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«Regulatory notifications, announcements and circulars 2007 Heavitree Brewery PLC Trood Lane Matford Exeter Devon EX2 8YP Tel: 01392 217733 Fax: 01392 ...»

Regulatory notifications, announcements and circulars 2007

Heavitree Brewery PLC

Trood Lane

Matford

Exeter

Devon

EX2 8YP

Tel: 01392 217733

Fax: 01392 229939

Date: 22 January 2007

Notice of Results

A Board Meeting for the Heavitree Brewery PLC will be held on Monday 12

February 2007, following which, the Results and Dividend for the year ended 31

October 2006, will be announced.

Ends

Contact: Mr G.J.Crocker – Finance Director and Company Secretary

Mr R.J.Glanville – Director Date: 12 February 2007 Following a Board Meeting held today, 12 February 2007, the Directors announce the preliminary results for the year ended 31 October 2006.

Chairman’s statement

Introduction:

The rules governing the preparation and presentation of the accounts have changed again. As a result, most of the information which I cover is now also carried in the ‘expanded’ Directors’ Report which will appear in the Report & Accounts, when published. It goes without saying that the new arrangements will be more expensive and time-consuming than the old. This applies equally to our Auditors and any extra costs incurred by them will have to be passed on to us. I find it difficult to see any benefit coming from all of this.

Results:

Group profit on ordinary activities before tax was £2,201,000 (2005: £1,298,000 as restated). A significant improvement but this year’s figure does include £842,000 profit from the sale of our holding in George Gale and Company Limited.

Turnover increased by £521,000 to £13,412,000.

Dividends:

The Directors recommend a final dividend of 7p per Ordinary and ‘A’ Limited Voting Ordinary Share, an increase of 1p on top of the increase of ½p which was paid on the interim dividend, making a total of 11p per share (2005: 9.5p) for the year. This reflects the satisfactory trading position of the Company. The dividend will be paid, subject to shareholder approval, on 10 April 2007 to shareholders on the Register at 23 February 2007.

Borrowing:

The change in our borrowing capacity which was proposed at last year’s Annual General Meeting was duly approved.

Heavitree Inns:

This has been the first year under the new, no rent, regime; as reported in my Statement last year. A pre-tax profit of £522,000 (2005: loss £11,000) was achieved.

This will be the benchmark for future years.

The notional improvement of £533,000 is, in fact, a real improvement of £130,000 if a like-for-like comparison is drawn. A truly excellent performance on which Terry Wheatley and his team are to be congratulated.

Heavitree Incorporated (USA):

There has been no significant change. The usual costs and fees produced a pre-tax loss of £6,000 (2005: loss £6,000).

At the time of writing, negotiations are in an advanced state for the sale of a small piece of our remaining land near Houston.

Properties:

The cost of maintaining our properties has fallen by £235,000. This is due to the strict financial controls devised by Rodney Glanville and to improved quality control and use of time by our newly-appointed buildings supervisor Michael Jordan.

Personnel:

Once again I draw attention to the excellent service which the Company has enjoyed from its employees in both administration and retail. My thanks go to all of them and also to our tenants and their families.

W P Tucker Chairman 12 February 2007 Group profit and loss account for the year ended 31 October 2006

–  –  –

Notes to the preliminary announcement 1 Financial information These figures do not constitute full accounts within the meaning of Section 240 of the Companies Act 1985. They have been extracted from the statutory financial statements for the year ended 31 October 2006, on which the auditors have issued an unqualified audit report. The statutory financial statements have not yet been delivered to the Registrar of Companies.

Comparative figures for the year ended 31 October 2005, set out within this announcement, have been extracted from the Group’s statutory consolidated financial statements for that period, as filed with the Registrar of Companies and on which the auditors gave an unqualified audit report.

2 Prior year adjustment

The accounting policies are consistent with the previous year except for the adoption of FRS 21 ‘Events after the balance sheet date’, FRS 22 ‘Earnings Per Share’ and FRS 25 ‘Financial Instruments Disclosure and Presentation’. FRS 21 and FRS 25 have required a change to the accounting treatment for dividends and preference shares, respectively. Prior year results have been restated accordingly. The implementation of FRS 22 has had no impact on the reported results.

