25 August, 2006 - 16:13 By Staff Reporter

Top Ten acquires Lance Leisure

Herts-based Top Ten Holdings, the UK’s third largest bingo operator, has acquired Lance Leisure (Mexborough) Ltd which operates a freehold bingo club in Mexborough, South Yorkshire, for £1.05 million.The consideration for the acquisition has been satisfied by an £844,118 cash payment and the issue and allotment of 181,138 new ordinary shares of 20p each in Top Ten Holdings.

The acquired club is situated close to Top Ten’s existing freehold club in Mexborough.

After completing minor works to the acquired club, Top Ten will combine the businesses and intends to sell its existing club.

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