Ten Entertainment buys sites in Chichester and Warrington

AIM-listed ten-pin bowling company Ten Entertainment Group has acquired two new sites in Chichester and Warrington, taking its estate to 42 sites and continuing its acquisition strategy.

The company said the sites - ten-pin operations set within leisure parks - are geographically complementary to the existing estate.

Chief executive officer Alan Hand said: "We are very pleased to have secured these two well-located sites at an early stage in the year. Integration into the group through our 'Tenpinisation' process will enable both of these sites to contribute to the group's performance this year."

The 'Tenpinisation' strategy allows a planned re-development of acquired sites, bringing the operations, systems and technology and customer experience up to the standards of the company's wider estate.

Chairman Nick Basing said: "These two new deals point to further evidence of the group's growing ability to acquire high quality locations, taking the total number of sites acquired so far to 14 since 2014."

At 1300 GMT, the shares were down 1.6% to 240p.