(a) Group profit and loss account

–  –  –

The implementation of FRS 25 has resulted in preference share dividends being reclassified from dividends to interest payable.

(b) Group balance sheet

–  –  –

The implementation of FRS 21 has resulted in proposed dividends being recognised on paid rather than accrued basis.





The implementation of FRS25 has resulted in the Preference Shares being reclassified from equity to debt.

3 Dividends

–  –  –

Proposed for approval at AGM (not recognised as a liability at 31 October) Equity dividends on Ordinary and ‘A’ Limited Voting Ordinary Shares Final dividend for 2006 – 7p (2005 – 6p) 4 Basic and diluted earnings per share The calculation of basic earnings per ordinary share is based on earnings of £1,817,000 (2005 restated - £990,000), being profit after taxation for the year, on 5,323,113 (2005 - 5,369,929) shares, being the weighted average number of Ordinary and ‘A’ Limited Voting Ordinary Shares in issue during the year after excluding the shares owned by The Heavitree Brewery PLC Employee Benefits Trust and those shares under option pursuant to the Employee Share Option Scheme.

The calculation of diluted earnings per ordinary share is based on earnings of £1,817,000 (2005 restated - £990,000), being profit after taxation for the year, on 5,349,453 (2005 – 5,379,424) shares, being the weighted average number of Ordinary and ‘A’ Limited Voting Ordinary Shares in issue during the year, as diluted for the share options in issue.

The Ordinary Shares and the ‘A’ Limited Voting Ordinary Shares have equal dividend rights and therefore no separate calculation of earnings per share for the different classes has been given.

5 Group statement of cash flows

Reconciliation of operating profit to net cash inflow from operating activities:

–  –  –

6 General information The 2006 Annual Report and Financial Statements will be published and posted to shareholders on 9 March 2007. Further copies may be obtained by contacting the Company Secretary at The Heavitree Brewery PLC, Trood Lane, Matford, Exeter EX2 8YP.

The Annual General Meeting will be held at the Registered Office on 4 April 2007 at

11.30am.

Ends.

Contact: G.J.Crocker – Finance Director and Company Secretary Telephone: 01392 217733 Date: 09 March 2007 Publication of Report and Financial Statements The Heavitree Brewery PLC announces the publication of its Report and Financial Statements for the year ended 31 October 2006.

Copies are available from the Registered Office at Trood Lane, Matford, Exeter, Devon EX2 8YP.

Ends.

Contact: Mr G J Crocker – Finance Director and Company Secretary Date: 04 April 2007 Result of Annual General Meeting The Heavitree Brewery PLC announces that at its Annual General Meeting convened and held at its Registered Office on 04 April 2007 at 11.30 am, all the Resolutions were duly passed by shareholders.

Ends.

Contact: Mr G J Crocker – Finance Director and Company Secretary Tel: 01392 Ms M Standish – Shore Capital & Corporate Limited. Tel: 0151 600 3723 Date: 10 April 2007 Director Shareholding

G.J.CROCKER, Executive Director:

05 April 2007 – sale of 2,000 ‘A’ Limited Voting Ordinary Shares (1,000 ref. spouse) at £11.00 per share.

06 April 2007 – purchase of 183 ‘A’ Limited Voting Ordinary Shares at £9.25 per share (21 ref. spouse) and award of 659 ‘A’ Limited Voting Ordinary Shares (at notional £11.00 per share (63 ref. spouse)) pursuant to the Company’s Share Incentive Plan.

Following the above transactions Mr.Crocker is now interested in 173,855 ‘A’ Limited Voting Ordinary Shares (22,855 beneficial and 151,000 non-beneficial), representing 5.0% of the relevant share capital.

R.J.GLANVILLE, Executive Director:

05 April 2007 – sale of 1,000 ‘A’ Limited Voting Ordinary Shares at £11.00 per share.

06 April 2007 – purchase of 1,261 ‘A’ Limited Voting Ordinary Shares at £9.25 per share, and award of 1,024 ‘A’ Limited Voting Ordinary Shares (at notional £11.00 per share) pursuant to the Company’s Share Incentive Plan.

