Table dancing perk for shareholders

Some public companies give modest perks to shareholders - hotels may offer cut price weekends, ferry companies may offer cheaper…

Some public companies give modest perks to shareholders - hotels may offer cut price weekends, ferry companies may offer cheaper fares while even the stingiest plc will aspire to tea and sandwiches for the few who bother to turn up to the annual general meeting.

But the Margin was intrigued by the perks offered to shareholders in Cherokee Leisure, a company that is floating on the over-thecounter Ofex market in London at the end of the month.

Regardless of its name, Cherokee does not provide travel to Indian reservations in the US of A. It is, in fact, a chain of table dancing clubs in Britain which is launching Penthouse theme clubs in association with the eponymous girlie mag.

The Margin understands that table dancing involves young ladies in various states of undress, well, dancing on tables, usually for businessmen looking for light relief. It's so successful in the US that one Florida table dancing club makes more money per square foot than Disneyland.

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And what will investors in Cherokee get as well as a share certificate - no less than free membership of the table dancing club.