Inactive Instrument

Goals Soccer Centres plc

Equities

GB00B0486M37

Goals Soccer Centres : Response to Sports Direct International plc

June 19, 2019 at 08:14 am

Goals Soccer Centres PLC

('Goals' or the 'Company')

Response to Sports Direct International plc

The Company received a letter on 14 June 2019 from Sports Direct International plc ('Sports Direct'), a substantial shareholder in the Company.

The Company responded directly to Sports Direct on the matters raised in their letter on 18 June 2019.

As previously announced, the Company has engaged forensic accountants to analyse historical accounting errors and policies. The Company has also appointed other independent advisors to assist it in examining its historic treatment of VAT as well as its ongoing discussions with HMRC. Finally, as announced on 18 June 2019, the Company is in the process of engaging Deloitte LLP to work alongside its current advisors and its lenders in assessing its future corporate options. The Board believes that it does not need to appoint further advisors at this time.

The Company is committed to making announcements for all shareholders in due course as the results of its investigation become known.

19 June 2019

Enquiries

Goals Soccer Centres plc

Michael Bolingbroke, Chairman

Andy Anson, Chief Executive Officer

01355 234 800

Canaccord Genuity Limited(Nominated Adviser and Broker)

Chris Connors

Bobbie Hilliam

Richard Andrews

020 7523 8350

Instinctif Partners

Matthew Smallwood

Andy Low

020 7457 2020

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Goals Soccer Centres plc published this content on 19 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 June 2019 12:13:01 UTC

Latest news about Goals Soccer Centres plc

Barry and Ian McDermott completed the acquisition of an unknown stake in Goals Soccer Centres plc from Inflexion Private Equity Partners LLP.	22-06-29	CI
Barry and Ian McDermott agreed to acquire unknown stake in Goals Soccer Centres plc Inflexion Private Equity Partners LLP.	22-05-30	CI
Inflexion Enterprise Fund IV managed by Inflexion Private Equity Partners LLP and SoccerWorld completed the acquisition of all assets of Goals Soccer Centres PLC.	19-10-31	CI
Inflexion Enterprise Fund IV managed by Inflexion Private Equity Partners LLP and SoccerWorld agreed to acquire All Assets of Goals Soccer Centres PLC.	19-10-30	CI
Sports Direct International : drops bid for Goals Soccer after 'limited' support from Goals' board	19-10-21	RE
Sports Direct Cancels Intention To Bid for Goals Soccer	19-10-21	CI
Terra Firma Capital Reportedly Eyes Bid for Goals Soccer Centres	19-10-04	CI
Sports Direct Bids to Buy Troubled Goals Soccer Centres	19-09-24	CI
Goals Soccer Centres : Sports Direct makes cash offer for Goals Soccer Centres	19-09-23	RE
Goals Soccer Centres : invite takeover bids after accounting probe	19-08-29	RE
Goals Soccer Centres Seeks Bids For Business, Assets	19-08-29	CI
Goals Soccer Centres : Watchdog launches probe into alleged fraud at UK's Goals Soccer - Sunday Times	19-08-10	RE
Goals Soccer Centres : to de-list as accounts probe finds 'improper behaviour'	19-08-02	RE
Goals Soccer Centres : to disclose decade-long accounting scandal - Sky News	19-08-01	RE
Goals Soccer Centres : reports higher UK sales	19-06-28	RE
Goals Soccer Centres : Sports Direct to vote for removal of all board members of Goals Soccer Centres	19-06-21	RE
Walt Disney : Mike Ashley-backed Goals Soccer Centres suspends shares	19-03-27	RE
FTSE : Bookie GVC, global growth concerns spur bets against FTSE 100	19-03-08	RE
Goals Soccer Centres plc Appoints Alan Hand as A Non-Executive Director with Effect from 1 February 2019	19-01-25	CI
Goals Soccer Centres plc Appoints Stephen Kirkpatrick as Senior Independent Director and Chair the Audit Committee, Effective February 1, 2019	19-01-23	CI
Goals Soccer Centres plc Appoints Martin Johnson as Interim Chief Financial Officer	19-01-15	CI
Goals Soccer Centres plc Reports Trading Results for the Financial Year Ending 31 December 2018	19-01-14	CI
Goals Soccer Centres plc Opens Fourth US Soccer Centre in Covina, Los Angeles	18-12-13	CI
Goals Soccer Centres plc Announces Management Changes	18-12-03	CI
Goals Soccer Centres plc Announces Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2018	18-09-12	CI

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Company Profile

Goals Soccer Centres plc is a United Kingdom-based company engaged in the operation of outdoor soccer centers. The Company operates in the United Kingdom and United States, and operates in the operation of soccer centers segment. The Company offers 5-a-side soccer centers across approximately 50 centers in the United Kingdom and one in Los Angeles, the United States. The Company's centers are in locations, including Aberdeen, Beckenham North, Beckenham South, Chingford , Coventry, Sheffield, Norwich, Sunderland, Teeside, Bexleyheath, Birmingham (Perry Barr), Birmingham (Star City), Black Country (Wolverhampton), Kingston (Tolworth), Bradford, Bristol North, Bristol South, Glasgow South, Wimbledon, Plymouth and Heathrow, among others. The Company's subsidiary includes Goals Soccer Centres Inc, which is engaged in the trading business.

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