Following the above transactions Mr.Glanville is now interested in 44,481 ‘A’ Limited Voting Ordinary Shares (10,365 beneficial and 34,116 non-beneficial), representing 1.2% of the relevant share capital.

T.WHEATLEY, Executive Director:

05 April 2007 – sale of 900 ‘A’ Limited Voting Ordinary Shares at £11.00 per share.

06 April 2007 – purchase of 162 ‘A’ Limited Voting Ordinary Shares at £9.25 per share and award of 449 ‘A’ Limited Voting Ordinary Shares (at notional £11.00 per share) pursuant to the Company’s Share Incentive Plan.

Following the above transactions Mr.Wheatley is now interested in 7,410 ‘A’ Limited Voting Ordinary Shares (all beneficial), representing 0.2% of the relevant share capital.

Ends.

Date: 16 April 2007 Contact: G J Crocker – Finance Director and Company Secretary – Tel: 01392 M Standish – Shore Capital & Corporate Limited - Tel: 0151 600 3723 Purchase of Own Shares The Heavitree Brewery PLC has, on 13 April 2007 purchased the following of its

own shares for cancellation:

45,000 ‘A’ Limited Voting Ordinary Shares at £11.00 per share.

Ends.

Board Restructuring The Company announces the following Board changes, effective on 1 May 2007.

Nicholas Tucker, Managing Director, is to assume responsibility as executive Chairman when William Tucker, currently non-executive Chairman, reaches the age of 73. William Tucker will remain on the Board as a non-executive director.

Graham Crocker, currently Finance Director and Company Secretary, will be appointed Managing Director. Graham Crocker will continue to have overall responsibility for the Company’s financial affairs.

Rodney Glanville, Director and currently Assistant Company Secretary, will also assume responsibility as Company Secretary.

Press enquiries:

The Heavitree Brewery PLC Graham Crocker Shore Capital Alex Borrelli Ends.

THE HEAVITREE BREWERY PLC (“HEAVITREE” or the “Company”)

TOTAL VOTING RIGHTS

For the purposes of the Financial Services Authority's Disclosure and Transparency

Rules, the Company notifies the market of the following:

As at the date of this announcement, the Company's issued share capital comprises the

following:

2,126,262 Ordinary Shares of 5p which carry one vote for every £1 in nominal value;

and 3,390,061 ‘A’ Limited Voting Ordinary Shares of 5p which carry one vote for every £10 in nominal value.

Heavitree does not hold any shares in treasury.

Heavitree does not have any other class of share which has voting rights.

Consequently Heavitree’s total number of voting rights is 123,263 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Heavitree, under the FSA’s Disclosure and Transparency Rules.

31 May 2007 Ends.

Date : 20 June 2007 Contact: Graham Crocker – Managing Director – 01392 217733 Rod Glanville – Director and Company Secretary – 01392 217733 Alex Borrelli – Shore Capital – 0207 468 7932 Notice of Results A Board Meeting of the Heavitree Brewery PLC will be held on Friday 29 June 2007, following which, the Results and Dividend for the half-year ended 30 April 2007, will be announced.

Ends.

THE HEAVITREE BREWERY PLC (“HEAVITREE” or the “Company”)

TOTAL VOTING RIGHTS

The issuer advises that the following amends the TVR announcement released on 31 May 2007, under RNS Number: 5679X The TVR figure was stated as 123,263 whereas the correct figure should have been 123,266, all other details remain the same and the amended text appears below:

For the purposes of the Financial Services Authority's Disclosure and Transparency

Rules, the Company notifies the market of the following:

As at the date of this announcement, the Company's issued share capital comprises

the following:

2,126,262 Ordinary Shares of 5p which carry one vote for every £1 in nominal value;

and 3,390,061 ‘A’ Limited Voting Ordinary Shares of 5p which carry one vote for every £10 in nominal value.

Heavitree does not hold any shares in treasury.

Heavitree does not have any other class of share which has voting rights.

Consequently Heavitree’s total number of voting rights is 123,266 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Heavitree, under the FSA’s Disclosure and Transparency Rules.

1 August 2007



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