We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Levrett | LSE:LVRT | London | Ordinary Share | GB00BYW79Y38 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMLVRT
RNS Number : 6719S
Levrett PLC
23 December 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO UNITED STATES NEWS WIRE SERVICES OR IN OR INTO, AUSTRALIA, CANADA, JAPAN, THE UNITED STATES OF AMERICA OR SOUTH AFRICA OR ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
For Immediate Release 23 December 2016
Levrett Plc
("Levrett" or "the Company")
Interim Results
for the period ended 30 September 2016
Levrett, a Company formed to acquire a target company with realisable or developed commercial technologies in the pharmaceutical and biotechnology sector, announces its interim results for the period ended 30 September 2016.
Further to the announcement dated 16 September 2016 relating to the possible acquisition of Nuformix Limited, the Company can confirm that the Acquisition is at an advanced stage, subject to the completion of documentation and compliance with all regulatory requirements.
The Company intends to convene a General Meeting in order to seek the shareholder approvals necessary to pursue this opportunity, following publication of the prospectus. Further announcements to shareholders will be made in due course.
Enquiries:
Levrett Plc Pascal Hughes, CEO +44 (0) 20 7183 4342 Whitman Howard Limited (Broker and Corporate Advisor) Niall Baird / Nick Lovering +44 (0) 20 7659 1234 Gable Communications Limited +44 (0) 20 7193 7463 (Financial PR) +44 (0) 7872 061007 John Bick e: levrett@gablecommunications.com
LEVRETT PLC
CHAIRMAN'S STATEMENT
FOR THE PERIODED 30 September 2016
Introduction
These are the results for Levrett Plc for the interim period ended 30 September 2016.
Financial review
In the six months to 30 September 2016, the Company recorded a loss for the period of GBP510,957 (a loss per share of 0.53 pence). This includes certain fees in relation to the identification of Nuformix Limited as a possible acquisition target, and subsequent due diligence and advisory fees relating to this transaction.
Transaction Update
Further to the announcement dated 16 September 2016 relating to the possible acquisition of Nuformix Limited, the Company can confirm that the Acquisition is at an advanced stage, subject to the completion of documentation and compliance with all regulatory requirements.
The Company intends to convene a General Meeting in order to seek the shareholder approvals necessary to pursue this opportunity, following publication of the prospectus. Further announcements to shareholders will be made in due course.
F J Lidgey
Chairman
23 December 2016
LEVRETT PLC
INTERIM STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIODED 30 September 2016
Hot Features
Premium
Unaudited Audited
period ended period ended
30 September 31 March
2016 2016
GBP GBP
Revenue - -
Administrative expenses (510,957) (350,420)
-------------
LOSS BEFORE TAX (510,957) (350,420)
Tax - -
LOSS FOR THE PERIOD (510,957) (350,420)
------------- -------------
Other comprehensive - -
income/(expense)
TOTAL COMPREHENSIVE
EXPENSE
FOR THE PERIOD (510,957) (350,420)
============= =============
Loss before tax and total comprehensive expense for the period are all attributable to the equity shareholders of the company.
Loss per share
Basic and diluted (0.0053) (0.0058)
========= =========
LEVRETT PLC
INTERIM STATEMENT OF FINANCIAL POSITION
FOR THE PERIODED 30 September 2016
Unaudited Audited
30 September 31 March
2016 2016
Notes GBP GBP
ASSETS
Current assets
Trade and other receivables 35,310 42,578
Cash and cash equivalents 111,358 502,213
------------- ----------
146,668 544,791
TOTAL ASSETS 146,668 544,791
============= ==========
EQUITY AND LIABILITIES
Equity
Share capital 3 95,750 95,750
Share premium account 737,440 737,440
Share Option Reserve 19,570 19,570
Retained earnings (861,377) (350,420)
Total equity attributable
to equity holders of the
parent (8,617) 502,340
------------- ----------
Current liabilities
Trade and other payables 155,285 42,451
TOTAL LIABILITIES 155,285 42,451
------------- ----------
TOTAL EQUITY AND LIABILITIES 146,668 544,791
============= ==========
LEVRETT PLC
INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE PERIODED 30 September 2016
Share Share
Share Premium Option Retained
capital account Reserve earnings Total
GBP GBP GBP GBP GBP
On Incorporation - - - - -
Total comprehensive
expense for the
period - - - (350,420) (350,420)
Shares issued 95,750 737,440 - - 833,190
Grant of Share
Options - - 19,570 - 19,570
Balance at 31
March 2016 95,750 737,440 19,570 (350,420) 502,340
-------- -------- -------- ------------ ------------
Total comprehensive
expense for the
period - - - (510,957) (510,957)
-------- -------- -------- ------------ ------------
Balance at 30
September 2016 95,750 737,440 19,570 (861,377) (8,617)
======== ======== ======== ============ ============
All equity is attributable to equity shareholders of the company.
