(TVZ) Travelzest

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Buy UK shares for just £1.50. No hidden charges, admin or inactivity fees

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Time: 03:03 (Market Closed)

Bid	5.50
Ask	6.00
Price	5.75
Previous	5.75
Change	0.00 (0.00%)
Last Trade	5.75 (16:30:00)
Trading Vol.	1,125,000
Today's High	5.50
Today's Low	5.50

52 Wk Low	5.50
52 Wk Low	(26/01/2012)
52 Wk High	17.09
52 Wk High	(20/04/2011)
52 Wk Change	-9.50
52 Wk Change	(-62.30%)
4 Wk Volume	1,855,874
ISIN Number	GB0032849084
Currency	GBX

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20-01-12

Travelzest plc - Board Changes

RNS

RNS Number : 9078V

Travelzest plc

20 January 2012

Date:	20 January 2012
On behalf of:	Travelzest plc ('Travelzest' or 'the Company' or "the Group")
Embargo:	1230hrs

Travelzest plc

Board Changes

Travelzest plc (AIM: TVZ), (the "Company") the online travel group is pleased to announce the appointment of Nigel Jenkins as Chairman of the Company. Mark Molyneux steps down as Chairman with immediate effect but remains on the Board as a non-executive director.

Nigel has been a non-executive director of the Company since April 2010. His travel industry experience extends from his current non-executive directorship of All Leisure Group plc, to having been a founding director of Unijet Travel Limited in 1981. Nigel joined First Choice Holidays PLC in 1998 where he led the restructure and turnaround of their Canadian division before returning to the UK in 2004 to become Managing Director of their Activity Holiday Sector and a member of their Group Management Board. He retired from First Choice in October 2006.

Commenting on the change, Mark Molineux said:"We are very pleased that Nigel is taking on the role of Chairman of the Company and look forward to him using his extensive experience to drive the business forward. Nigel has been instrumental in the recent restructuring of the Travelzest group and we look forward to him playing a more pivotal role in the business.

In addition and further to the announcement on the 28 November 2011 regarding the division of the Chief Operating Officer and Finance Director role, Adrian Cobboldwill be appointed as Finance Director. This will provide additional focus in the finance operations and allow Jack Fraser to concentrate on the operational management of the Company. His focus will be todrive its strategic developments particularly in the online area, a continuing growth opportunity for the Company.

Adrian joined Travelzest in November 2010 as Group Executive Vice President of Finance. Prior to that he served as Director of Finance, Chief Financial Officer at Teranet Inc., a leading provider of integrated land-based information systems and software, providing e-commerce services to the legal, real estate, government and financial markets in Canada. He provided financial support and leadership to that company as it transitioned from a public to private entity while contributing to the development of a new corporate strategy and improving the operating results. Prior to Teranet Inc., Adrian was employed by Crown Metal Packaging Canada Inc. ("Crown") for thirteen years.Further information relating to Mr Cobbold, as required under schedule 2 of the AIM Rules for Companies, is set out below in the section entitled "Additional Information".

Commenting on the future, Nigel Jenkins said:

"We are now structured to take advantage of the significant growth opportunities available to us in our key market of Canada. Mark has led the business through a long period of change and the Board thanks him for his contribution and is pleased that he continues to support the Group as a non-executive director.

Adrian has demonstrated both the technical skills and leadership qualities to step up to the Board and Jack will be able to engage fully in the achievement of our strategic goals during the next phase of growth for Travelzest."

Commenting on the appointments, Jonathan Carroll, Chief Executive Officer, said:

"With the new team in place supporting our plans I am confident that our industry leading business units will continue to perform and achieve the levels of return expected by our shareholders."

- Ends -

Enquiries:

Travelzest plc	+1 866 317 3811
Jack Fraser	magdar@travelzestplc.com

RedleafPolhill	+44 (0)20 7566 6720
Rebecca Sanders-Hewett / Jenny Bahr	travelzest@redleafpolhill.com

Merchant Securities Limited (Nominated Adviser and Broker)	+44 (0)20 7628 2200
Simon Clements

Notes to Editors:

Travelzest plc (LSE:TVZ.L) is a dynamic travel group, with a collection of online travel retailers and specialized merchant operators. Included in the Travelzest agency family are Travelzest Holidays, itravel2000, The Cruise Professionals,holiday.co.uk and flight.co.uk. Travelzest is traded on London's AIM Exchange under the symbol TVZ.

Additional information

Under Schedule 2, paragraph (g) of the AIM Rules, the following information is disclosed:

In the past five years Adrian Cobbold, aged 47, has previously been a director of Crown Metal Packaging Canada Inc. Mr Cobbold does not have any existing directorships.

Mr Cobbold has confirmed there is no additional information under Schedule 2, paragraph (g) of the AIM rules which needs to be disclosed.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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21-12-11

Travelzest plc - Offer Talks Terminated and Operational Update

RNS

RNS Number : 3786U

Travelzest plc

21 December 2011

Travelzest Plc

("Travelzest" or the "Company" or the "Group")

Termination of Offer Talks and Operational Update

On 19 September 2011, Travelzest announced that it had received a preliminary approach in relation to a possible offer for the Company from Red Label Vacations Inc. ("Red Label"). In the period following the initial announcement the Company has made three further announcements including the most recent on 12 December 2011 confirming an extension had been granted until 30 December 2011.

The Company announces that following the request for the last extension it received an indicative proposal from Red Label which referred to a price which was at a premium to the current share price. The Company's board ("Board") is of the view that, considering the Company's strong Canadian market presence and continued growth in this market, the price proposed by Red Label significantly undervalues the Company.

