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FINANCIAL REPORTS AND COMPANY INFORMATION

ANNUAL REPORT AND FINANCIAL STATEMENTS
for the year ended 31 October 2007.
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PRESS [ THE CURRENT FLIGHT STATUS ]


"Let us take you there"

OAK HOLDINGS OFFICIAL PRESS RELEASES

OAK AND SHEFFIELD STEELERS
SIGN MEMORANDUM OF UNDERSTANDING 07/03/08

Oak Holdings plc (“Oak” or “Oak Holdings”), the AIM listed property development and consultancy company, is pleased to announce that it has signed a Memorandum of Understanding (“MoU”) with Sheffield Steelers, one of Britain’s top ice-hockey teams. The MoU covers the collaboration in the development of the Steelers’ own purpose-built arena at Oak’s £350m YES! Project, the leisure based resort, activity and convention destination in South Yorkshire.

Under the terms of the agreement, Sheffield-based Steelers will be the first ice hockey club in the UK to have its own purpose-built arena. Steelers’ management says this will not only be a first in UK ice-hockey but it will benefit the club and its fans.

Steelers’ owner Bob Phillips said “This is a great deal for us, but more importantly, it’s a great deal for our fans and sponsors in delivering a long term sustainable business for the Steelers club. It will help us in our plans to grow our club and in our work to expand interest in ice-hockey throughout Yorkshire.

The Steelers average about 4,300 spectators per home match. Their proposed new base at YES! will cover 60,000 sq ft, hold about 5,000 spectators, and offer its own amenities plus all the others available within YES!, which is forecast to be Europe’s largest covered leisure destination. In addition, YES! will regenerate 327 acres of former coalfield land, creating up to 3,000 new jobs for people across South Yorkshire and beyond.

The Steelers are set to relocate to YES! in 2011.

Steve Lewis, Chief Executive of Oak Holdings, said: “We’re very proud to be associated with the Steelers. This is a significant step forward not just for YES! and the Steelers, but for the sport of ice hockey.

“The road, public transport and infrastructure improvements will make access to the venue very easy. Moreover, we aim to ensure that whilst with us the fans and their families will enjoy an all-round enjoyable experience.”

Rotherham Metropolitan Borough Council has worked closely with Oak Holdings over the past four years. The council’s cabinet has recently approved Heads of Terms, setting out the commercial terms between the Local Authority and Oak for a Development Agreement and terms for a 250 year lease at the YES! Project.

YES! PROJECT APPROVED
DEVELOPMENT HEADS OF TERMS AGREED 12/02/08

Oak Holdings plc (“OAK”), the AIM listed property development and consultancy company, today announces that Rotherham Metropolitan Borough Council (“RMBC”) has approved the Heads of Terms for the Development Agreement and terms for a 250 year lease on its £350 million YES! Project, the leisure based resort, activity and convention destination in South Yorkshire.

This agreement marks a memorable year for Oak in which it has secured planning consent, executed the Section 106 agreement and secured the purchase of a strategic parcel of land (11 Ha) which accommodates the main entrance into the scheme.

YES! will be Europe’s largest covered leisure based development, where Oak plans to create more than 164,000m2 of leisure and entertainment space in the former coalfield site in the Rother Valley. RMBC voted unanimously to accept the Heads of Terms that have been negotiated since planning consent was granted.

Oak is now focusing on completing YES!’s tenant profile and on detailed design and construction procurement.

Oak Chief Executive, Steve Lewis, said: “This places us in an excellent position to deliver this new and innovative scheme. It represents another significant milestone on this major £350 million regeneration project that will help transform the economy of South Yorkshire.”

Roger Stone, Leader of the Rotherham Metropolitan Borough Council, said: “This is a proud day for Rotherham, vindicating our support for this state of the art leisure, entertainment, sports and convention project that will generate permanent employment for up to 3,000 people”.

AGM STATEMENT 24/05/07
At the Annual General Meeting of Oak Holdings plc, the AIM-listed property development and consultancy group, that is developing the 350m YES! Project, a 1.2m sq ft covered fully integrated mixed-use leisure and conference scheme on a 327-acre site in South Yorkshire, which is to be held at 11.00 a.m. today, Malcolm Savage, Chairman, will make the following statement: - more>>

RESULT OF AGM and SHARE CONSOLIDATION 24/05/07
The Company announces that at its Annual General Meeting, held earlier today, all resolutions proposed were duly passed. - more>>

OAK ACQUIRES KEY 27 ACRES ACCESS SITE FOR YES! PROJECT
Oak Holdings Plc (“Oak”), the AIM-listed property development and consultancy group, today announces it has completed the purchase of a key 27-acre site adjoining its groundbreaking £350m leisure, entertainment and convention project in South Yorkshire. - more>>

YES! PROJECT GRANTED PLANNING CONSENT WITH SKANSKA SIGNED AS CONSTRUCTION PARTNER
Oak Holdings plc, the AIM-listed property development and consultancy company today announces that outline planning permission (subject to certain conditions) has been issued for YES!, its £350m leisure, entertainment, sports and convention project in Rotherham. - more>>

MEMORANDUM OF UNDERSTANDING SIGNED WITH BT
Oak Holdings plc has signed a Memorandum of Understanding (‘MOU') with BT, one of the world's leading providers of communications solutions and services, to collaborate on the development of the South Yorkshire mixed-use leisure scheme known as the YES! Project. - more>>

YES! PROJECT IN SOUTH YORKSHIRE - UPDATE 14/06/06
Government Office for Yorkshire and Humber has entrusted the local planning authority of Rotherham Metropolitan Borough Council (‘RMBC') with responsibility for the planning application for the Company's YES! Project. - more>>

 

EXTERNAL MEDIA COVERAGE ON OAK HOLDINGS

DECEMBER 2005

Leisure Opportunities
Supperclub Heads for London (689kb)
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View Archived News

 

YES! Project News
EXTERNAL MEDIA COVERAGE ON YES! PROJECT


YES! covered in various media publications and on the web.
View here >>

 

OTHER NEWS

NEW PR CONSULTANTS
Oak have recently re assigned all public relation affairs to:

Rawlings Financial PR Limited
Croft House Studio
Litton
Skipton
BD23 5QJ

Contact: John Rawlings
Telephone: +44 (0) 1756 770 376
Email: john@rawlingsfinancial.co.uk

CONSULTANCY SERVICES
The crew at Oak are advisors to a major European Investor on four confidential UK schemes in Leeds, Manchester and London.

FUTURE PROJECTS
Future projects negotiations to be advised shortly.

 

 

 
   
 
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