Share premium
Represents amounts subscribed for share capital in excess of its nominal value, net of directly attributable issue costs.
Share Option Reserve
Represents the fair value of options issued.
LEVRETT PLC
INTERIM STATEMENT OF CASH FLOWS
FOR THE PERIODED 30 September 2016
Unaudited Audited
period ended period ended
30 September 31 March
2016 2016
GBP GBP
Operating activities
Loss before tax (510,957) (350,420)
Changes in working capital:
Increase in trade and
other receivables 7,268 (42,578)
Increase in trade and
other payables 112,834 42,451
Net cash used in operating
activities (390,855) (350,547)
Financing activities
Share issue - 852,760
Net cash generated from
financing activities (390,855) 502,213
Taxation - -
------------- -------------
Net increase in cash
and cash equivalents (390,855) 502,213
Cash and cash equivalents 502,213 -
at the start of the period
------------- -------------
Cash and cash equivalents
at the end of the period 111,358 502,213
============= =============
LEVRETT PLC
NOTES TO THE INTERIM FINANCIAL INFORMATION
FOR THE PERIODED 30 September 2016
1 General information
Levrett Plc is a publicly listed company incorporated and domiciled in England. The address of its registered office is Suite 31. 2(nd) Floor, 107 Cheapside, London, EC2V 6DN.
The Company is listed on the Official List.
This interim financial information was approved for issue on 23 December 2016.
2 Accounting policies 2.1 Basis of preparation
The interim financial information comprises the Statements of Financial Position at 30 September 2016, the Statements of Comprehensive Income, Changes in Equity and Cash Flows for the period ended 30 September 2016 and the related notes of Levrett Plc, (hereinafter referred to as 'the interim financial information).
The interim financial information has been prepared in accordance with IAS 34, 'Interim Financial Reporting' as adopted by the European Union. In preparing this information, management have used the accounting policies set by the Company.
This interim financial information does not constitute a set of statutory accounts under the requirements of the Companies Act 2006 and is neither audited nor reviewed.
This document (the Interim Statement 2016) will be published on the company's website and will be publicly available from the London Stock Exchange regulatory publications. The maintenance and integrity of the Levrett Plc website is the responsibility of the directors. Legislation in the UK governing the preparation and dissemination of accounts may differ from legislation in other jurisdictions.
2.2 Going concern
These financial statements have been prepared on the going concern basis based on the current cash flow projections for the following twelve months.
LEVRETT PLC
NOTES TO THE INTERIM FINANCIAL INFORMATION
FOR THE PERIOD ENDED 30 September 2016
3 Share capital Unaudited Audited
period ended period
ended
30 September 31 March
2016 2016
GBP GBP
Issued and
fully paid
95,750,000 Ordinary shares
issued of GBP0.001 each 95,750 95,750
------------- ---------
95,750 95,750
============= =========
On Admission to the Official List, 45,750,000 of the above issued share capital was placed at a price of GBP0.02 per share with the premium (net of the issue costs) being shown in the share premium account.
Dividends paid
4 and proposed
Equity dividends
on ordinary shares:
No interim dividend was paid or is proposed
for the period ended 30 September 2016.
Loss per
5 share
The calculations of loss per share are based on the following results and number of shares:
Unaudited Audited
period period
ended ended
30 September 31 March
2016 2016
GBP GBP
Loss for the financial
period (510,957) (350,420)
============= ===========
Weighted average
number of shares
for diluted loss
per share 95,750,000 60,090,214
============= ===========
LEVRETT PLC
NOTES TO THE INTERIM FINANCIAL INFORMATION
FOR THE PERIOD ENDED 30 September 2016
6 Share Options and Warrants
The following table sets out the details of the warrants granted:
Number of
options
at
31 March
2016
and
30 September Exercise Expiry
Warrant holder 2016 price date
EGR Broking Limited 957,500 2p 12/07/17
Rampart Management
Limited 12,000,000 4p 07/12/18
Ambeson Limited 11,000,000 4p 07/12/18
James Bligh 10,000,000 4p 07/12/18
Pascal Hughes 5,000,000 4p 07/12/18
OBB Trading Limited 3,000,000 4p 07/12/18
Dielle Regan 2,500,000 4p 07/12/18
Robert Regan 2,500,000 4p 07/12/18
Jack Dibble 1,400,000 4p 07/12/18
Fulcrum Management
Services 1,000,000 4p 07/12/18
Anthony Reeves 1,000,000 4p 07/12/18
GB Trust Co Limited 600,000 4p 07/12/18
----------------
50,957,500
==========
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR KMMZZMZVGVZZ
(END) Dow Jones Newswires
December 23, 2016 02:00 ET (07:00 GMT)
1 Year Levrett Chart |
1 Month Levrett Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