Discussions with Red Label have now ceased and the Board can confirm that it is no longer in talks regarding an offer for the Company and is therefore no longer deemed to be in an Offer Period.

Red Label has informed Travelzest that it does not intend to make an offer for the Company and has consented to the release of this announcement. For the purposes of Rule 2.8 of the Code, Red Label reserves the right to announce an offer or possible offer or make or participate in an offer or possible offer for Travelzest (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement in the circumstances set out in Note 2 to Rule 2.8 or with the consent of the Panel.

Operational Update

The Company further announces that following the redevelopment of the business which started in 2009 it has completed the re-profiling of the Group and will now be focusing on the areas that will drive further growth, efficiency and shareholder value.

In line with this strategy, the Company will concentrate on its Canadian operations and divest of all of its under-performing UK assets. This follows the write down the value of these assets in the financial year ended 31 October 2010. Following this divestment programme, the Group will derive in excess of 90% of its revenue and profits from its Canadian operations, itravel2000 and The Cruise Professionals. The Company will retain a UK base in Cheltenham which will act as an integrated operational centre for the Canadian brands, plus certain developing UK brands such as holiday.co.uk, flight.co.uk and upper market brand Travelzest Holidays.

These measures are expected significantly to improve underlying operating profits for the business by approximately £1.5 million per annum and it is anticipated that all staff currently employed in the Cheltenham operational centre will remain.

The divesture process is underway and potential buyers have been identified for a number of the businesses and brands. Further announcements as to progress with this process will be made in due course.

The Company intends to announce it final results for the year ended 31 October 2011 in February 2012.

Mark Molyneux, Travelzest's Chairman, commented:

"Following the termination of discussions with Red Label we will now focus all our efforts on generating profitable growth in order to maximise shareholder value. The key growth area for the Company remains Canada and we will concentrate the Company's efforts in this market.

"Creating value for our shareholders is of paramount importance to us. By divesting those assets that are not performing, particularly (in the current very difficult economic climate) in the UK, which contrasts with much better conditions in Canada, we are building a stronger business that is well positioned for future growth."

Enquiries:

Travelzest plc	+1 866 317 3811
Jack Fraser	+44 0800 917 5329
	magdar@travelzestplc.com

Redleaf Polhill	+44 020 7566 6720
Rebecca Sanders-Hewett / Jenny Bahr	travelzest@redleafpr.com

Merchant Securities Limited (Nominated Adviser and Broker)	+44 020 7628 2200
Simon Clements

Notes to Editors:

Travelzest plc(LSE:TVZ.L) is a dynamic travel group, with a collection of online travel retailers and specialized merchant operators. Included in the Travelzest agency family are Travelzest Holidays, itravel2000, The Cruise Professionals,holiday.co.uk and flight.co.uk. Travelzest is traded on London's AIM Exchange under the symbol TVZ.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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20-12-11

LDC Logistics Dev. - Form 8.3 - [Travelzest PLC]

RNS

RNS Number : 2869U

LDC Logistics Development Corp

19 December 2011

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Identity of the person whose positions/dealings are being disclosed:	LDC LOGISTICS DEVELOPMENT CORPORATION
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	TRAVELZEST PLC
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken:	13 DECEMBER 2011
(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer?	NO

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	ORDINARY SHARES
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	10,829,572	7.46
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	10,829,572	7.46

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other executive options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a) Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

(b) Derivatives transactions (other than options)

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercising

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state "none"

NONE

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

NONE

Is a Supplemental Form 8 (Open Positions) attached?

Date of disclosure:	13 DECEMBER 2011
Contact name:	KIMBELLS FREETH LLP (REFERENCE: 60000010-1)
Telephone number:	0845 271 6771

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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16-12-11

Novum Securities Ltd - Form 8.3 - Travelzest PLC

RNS

RNS Number : 1321U

Novum Securities Limited

16 December 2011

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Identity of the person whose positions/dealings are being disclosed:	Novum Securities Limited
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Travelzest plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken:	14 December 2011
(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer?	If YES, specify which: 14 December 2011

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	3,673,846	2.54
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	3,673,846	2.54

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other executive options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a) Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

Ord 2p

Purchase

1,343

(b) Derivatives transactions (other than options)

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercising

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

If there are no such agreements, arrangements or understandings, state "none"

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

Is a Supplemental Form 8 (Open Positions) attached?

Date of disclosure:	16 December 2011
Contact name:	Henry Turcan
Telephone number:	020 7399 9400

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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Date/Time	Subject	Author
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21-12-11	Re: BIDDING WAR	crazyjonny


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Bump... More View thread 6 Respond Login to Vote up
21-12-11	Re: it's not worth holding these	crazyjonny


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Can't say you weren't warned. More View thread 4 Respond Login to Vote up
21-12-11	Sell No takeover, UK operations gone	crazyjonny


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http://m.londonstockexchange.com/exchange/mobile/news/detail.html?announcementId=11068725 So a once highly profitable portfolio of UK specialist tour operators is no more. And the takeover which has been in the public eye since April isn't going to happen either, didn't see that coming...;) Huge debt, a very tricky future and little of anything positive to expect here. If you're in expect to be sat on a fat loss for a long time as this should tank today. More View thread 1 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
12-12-11	Offer	holysh1t


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Today is the day we have been waiting for - hopefully 20p or more. More View thread 1 Respond Login to Vote up

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(TVZ) Travelzest

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