February 05, 2012
 
Press  

 
SUBSCRIBE TO NEWS UPDATES
ON OAK HOLDINGS PLC
 
 
 
Name
 
E-mail address
 
 

 

FINANCIAL REPORTS AND COMPANY INFORMATION





Adobe Acrobat is needed to view .pdf documents   Download Adobe Acrobat

 


 
PRESS [ THE CURRENT FLIGHT STATUS ]


"Let us take you there"

OAK HOLDINGS OFFICIAL PRESS RELEASES

LEASE OF ROTHER VALLEY COUNTRY PARK SIGNED

ACQUISITION OF RINGWOOD TOWN & COUNTRY EXPERIENCE

NEW CONSULTANCY CONTRACT

SIGNIFICANT PROGRESS ON FUNDING DISCUSSIONS 11/05/2009

Oak Holdings plc (“Oak” or the “Company”), the AIM listed property development and consultancy group, is pleased to announce that on 7th May 2009 it executed an Agreement with Rotherham Metropolitan Borough for a 7 year Head Leasehold interest in the Rother Valley Country Park (“The Park”). Oak will take over the operation and management of the Park, with a clear strategy to improve and enhance the existing facilities whilst also embarking on a programme of progressively introducing new attractions to widen the appeal of this existing significant destination which currently attracts over 800,000 visitors per annum.

Acquisition of Ringwood Town & Country Experience

After lengthy negotiations, Oak is pleased to announce that conditional acquisition terms for the acquisition of the Ringwood Town & Country Experience Ltd ["RTCE"] have been agreed with its owner proprietors. RTCE is a museum packed with thousands of items of eclectic memorabilia including a rare Hispano Suiza motor car, and one of only two original "Dam Buster" bouncing bombs. RTCE also operates a growing restaurant and private function business. The agreed cost of the RTCE acquisition is £700,000, equal to the estimated value of the asstes being acquired. The purchase will comprise £85,000 paid in cash, £435,000 settled in new shares of Oak at the price of the forthcoming proposed placing and £180,000 in the form of existing indebtedness. Steve Lewis said, "This acquisition demonstrates Oak's intent to develop revenue earning opportunities. The skill sets of the management will also be valuable to Oak in delivering our planned improvements to the Rother Valley Country Park".

New Consultancy Contract

The Company has also announced that it has executed an Agreement to advise a private land owner in the North of England to provide strategic advice and direct all activities on a major, 130 acre tract of development land. Oak has secured a carried equity interest at a prescribed rate in the eventual development gain.

Steve Lewis commented; “In the current economic climate, the recognised property and financial talents of Oak are increasingly pertinent and valuable. The award of this consultancy contract reflects Oak’s growing reputation as a creator of viable solutions for challenging sites.

Significant Progress on Funding Discussions

Oak wishes to confirm that it is in advanced discussions with several parties who have expressed serious interest in investing in Oak. Graham Axford, Director of Oak said "Several potential investors and also several existing shareholders have witnessed our determined progress over the years and are in serious discussions to invest. Each recognises the skills of the management team and the potential value that we have produced for our shareholders and for our partner, Rotherham Metropolitan Borough Council, as well as the sustainable social and employment value that we shall create for the local area by delivering our inclusive scheme in South Yorkshire". Oak expects to conclude these serious discussions within the following weeks.

 

 

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>>

 

EXTERNAL MEDIA COVERAGE ON OAK HOLDINGS

SEPTEMBER 2010

Financial Times
Oak's £350m leisure park plan takes root (4.03mb)
Read More>>

View Archived News

 


 

OTHER NEWS

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

Rawlings Financial PR Limited
2, Howsham
York
YO60 7PH

Tel: +44 (0) 1653 618016
Fax: +44 (0) 1653 618035
Web: www.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.

 

 

 
   
 
OAKHOLDINGS PLC
LONDON
Copyright OakHoldings plc