the Company in excess of its expected required capital funding for the infrastructure improvements that are now planned and the company’s operating finance requirements. Given this, it is now not anticipated any such distribution would be before 2018 at the earliest.

Note: Outline planning permission for a 120 bedroom 4 star hotel remains in place from the originally approved application in 2010, but there are no immediate plans to commence work on this part of the project.

23 Apr 2015

Preliminary Results 2014

Newbury Racecourse plc, the racing, entertainment and events business, today announces its preliminary results for the twelve months ended 31 December 2014.

Download Report

9 Apr 2014

2013 Annual Report

The Financial Statement for year ended 31 December 2013 is available to download at the link below.

Download Report

Regulatory News

6 Jun 2016

Director’s Dealings

The Company has been notified that following the purchase of 5,000 Ordinary shares of 10p each in the Company (‘Shares’) on 15 June 2016 at a price of GBP 5.10 per Share, Dominic J Burke, a non-executive Director of the Company, has a resultant interest in 36,000 Shares representing approximately 1.1 per cent of the Company’s issued share capital.

12 May 2016

Directors’ Dealings

The Company has been notified that following the purchase of 8,000 Ordinary shares of 10p each in the Company (‘Shares’) on 11 May 2016 at a price of GBP 5.25 per Share, Dominic J Burke, a non-executive Director of the Company, has a resultant interest in 31,000 Shares representing approximately 0.93 per cent of the Company’s issued share capital.

DOWNLOAD PDF

30 Sep 2015

2015 Interim Announcement

The interim announcement for  Newbury Racecourse for the six months ended 30 June 2015.

Download Report

27 Feb 2014

Board Change

The Board of Newbury Racecourse PLC today announces that Sarah Hordern has resigned as a Director from the Board with immediate effect. She held the position of Joint Managing Director for six years and prior to that was Finance Director of the Company for five years.The Board is pleased to announce the appointment of Claire Spencer as Finance Director. Claire was previously Group Financial Controller at the Racecourse and has worked at for the Company for three years. She takes up the role with immediate effect.Sarah will conduct a handover period of current duties as well as acting as a consultant to the Racecourse property redevelopment division until 11 April 2014.

Chairman Dominic Burke commented:

“On behalf of the Board, we would like to thank Sarah for her significant contribution to the Racecourse over the past 15 years. We are extremely grateful for the key role she has played in ensuring the successful management of the Company, especially its vital property redevelopment and recent resolving of the shareholder base, which ensure its long term future. We wish her every success for the future. We welcome Claire to the Board and look forward to continuing to work with her during this important period for the Racecourse.”
For further information, please contact:
Hudson Sandler
Tel: 020 7796 4133
Michael Sandler/ Charlie Jack/ Katie Matthews

27 Dec 2013

Board Change

Further to the announcement made on 13 December 2013, Stephen Higgins has resigned as a Director and from The Board of NewburyRacecourse PLC with immediate effect.

Stephen has been with Newbury since 2006 and Director since June 2008.

Chairman Dominic Burke commented:

“On behalf of the Board, we would like to thank Stephen for his immense contribution to the Racecourse and its success and development over many years. We wish him every success for the future.”

For further information, please contact:

Hudson Sandler                                        Tel: 020 7796 4133
Michael Sandler/Charlie Jack/Katie Matthews

18 Dec 2013

Appointment of Chief Executive

The Board of Newbury Racecourse PLC is pleased to announce the appointment of Julian Thick as Chief Executive with effect from 16 December 2013.

Over the last 20 years Julian Thick, 43 has held a number of senior roles in the racing industry having been Managing Director of Aintree, Sandown and Kempton Park racecourses as well as a board member of Jockey Club Racecourses.

As previously announced, the role of Chief Executive is a new role. It has been created as the Board felt it is a necessary position as the Company moves to the next stage of implementing its strategy. The appointment of Julian Thick was taken after an extensive selection process managed by an independent executive search firm. There will be a planned handover of responsibilities to ensure the on-going smooth running of the Company.

Chairman Dominic Burke commented:

“We are delighted to welcome Julian to Newbury Racecourse. His significant racing and commercial experience will help take the business to the next stage of its development as a year round racing, entertainment and events business and we look forward to working with him. I, and my fellow board members, extend our sincere thanks and appreciation to the Company’s former Joint Managing Directors, Stephen Higgins and Sarah Hordern, for their considerable contribution to the success and development of the Company over many years”.

For further information, please contact:
Hudson Sandler

Tel: 020 7796 4133

Michael Sandler/Charlie Jack/Katie Matthews

2 Apr 2013

Preliminary Announcement 2012

Newbury Racecourse plc has announced its preliminary results for the year ending 31 December 2012.

Click below to download the preliminary announcement 2012

Download PDF

15 Nov 2012

Announcement regarding Result of GM and Share Buy-Back

Download PDF

30 Oct 2012

Announcement of publication of the Circular

Download PDF

29 Oct 2012

Announcement of proposed share buy-back

Download PDF

19 Sep 2012

Newbury Racecourse PLC Development Agreement with David Wilson Homes

Download PDF

10 Apr 2012

Annual Report and Accounts & Notice of AGM

Download PDF

30 Mar 2012

Newbury Racecourse PLC announce 2011 Preliminary Results

Download PDF

Financial Reports

4 May 2016

2015 Preliminary Results

DOWNLOAD REPORT

9 Apr 2014

2013 Annual Report

The Financial Statement for year ended 31 December 2013 is available to download at the link below.

Download Report

2 Apr 2013

2012 Annual Report

The Financial Statement for year ended 31 December 2012 is available to download at the link below.

Download Report

15 Feb 2011

2011 Annual Report

The Financial Statement for year ended 31 December 2011 is available to download at the link below.

Download PDF

15 Feb 2010

2010 Annual Report

The Financial Statement for year ended 31 December 2010 is available to download at the link below.

Download PDF

15 Feb 2009

2009 Annual Report

The Financial Statement for year ended 31 December 2009 is available to download at the link below.

Download PDF
page-info-shareholders-reports-v2.php